Data as of Oct 28, 2026.

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IWC vs QQQM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWC returned +16.5% to QQQM's +15.2%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.2bn for iShares Micro-Cap ETF and $110.4bn for Invesco NASDAQ 100 ETF.

At a glance
+16.5%
IWC total return, 1 year
+15.2%
QQQM total return, 1 year
0.60%
IWC expense ratio
0.15%
QQQM expense ratio

Pair scorecard

QQQM costs 0.45 points a year less; their one-year returns differ by 1.3 points; QQQM is far larger, $110.4bn against $1.2bn.

IWC vs QQQM: Differences, Returns & Fees
MeasureIWCQQQM
Return
Total return, 1 year+16.5%+15.2%
Drawdown
Below its high9.5%, high on Aug 14, 20264.5%, high on Oct 6, 2026
Benchmark
What it tracksRussell Microcap IndexNasdaq-100 Index
Cost and size
Expense ratio0.60%0.15%
Net assets, as of Oct 27, 2026$1.2bn$110.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund5.9%46.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, IWC and QQQM hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IWC QQQM
Only in one fund ↓
Only in IWC
CAREDX 0.88%
PENGUIN SOLUTIONS INC 0.73%
NURIX THERAPEUTICS 0.63%
SELLAS LIFE SCIENCES GROUP INC 0.60%
VIRIDIAN THERAPEUTICS ORS 0.59%
OUSTER 0.53%
INTERFACE 0.52%
STRIVE INC CLASS A 0.50%
Only in QQQM
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.93%
Check overlap with more funds →

Side by side

IWC iShares Micro-Cap ETF QQQM Invesco NASDAQ 100 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell Microcap Tracks the Nasdaq-100
Total return, 1 year +16.5% +15.2%
Its benchmark over the same days +13.3% (IWV) +15.2% (QQQ)
Gap to its benchmark +3.2 pts vs IWV 0.0 pts vs QQQ
Expense ratio 0.60% 0.15%
Already in the S&P 500 91.7% 95.7%
Holdings 1365 105
Net assets, as of Oct 27, 2026 $1.2bn $110.4bn

IWC and QQQM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
IWC

Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.

QQQM

QQQM tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWC or QQQM?
In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and QQQM +15.2%.
Which is cheaper, IWC or QQQM?
QQQM is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWC and QQQM overlap with the S&P 500?
By their latest filed holdings, 92% of IWC and 96% of QQQM by weight is stocks the S&P 500 already holds.
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ETFIQ, IWC against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-qqqm

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