Data as of Oct 28, 2026.
IWC vs QUAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWC returned +16.5% to QUAL's +13.1%; 0% of their weight is in the same names.
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Net assets: $1.2bn on Oct 27, 2026 for iShares Micro-Cap ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.
Pair scorecard
QUAL costs 0.45 points a year less; their one-year returns differ by 3.4 points; QUAL is far larger, $48.3bn against $1.2bn.
| Measure | IWC | QUAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +13.1% |
| Drawdown | ||
| Below its high | 9.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Russell Microcap Index | MSCI USA Sector Neutral Quality Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.15% |
| Net assets, as of Oct 26, 2026 | $1.2bn | $48.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 5.9% | 44.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, IWC and QUAL hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IWC and QUAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
QUAL
QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.
Questions people ask
- Which returned more over the last year, IWC or QUAL?
- In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and QUAL +13.1%.
- Which is cheaper, IWC or QUAL?
- QUAL 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.
Links are sources, not endorsements. 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.
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ETFIQ, IWC against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-qual
ETFIQ. (Oct 28, 2026). IWC against QUAL. Retrieved from https://etfiq.com/compare/any/iwc-vs-qual
[IWC against QUAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwc-vs-qual)
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