Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYW vs XLG: how they differ
IYW and XLG hold 51% of their weight in the same names, and IYW returned more over the year.
iShares U.S. Technology ETF and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, IYW and XLG hold 51% of their money in the same securities at the same weight.
| Holding | IYW | XLG |
|---|---|---|
| NVIDIA CORPORATION | 16.25% | 13.10% |
| APPLE INC. | 13.65% | 10.76% |
| ALPHABET INC. | 7.84% | 6.05% |
| ALPHABET INC. | 6.34% | 4.82% |
| MICROSOFT CORPORATION | 3.99% | 8.18% |
| BROADCOM INC. | 3.78% | 4.85% |
| META PLATFORMS, INC. | 2.81% | 3.61% |
| ADVANCED MICRO DEVICES, INC. | 3.50% | 1.56% |
| PALANTIR TECHNOLOGIES INC. | 1.86% | 0.86% |
| ORACLE CORPORATION | 1.67% | 0.74% |
| TEXAS INSTRUMENTS INCORPORATED | 1.57% | 0.69% |
| INTERNATIONAL BUSINESS MACHINES CORPORAT | 1.32% | 0.58% |
| Only in IYW | Only in XLG |
|---|---|
| MICRON TECHNOLOGY, INC. 2.98% | Amazon.com, Inc. 6.99% |
| INTEL CORPORATION 2.56% | Tesla, Inc. 2.90% |
| LAM RESEARCH CORPORATION 1.99% | Berkshire Hathaway Inc. 2.35% |
| APPLIED MATERIALS, INC. 1.92% | JPMorgan Chase & Co. 2.28% |
| KLA CORPORATION 1.41% | Eli Lilly and Co. 2.00% |
| ANALOG DEVICES, INC. 1.21% | Exxon Mobil Corp. 1.74% |
| QUALCOMM INCORPORATED 1.18% | Walmart Inc. 1.56% |
| AMPHENOL CORPORATION 1.10% | Visa Inc. 1.50% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | U.S. Technology | S&P 500 top 50 |
| Total return, 1 year | +34.9% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +17.4 pts | −5.3 pts |
| Expense ratio | 0.37% | 0.20% |
| Already in the S&P 500 | 95.5% | 100.0% |
| Holdings | 139 | 51 |
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%.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 63.6%.
Questions people ask
- Which returned more over the last year, IYW or XLG?
- In the year to Sep 12, 2026, with distributions reinvested, IYW returned +34.9% and XLG returned +12.2%, so IYW returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYW or XLG?
- IYW charges 0.37% a year and XLG charges 0.20%, so XLG is cheaper. Fees come from each fund's prospectus.
- How much do IYW and XLG overlap with the S&P 500?
- By their latest filed holdings, 96% of IYW and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 51% 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, IYW against XLG, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYW-XLG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources