IWV vs QQQ
IWV vs QQQ
iShares Russell 3000 ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. IWV offers more diversification with 1670 holdings.
Side-by-Side Comparison
| Metric | IWV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $19.5B | $455.8B | |
| Dividend Yield | 0.87% | 0.41% | |
| Holdings | 2,596 | 108 | |
| YTD Return | +14.00% | +18.20% | |
| 1Y Return | +23.81% | +27.63% | |
| 3Y Return (annualized) | +20.88% | +25.54% | |
| 5Y Return (annualized) | +12.28% | +15.12% | |
| Volatility (annualized) | 15.6% | 30.6% | |
| Max Drawdown | -56.7% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 22, 2000 | Mar 10, 1999 |
IWV vs QQQ Performance
iShares Russell 3000 ETF (IWV) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IWV returned +23.81% while QQQ returned +27.63%. Year to date, IWV is up 14.00% versus a gain of 18.20% for QQQ.
Over three years, IWV compounded at +20.88% per year against +25.54% for QQQ; over five years the annualized figures are +12.28% and +15.12% respectively. Across the full 26-year window we track, QQQ has the edge at +13.11% annualized vs +7.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.6% for IWV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.7% for IWV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWV charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, IWV currently yields 0.87% against 0.41% for QQQ.
Holdings Overlap
IWV and QQQ share 89 holdings out of 1684 unique holdings combined, representing a 46.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IWV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 6.26% | 7.88% | 1.62% |
| AAPL | 6.20% | 7.46% | 1.26% |
| MSFT | 3.94% | 4.65% | 0.71% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings IWV shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IWV or QQQ?
IWV has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IWV or QQQ?
Over the past year IWV returned +23.81% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), IWV annualized +7.25% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.6% for IWV. Worst drawdown: IWV -56.7% vs QQQ -83.0%.
Should I hold both IWV and QQQ?
IWV and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWV and QQQ?
IWV and QQQ share 89 common holdings with a 46.7% weight overlap. Combined, they hold 1684 unique securities.
Which pays a higher dividend, IWV or QQQ?
IWV yields 0.87% while QQQ yields 0.41%, so IWV currently pays the higher dividend yield.
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