IWV vs QVML: Differences, Returns & Fees
IWV and QVML hold 77% of their weight in the same names, and QVML returned +17.8% over the year. Net assets on Oct 9, 2026: $20.6bn for iShares Russell 3000 ETF and $1.7bn for Invesco S&P 500 QVM Multi-factor ETF.
QVML costs 0.09 points a year less; their one-year returns differ by 1.1 points; IWV is 12.0 times larger.
| IWV | QVML | |
|---|---|---|
| Expense ratio | 0.20% | 0.11% |
| Net assets | $20.6bn | $1.7bn |
| Total return, 1 year | +16.7% | +17.8% |
| What it tracks | Russell 3000 Index | S&P 500 Quality, Value & Momentum Top 90% Multi-Factor Index |
| Holdings in common | 77% | |
| Holdings dated | Oct 9, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 34.7% | 42.2% |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, IWV and QVML hold 77% 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
77% in common
On the same fields
IWV and QVML on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About IWV
IWV tracks an index. Over the year to Oct 9, 2026 it returned +16.7% with distributions reinvested, against +16.8% for its benchmark, the Russell 3000 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,600 positions, with the top ten at 34.7%.
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, IWV or QVML?
- In the year to Oct 9, 2026, with distributions reinvested, IWV returned +16.7% and QVML +17.8%.
- Which is cheaper, IWV or QVML?
- QVML is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
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, IWV against QVML, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwv-vs-qvml
ETFIQ. (Oct 9, 2026). IWV against QVML. Retrieved from https://etfiq.com/compare/any/iwv-vs-qvml
[IWV against QVML (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/iwv-vs-qvml)
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