IWY vs QQQM: Differences, Returns & Fees
IWY and QQQM hold 61% of their weight in the same names, and QQQM returned +18.0% over the year. Net assets on Oct 20, 2026: $15.8bn for iShares Russell Top 200 Growth ETF and $108.5bn for Invesco NASDAQ 100 ETF.
QQQM costs 0.05 points a year less; their one-year returns differ by 13.3 points; QQQM is 6.9 times larger.
| IWY | QQQM | |
|---|---|---|
| Expense ratio | 0.20% | 0.15% |
| Net assets | $15.8bn | $108.5bn |
| Total return, 1 year | +4.7% | +18.0% |
| 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 QQQM 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 QQQM follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 20, 2026 IWY returned +4.7% and QQQM +18.0% with distributions reinvested, a gap of 13.3 points.
- Size. IWY has $15.8bn in net assets and QQQM $108.5bn (Net assets); QQQM is 6.9 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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, IWY and QQQM 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 QQQM 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 QQQM
QQQM tracks the Nasdaq-100. Over the year to Oct 20, 2026 it returned +18.0% with distributions reinvested, against +17.9% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.15% 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 105 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 QQQM?
- In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and QQQM +18.0%.
- Which is cheaper, IWY or QQQM?
- QQQM is cheaper, by 0.05 percentage points a year. That is about $5 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 QQQM, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-qqqm
ETFIQ. (Oct 20, 2026). IWY against QQQM. Retrieved from https://etfiq.com/compare/any/iwy-vs-qqqm
[IWY against QQQM (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/iwy-vs-qqqm)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.