Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWD vs QUAL: how they differ
IWD and QUAL hold 30% of their weight in the same names, and IWD returned more over the year.
iShares Russell 1000 Value ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, IWD and QUAL hold 30% of their money in the same securities at the same weight.
| Holding | IWD | QUAL |
|---|---|---|
| APPLE INC. | 5.38% | 6.28% |
| MICROSOFT CORPORATION | 3.89% | 5.05% |
| BERKSHIRE HATHAWAY INC. | 2.62% | 2.12% |
| JOHNSON & JOHNSON | 1.72% | 1.92% |
| WALMART INC. | 1.28% | 1.23% |
| UNITEDHEALTH GROUP INCORPORATED | 1.05% | 1.03% |
| THE PROCTER & GAMBLE COMPANY | 0.96% | 0.93% |
| MERCK & CO., INC. | 0.89% | 1.08% |
| THE COCA-COLA COMPANY | 0.79% | 0.75% |
| LINDE PUBLIC LIMITED COMPANY | 0.67% | 0.88% |
| COSTCO WHOLESALE CORPORATION | 0.66% | 1.31% |
| META PLATFORMS, INC. | 0.63% | 3.50% |
| Only in IWD | Only in QUAL |
|---|---|
| AMAZON.COM, INC. 5.95% | NVIDIA CORPORATION 6.52% |
| JPMORGAN CHASE & CO. 2.46% | LAM RESEARCH CORPORATION 3.23% |
| INTEL CORPORATION 1.72% | VISA INC. 3.09% |
| EXXON MOBIL CORPORATION 1.60% | ELI LILLY AND COMPANY 2.92% |
| CISCO SYSTEMS, INC. 1.30% | KLA CORPORATION 2.79% |
| ABBVIE INC. 1.15% | ALPHABET INC. 2.54% |
| BANK OF AMERICA CORPORATION 0.99% | CATERPILLAR INC. 2.52% |
| CHEVRON CORPORATION 0.86% | APPLIED MATERIALS, INC. 2.45% |
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 Apr 30, 2026 and Jun 30, 2026.
| IWD iShares Russell 1000 Value ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Russell 1000 value | MSCI USA Quality Factor |
| Total return, 1 year | +27.4% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +9.9 pts | −1.5 pts |
| Expense ratio | 0.18% | 0.15% |
| Already in the S&P 500 | 90.2% | 98.9% |
| Holdings | 870 | 121 |
IWD in plain words
IWD is an index equity fund tracking the Russell 1000 value. Over the year to Sep 11, 2026 it returned +27.4% 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 Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 870 positions, with the top ten at 27.9%.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWD or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, IWD returned +27.4% and QUAL returned +16.0%, so IWD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWD or QUAL?
- IWD charges 0.18% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do IWD and QUAL overlap with the S&P 500?
- By their latest filed holdings, 90% of IWD and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 30% of their books are the same securities at the same weight.
Other comparisons
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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, IWD against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWD-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources