Which returned more over the last year, IWL or QUAL?

In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and QUAL +17.1%.

Which is cheaper, IWL or QUAL?

Neither: IWL and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.

How much do IWL and QUAL overlap with the S&P 500?

By their latest filed holdings, 99% of IWL and 97% of QUAL by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

IWL vs QUAL: Differences, Returns & Fees

IWL and QUAL hold 47% of their weight in the same names. Net assets on Oct 9, 2026: $2.3bn for iShares Russell Top 200 ETF and $49.0bn for iShares MSCI USA Quality Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 0.3 points; QUAL is far larger, $49.0bn against $2.3bn.

IWL vs QUAL: Differences, Returns & Fees
	IWL	QUAL
Expense ratio	0.15%	0.15%
Net assets	$2.3bn	$49.0bn
Total return, 1 year	+16.8%	+17.1%
What it tracks	Russell Top 200 Index	MSCI USA Sector Neutral Quality Index ?
Holdings in common	47%
Top ten holdings, share of the fund	44.6%	45.7%

Holdings in common uses holdings dated Oct 9, 2026.

+16.8%

IWL total return, 1 year

+17.1%

QUAL total return, 1 year

0.15%

IWL expense ratio

0.15%

QUAL expense ratio

What they hold in common

By the books each fund has filed, IWL and QUAL hold 47% 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.

50%

half

47% in common

Positions both hold, largest shared weight first

Holding IWL QUAL

APPLE 8.35% 7.03%

MICROSOFT 6.82% 8.01%

NVIDIA 9.18% 6.49%

META PLATFORMS CLASS A 2.71% 4.62%

ALPHABET CLASS A 3.52% 1.97%

BERKSHIRE HATHAWAY INC CLASS B 1.65% 1.81%

ELI LILLY 1.62% 3.65%

ALPHABET CLASS C 2.84% 1.54%

EXXONMOBIL HOLDINGS CORP 1.19% 2.31%

VISA CLASS A 1.12% 3.24%

JOHNSON & JOHNSON 1.08% 2.04%

WALMART 0.84% 0.96%

Only in IWL

AMAZON.COM INC 4.37%

BROADCOM INC 2.89%

MICRON TECHNOLOGY 1.99%

TESLA INC 1.92%

ADVANCED MICRO DEVICES 1.70%

JPMORGAN CHASE & CO 1.53%

ABBVIE 0.84%

INTEL CORPORATION 0.82%

Only in QUAL

CHIPOTLE MEXICAN GRILL 0.81%

GARMIN 0.81%

WILLIAMS SONOMA INC 0.71%

COMFORT SYSTEMS USA 0.59%

ULTA BEAUTY INC 0.53%

FASTENAL 0.52%

WW GRAINGER INC 0.50%

XCEL ENERGY INC 0.48%

Check overlap with more funds →

On the same fields

IWL

iShares Russell Top 200 ETF

QUAL

iShares MSCI USA Quality Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index Tracks the MSCI USA Quality Factor

Total return, 1 year +16.8% +17.1%

Expense ratio 0.15% 0.15%

Already in the S&P 500 99.2% 97.2%

Holdings 202 119

Net assets $2.3bn $49.0bn

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

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

About QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.7%.

Questions people ask

Which returned more over the last year, IWL or QUAL?: In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and QUAL +17.1%.
Which is cheaper, IWL or QUAL?: Neither: IWL and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
How much do IWL and QUAL overlap with the S&P 500?: By their latest filed holdings, 99% of IWL and 97% of QUAL by weight is stocks the S&P 500 already holds.

Other comparisons

IWL vs SCHX IWL vs VIG IWL vs SPYM IWL vs VTI QUAL vs SFLR QDF vs QUAL QUAL vs TILT QUAL vs TMFC

IWL on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IWL and QUAL filings on SEC EDGAR ↗IWL prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗

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, IWL against QUAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwl-vs-qual

Open data

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