IWX vs QQQ
iShares Russell Top 200 Value ETF vs Invesco QQQ Trust, Series 1
Which is better, IWX or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. IWX led over 1Y, QQQ over 3Y, 5Y and the full window. IWX is less concentrated, with 40.9% 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 | IWX | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $3.4B | $506.1B |
| Dividend Yield | 1.41% | 0.42% |
| Holdings | 156 | 321 |
| YTD Return | +22.75%Best | +19.30% |
| 1Y Return | +29.76%Best | +22.47% |
| 3Y Return (annualized) | +22.02% | +26.18%Best |
| 5Y Return (annualized) | +12.92% | +15.42%Best |
| Volatility (annualized) | 13.8%Best | 17.6% |
| Max Drawdown | -35.8% | -35.1%Best |
| $10,000 over 5 years | $18,359 | $20,484Best |
| Top 10 Weight | 40.9%Best | 46.7% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 22, 2009 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2009 to Oct 14, 2026 (17 years).
IWX 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 17 years both funds cover.
IWX vs QQQ Performance
iShares Russell Top 200 Value ETF (IWX) 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 IWX returned +29.76% while QQQ returned +22.47%. Year to date, IWX is up 22.75% versus a gain of 19.30% for QQQ.
Over three years, IWX compounded at +22.02% per year against +26.18% for QQQ; over five years the annualized figures are +12.92% and +15.42% respectively. Across the full 17-year window we track, QQQ has the edge at +18.39% annualized vs +9.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 13.8% for IWX. 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 -35.8% for IWX and -35.1% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWX 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, IWX currently yields 1.41% against 0.42% for QQQ.
Holdings Overlap
39.7% of IWX's money is in holdings QQQ also owns. 43.8% of QQQ's money is in holdings IWX also owns.
The two portfolios partly overlap.
36 positions in common, counted across the 153 positions we hold weights for in IWX and 101 in QQQ, against full books of 156 and 321.
What only one of them owns
Our book lists 58 positions for QQQ that do not appear in our book for IWX (53.4% of the fund), and 114 for IWX that do not appear in QQQ (59.6%).
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 IWX | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.26% | 7.35% | 0.91% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.19% | 5.76% | 1.43% |
| AMZNAmazon.Com Inc | 8.33% | 4.07% | 4.26% |
| INTCIntel Corp. | 2.07% | 2.64% | 0.57% |
| METAMeta Platform Inc | 1.10% | 3.26% | 2.16% |
| WMTWalmart, Inc. | 1.58% | 2.11% | 0.53% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.62% | 1.77% | 0.15% |
| SPCXSpace Exploration Technologies Corp. | 0.03% | 2.70% | 2.67% |
| CTOCostco Wholesale Corp | 0.86% | 1.69% | 0.83% |
| LIN:IELinde Plc Ordinary Shares | 0.82% | 0.91% | 0.09% |
43.8% of QQQ is already inside IWX.
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, IWX or QQQ?
IWX has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, IWX or QQQ?
Over the past year IWX returned +29.76% vs +22.47% for QQQ, so IWX leads on 1-year performance. Over the longest common window we track (17 years), IWX annualized +9.93% vs +18.39% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWX or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 13.8% for IWX. Worst drawdown: IWX -35.8% vs QQQ -35.1%.
Should I hold both IWX and QQQ?
IWX and QQQ have a monthly-return correlation of 0.73, 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 IWX and QQQ?
43.8% of QQQ's money is in holdings IWX also owns. 43.8% of QQQ's is in holdings IWX also owns. They hold 36 positions in common, counted across the 153 positions we hold weights for in IWX and 101 in QQQ.
Which pays a higher dividend, IWX or QQQ?
IWX yields 1.41% while QQQ yields 0.42%, so IWX currently pays the higher dividend yield.
Is QQQ better than IWX?
QQQ has a lower expense ratio. IWX led over 1Y, QQQ over 3Y, 5Y and the full window. IWX is less concentrated, with 40.9% 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.