IWLG vs QQQ
NYLIM Winslow Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, IWLG or QQQ?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 57.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IWLG | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $327M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 82 | 321 |
| YTD Return | +5.96% | +19.30%Best |
| 1Y Return | +6.77% | +22.47%Best |
| 3Y Return (annualized) | +22.06% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 18.8%Best | 19.4% |
| Max Drawdown | -23.2% | -22.8%Best |
| $10,000 over 4.3 years | $22,754 | $26,194Best |
| Top 10 Weight | 57.9% | 46.7%Best |
| Fund Family | New York Life Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 22, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 23, 2022 to Oct 14, 2026 (4.3 years).
IWLG vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
IWLG vs QQQ Performance
NYLIM Winslow Large Cap Growth ETF (IWLG) is an ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IWLG returned +6.77% while QQQ returned +22.47%. Year to date, IWLG is up 5.96% versus a gain of 19.30% for QQQ.
Over three years, IWLG compounded at +22.06% per year against +26.18% for QQQ. Across the full 4-year window we track, QQQ has the edge at +25.10% annualized vs +21.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 18.8% for IWLG. 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 -23.2% for IWLG and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWLG charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, IWLG currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
63.3% of IWLG's money is in holdings QQQ also owns. 53.2% of QQQ's money is in holdings IWLG also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 37 positions we hold weights for in IWLG and 101 in QQQ, against full books of 82 and 321.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for IWLG (43.8% of the fund), and 19 for IWLG that do not appear in QQQ (32.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IWLG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.02% | 8.33% | 5.69% |
| GOOGAlphabet Inc. C | 10.62% | 2.85% | 7.77% |
| MSFTMicrosoft Corp | 6.96% | 5.76% | 1.20% |
| AAPLApple, Inc | 4.31% | 7.35% | 3.04% |
| AMDAdvanced Micro Devices Inc | 4.62% | 4.17% | 0.45% |
| MUMicron Technology, Inc. | 2.21% | 5.02% | 2.81% |
| AMZNAmazon.Com Inc | 3.08% | 4.07% | 0.99% |
| METAMeta Platforms Inc | 3.48% | 3.26% | 0.22% |
| AVGOBroadcom Inc | 2.95% | 2.53% | 0.42% |
| SPCXSpace Exploration Technologies | 1.84% | 2.70% | 0.86% |
63.3% of IWLG is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWLG or QQQ?
IWLG has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IWLG or QQQ?
Over the past year IWLG returned +6.77% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), IWLG annualized +21.07% vs +25.10% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWLG or QQQ?
QQQ has been the more volatile fund at 19.4% annualized versus 18.8% for IWLG. Worst drawdown: IWLG -23.2% vs QQQ -22.8%.
Should I hold both IWLG and QQQ?
IWLG and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWLG and QQQ?
63.3% of IWLG's money is in holdings QQQ also owns. 53.2% of QQQ's is in holdings IWLG also owns. They hold 16 positions in common, counted across the 37 positions we hold weights for in IWLG and 101 in QQQ.
Which pays a higher dividend, IWLG or QQQ?
IWLG yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than IWLG?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 57.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.