IWY vs QQQ: Differences, Returns & Fees
IWY and QQQ hold 61% of their weight in the same names, and QQQ returned +17.9% over the year. Net assets on Oct 20, 2026: $15.8bn for iShares Russell Top 200 Growth ETF and $484.7bn for Invesco QQQ Trust, Series 1.
QQQ costs 0.02 points a year less; their one-year returns differ by 13.2 points; QQQ is far larger, $484.7bn against $15.8bn.
| IWY | QQQ | |
|---|---|---|
| Expense ratio | 0.20% | 0.18% |
| Net assets | $15.8bn | $484.7bn |
| Total return, 1 year | +4.7% | +17.9% |
| What it tracks | Russell Top 200 Growth Index | Nasdaq-100 Index |
| Holdings in common | 61% | |
| Top ten holdings, share of the fund | 60.9% | 47.2% |
| Below its high | 5.2%, high on Oct 6, 2026 | 5.5%, high on Oct 6, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
IWY and QQQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWY follows Russell Top 200 Growth Index and QQQ follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 20, 2026 IWY returned +4.7% and QQQ +17.9% with distributions reinvested, a gap of 13.2 points.
- Size. IWY has $15.8bn in net assets and QQQ $484.7bn (Net assets); QQQ is 30.7 times larger.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, IWY and QQQ hold 61% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
61% in common
On the same fields
IWY and QQQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About IWY
IWY tracks an index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 19, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 60.9%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +4.7% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 20, 2026 it returned +17.9% with distributions reinvested, against +18.0% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 19, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 47.2%. It sat 5.5% below its high of Oct 6, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, IWY or QQQ?
- In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and QQQ +17.9%.
- Which is cheaper, IWY or QQQ?
- QQQ 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.
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, IWY against QQQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-qqq
ETFIQ. (Oct 20, 2026). IWY against QQQ. Retrieved from https://etfiq.com/compare/any/iwy-vs-qqq
[IWY against QQQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/iwy-vs-qqq)
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