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IWB vs QVML: Differences, Returns & Fees

IWB and QVML hold 80% of their weight in the same names, and QVML returned +17.8% over the year. Net assets on Oct 9, 2026: $49.6bn for iShares Russell 1000 ETF and $1.7bn for Invesco S&P 500 QVM Multi-factor ETF.

QVML costs 0.04 points a year less; their one-year returns differ by 1.2 points; IWB is far larger, $49.6bn against $1.7bn.

IWB vs QVML: Differences, Returns & Fees
IWBQVML
Expense ratio0.15%0.11%
Net assets$49.6bn$1.7bn
Total return, 1 year+16.6%+17.8%
What it tracksRussell 1000 IndexS&P 500 Quality, Value & Momentum Top 90% Multi-Factor Index
Holdings in common80%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund36.1%42.2%

Holdings in common uses holdings dated Oct 9, 2026.

+16.6%
IWB total return, 1 year
+17.8%
QVML total return, 1 year
0.15%
IWB expense ratio
0.11%
QVML expense ratio

What they hold in common

By the books each fund has filed, IWB and QVML hold 80% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

80% in common

Positions both hold, largest shared weight first
Holding IWB QVML
NVIDIA 7.44% 8.97%
APPLE 6.77% 8.12%
MICROSOFT 5.53% 6.74%
AMAZON.COM INC 3.54% 4.43%
ALPHABET CLASS A 2.85% 4.57%
BROADCOM INC 2.34% 2.87%
MICRON TECHNOLOGY 1.61% 1.79%
ADVANCED MICRO DEVICES 1.38% 1.48%
BERKSHIRE HATHAWAY INC CLASS B 1.34% 1.59%
ELI LILLY 1.31% 1.59%
JPMORGAN CHASE & CO 1.24% 1.48%
EXXONMOBIL HOLDINGS CORP 0.97% 1.14%
Only in IWB
ALPHABET CLASS C 2.30%
META PLATFORMS CLASS A 2.20%
TESLA INC 1.56%
ABBVIE 0.68%
PALANTIR TECHNOLOGIES CLASS A 0.65%
PHILIP MORRIS INTERNATIONAL 0.44%
ORACLE 0.34%
GILEAD SCIENCES 0.26%
Only in QVML
Seagate Technology Holdings PLC 0.28%
TE Connectivity PLC 0.10%
Invesco Government & Agency Portfolio 0.10%
NXP Semiconductors NV 0.10%
Skydance Corp 0.02%
SECURITIES LENDING - BNYM 0.00%

Check overlap with more funds →

On the same fields

IWB
iShares Russell 1000 ETF
QVML
Invesco S&P 500 QVM Multi-factor ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks the Russell 1000 Tracks an index
Total return, 1 year +16.6% +17.8%
Its benchmark over the same days +16.8% (VONE) not published
Gap to its benchmark −0.1 pts vs VONE not available
Expense ratio 0.15% 0.11%
Already in the S&P 500 91.7% 99.6%
Holdings 1025 438
Net assets $49.6bn $1.7bn

IWB and QVML on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IWB

IWB tracks the Russell 1000. Over the year to Oct 9, 2026 it returned +16.6% with distributions reinvested, against +16.8% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 36.1%.

About QVML

QVML tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested. The prospectus expense ratio is 0.11% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 438 positions, with the top ten at 42.2%.

Questions people ask

Which returned more over the last year, IWB or QVML?
In the year to Oct 9, 2026, with distributions reinvested, IWB returned +16.6% and QVML +17.8%.
Which is cheaper, IWB or QVML?
QVML is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWB and QVML overlap with the S&P 500?
By their latest filed holdings, 92% of IWB and 100% of QVML by weight is stocks the S&P 500 already holds.
Other comparisons
IWB vs QUSIWB vs JPEFIWB vs USPXIWB vs TMFCQUAL vs QVMLQVML vs SCHBQVML vs RDVYQVML vs USMV
IWB on its own →QVML on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWB filings on SEC EDGAR ↗IWB prospectus with the expense ratio (SEC) ↗iShares page for IWB ↗QVML filings on SEC EDGAR ↗QVML prospectus with the expense ratio (SEC) ↗Invesco page for QVML ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IWB against QVML, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwb-vs-qvml

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.