Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYW vs QUAL: how they differ
IYW and QUAL hold 34% of their weight in the same names, and IYW returned more over the year.
iShares U.S. Technology ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, IYW and QUAL hold 34% of their money in the same securities at the same weight.
| Holding | IYW | QUAL |
|---|---|---|
| NVIDIA CORPORATION | 16.25% | 6.52% |
| APPLE INC. | 13.65% | 6.28% |
| MICROSOFT CORPORATION | 3.99% | 5.05% |
| META PLATFORMS, INC. | 2.81% | 3.50% |
| ALPHABET INC. | 7.84% | 2.54% |
| ALPHABET INC. | 6.34% | 2.12% |
| LAM RESEARCH CORPORATION | 1.99% | 3.23% |
| APPLIED MATERIALS, INC. | 1.92% | 2.45% |
| KLA CORPORATION | 1.41% | 2.79% |
| QUALCOMM INCORPORATED | 1.18% | 1.42% |
| APPLOVIN CORPORATION | 0.65% | 0.67% |
| ADOBE INC. | 0.62% | 1.19% |
| Only in IYW | Only in QUAL |
|---|---|
| BROADCOM INC. 3.78% | THE TJX COMPANIES, INC. 3.19% |
| ADVANCED MICRO DEVICES, INC. 3.50% | VISA INC. 3.09% |
| MICRON TECHNOLOGY, INC. 2.98% | ELI LILLY AND COMPANY 2.92% |
| INTEL CORPORATION 2.56% | CATERPILLAR INC. 2.52% |
| PALANTIR TECHNOLOGIES INC. 1.86% | MASTERCARD INCORPORATED 2.30% |
| ORACLE CORPORATION 1.67% | BERKSHIRE HATHAWAY INC. 2.12% |
| TEXAS INSTRUMENTS INCORPORATED 1.57% | NETFLIX, INC. 2.00% |
| INTERNATIONAL BUSINESS MACHINES CORPORAT 1.32% | JOHNSON & JOHNSON 1.92% |
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.
| IYW iShares U.S. Technology ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | U.S. Technology | MSCI USA Quality Factor |
| Total return, 1 year | +34.9% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +17.4 pts | −1.5 pts |
| Expense ratio | 0.37% | 0.15% |
| Already in the S&P 500 | 95.5% | 98.9% |
| Holdings | 139 | 121 |
IYW in plain words
IYW is an index equity fund tracking the U.S. Technology. Over the year to Sep 11, 2026 it returned +34.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 139 positions, with the top ten at 63.7%.
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, IYW or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, IYW returned +34.9% and QUAL returned +16.0%, so IYW returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYW or QUAL?
- IYW charges 0.37% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do IYW and QUAL overlap with the S&P 500?
- By their latest filed holdings, 96% of IYW and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 34% 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, IYW against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYW-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources