Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs QQQ: how they differ
IWB and QQQ hold 50% of their weight in the same names, and QQQ returned more over the year.
iShares Russell 1000 ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, IWB and QQQ hold 50% of their money in the same securities at the same weight.
| Holding | IWB | QQQ |
|---|---|---|
| NVIDIA CORPORATION | 6.73% | 8.16% |
| APPLE INC. | 6.03% | 7.29% |
| MICROSOFT CORPORATION | 4.00% | 5.32% |
| AMAZON.COM, INC. | 3.33% | 4.62% |
| ALPHABET INC. | 3.00% | 3.52% |
| BROADCOM INC. | 2.54% | 3.37% |
| ALPHABET INC. | 2.42% | 3.26% |
| MICRON TECHNOLOGY, INC. | 1.88% | 4.80% |
| META PLATFORMS, INC. | 1.79% | 2.97% |
| TESLA, INC. | 1.77% | 3.46% |
| ADVANCED MICRO DEVICES, INC. | 1.36% | 3.70% |
| INTEL CORPORATION | 0.88% | 2.52% |
| Only in IWB | Only in QQQ |
|---|---|
| ELI LILLY AND COMPANY 1.38% | Seagate Technology Holdings PLC 0.84% |
| BERKSHIRE HATHAWAY INC. 1.34% | Honeywell International Inc. 0.66% |
| JPMORGAN CHASE & CO. 1.26% | Shopify Inc. 0.64% |
| JOHNSON & JOHNSON 0.88% | ASML Holding N.V. 0.62% |
| EXXON MOBIL CORPORATION 0.82% | MercadoLibre, Inc. 0.38% |
| VISA INC. 0.82% | NXP Semiconductors N.V. 0.36% |
| CATERPILLAR INC. 0.70% | PDD Holdings Inc. 0.25% |
| ABBVIE INC. 0.64% | ARM Holdings PLC 0.22% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| IWB iShares Russell 1000 ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | Russell 1000 | Nasdaq-100, book from QQQM |
| Total return, 1 year | +16.7% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | +5.5 pts |
| Expense ratio | 0.15% | 0.18% |
| Already in the S&P 500 | 91.9% | 96.7% |
| Holdings | 1024 | 101 |
IWB in plain words
IWB is an index equity fund tracking the Russell 1000. Over the year to Sep 11, 2026 it returned +16.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1024 positions, with the top ten at 33.5%.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWB or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or QQQ?
- IWB charges 0.15% a year and QQQ charges 0.18%, so IWB is cheaper. Fees come from each fund's prospectus.
- How much do IWB and QQQ overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 50% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IWB against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-QQQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources