IWN vs QQQ
iShares Russell 2000 Value ETF vs Invesco QQQ Trust, Series 1
Which is better, IWN or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 46.7%.
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 | IWN | QQQ |
|---|---|---|
| Expense Ratio | 0.24% | 0.18%Best |
| AUM | $13.8B | $506.1B |
| Dividend Yield | 1.55% | 0.42% |
| Holdings | 1,393 | 321 |
| YTD Return | +14.77% | +19.30%Best |
| 1Y Return | +17.60% | +22.47%Best |
| 3Y Return (annualized) | +18.07% | +26.18%Best |
| 5Y Return (annualized) | +6.58% | +15.42%Best |
| Volatility (annualized) | 19.5%Best | 22.4% |
| Max Drawdown | -62.9%Best | -80.5% |
| $10,000 over 5 years | $13,752 | $20,484Best |
| Top 10 Weight | 5.4%Best | 46.7% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Jul 24, 2000 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2000 to Oct 14, 2026 (26.2 years).
IWN 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 26.2 years both funds cover.
IWN vs QQQ Performance
iShares Russell 2000 Value ETF (IWN) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IWN returned +17.60% while QQQ returned +22.47%. Year to date, IWN is up 14.77% versus a gain of 19.30% for QQQ.
Over three years, IWN compounded at +18.07% per year against +26.18% for QQQ; over five years the annualized figures are +6.58% and +15.42% respectively. Across the full 26-year window we track, QQQ has the edge at +8.59% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 19.5% for IWN. 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 -62.9% for IWN and -80.5% 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IWN charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, IWN currently yields 1.55% against 0.42% for QQQ.
Holdings Overlap
0.1% of IWN's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings IWN also owns.
QQQ and IWN share little of their money.
1 positions in common, counted across the 1,290 positions we hold weights for in IWN and 101 in QQQ, against full books of 1,393 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for IWN (94.6% of the fund), and 1,132 for IWN that do not appear in QQQ (94.1%).
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 IWN | Weight in QQQ | Difference |
|---|---|---|---|
| CTOCostco Wholesale Corp | 0.05% | 1.69% | 1.64% |
You are not choosing between two funds in isolation.
Whichever of IWN and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWN or QQQ?
IWN has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, IWN or QQQ?
Over the past year IWN returned +17.60% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), IWN annualized +7.56% vs +8.59% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWN or QQQ?
QQQ has been the more volatile fund at 22.4% annualized versus 19.5% for IWN. Worst drawdown: IWN -62.9% vs QQQ -80.5%.
Should I hold both IWN and QQQ?
IWN and QQQ have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IWN and QQQ?
1.7% of QQQ's money is in holdings IWN also owns. 1.7% of QQQ's is in holdings IWN also owns. They hold 1 positions in common, counted across the 1,290 positions we hold weights for in IWN and 101 in QQQ.
Which pays a higher dividend, IWN or QQQ?
IWN yields 1.55% while QQQ yields 0.42%, so IWN currently pays the higher dividend yield.
Is QQQ better than IWN?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.