Data as of Oct 28, 2026.
IWM vs ONEQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWM returned +14.1% to ONEQ's +12.7%; 4% of their weight is in the same names.
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Net assets: $75.5bn on Oct 27, 2026 for iShares Russell 2000 ETF, and $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF.
Pair scorecard
IWM costs 0.02 points a year less; their one-year returns differ by 1.4 points; IWM is 7.2 times larger.
| Measure | IWM | ONEQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.1% | +12.7% |
| Drawdown | ||
| Below its high | 7.6%, high on Aug 14, 2026 | 3.8%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | Russell 2000 Index | Nasdaq Composite Index |
| Cost and size | ||
| Expense ratio | 0.19% | 0.21% |
| Net assets, as of Sep 30, 2026 | $78.0bn | $10.9bn |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 3.3% | 56.0% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 10, 2003 to Oct 23, 2026 · 1,202 weekly returnsONEQ returned more: +1,558.1% to +618.2%. ONEQ swung less: 19.5% to 22.4%. ONEQ fell slightly less at its worst: −53.5% to −57.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWM | ONEQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +618.2% | +1,558.1% | ONEQ | Price change plus distributions, reinvested. |
| Annualized | +8.9% | +12.9% | ONEQ | Total return as a yearly rate. |
| Price return | +431.2% | +1,232.7% | ONEQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.4% | 19.5% | ONEQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.7% | 13.5% | ONEQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −57.7% | −53.5% | ONEQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.41 | 0.63 | ONEQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.59 | 0.91 | ONEQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.24 | ONEQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,202 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWM and ONEQ hold 4% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
IWM and ONEQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWM and ONEQ do different jobs. What does each one do in a portfolio?
- What each follows. IWM follows Russell 2000 Index and ONEQ follows Nasdaq Composite Index.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- Size. IWM has $78.0bn in net assets and ONEQ $10.9bn (net assets, as of Sep 30, 2026); IWM is 7.2 times larger.
Data as of Oct 28, 2026.
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IWM
IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.
ONEQ
ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWM or ONEQ?
- In the year to Oct 28, 2026, with distributions reinvested, IWM returned +14.1% and ONEQ +12.7%.
- Which is cheaper, IWM or ONEQ?
- IWM is cheaper, by 0.02 percentage points a year. That is about $2 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, IWM against ONEQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwm-vs-oneq
ETFIQ. (Oct 28, 2026). IWM against ONEQ. Retrieved from https://etfiq.com/compare/any/iwm-vs-oneq
[IWM against ONEQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwm-vs-oneq)
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