Data as of Oct 28, 2026.

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IYR vs QQQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to QQQ's +15.2%; 0% of their weight is in the same names.

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Net assets: $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.

At a glance
+3.4%
IYR total return, 1 year
+15.2%
QQQ total return, 1 year
0.37%
IYR expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 0.19 points a year less; their one-year returns differ by 11.8 points; QQQ is far larger, $476.7bn against $4.0bn.

IYR vs QQQ: Differences, Returns & Fees
MeasureIYRQQQ
Return
Total return, 1 year+3.4%+15.2%
Drawdown
Below its high8.6%, high on Jul 28, 20264.5%, high on Oct 6, 2026
Benchmark
What it tracksDow Jones U.S. Real Estate Capped IndexNasdaq-100 Index
Cost and size
Expense ratio0.37%0.18%
Net assets, as of Oct 26, 2026$4.0bn$476.7bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund52.5%46.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jun 30, 2000 to Oct 23, 2026 · 1,373 weekly returns
IYR QQQ
Return
Total return edge QQQ +685.9% +794.4%
Annualized edge QQQ (slight) +8.1% +8.7%
Price return edge QQQ +178.2% +653.9%
Risk
Volatility edge Tie 23.1% 23.0%
Max drawdown edge IYR (slight) −73.5% −80.2%
Risk-adjusted
Sharpe edge QQQ (slight) 0.38 0.40
Sortino edge QQQ (slight) 0.54 0.57
Calmar edge IYR (slight) 0.11 0.11
Reading

QQQ returned more: +794.4% to +685.9%. IYR and QQQ swung about the same: 23.1% and 23.0%. IYR fell slightly less at its worst: −73.5% to −80.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IYR vs QQQ: Differences, Returns & Fees
MeasureIYRQQQEdgeHow it is measured
Return
Total return+685.9%+794.4%QQQPrice change plus distributions, reinvested.
Annualized+8.1%+8.7%QQQ (slight)Total return as a yearly rate.
Price return+178.2%+653.9%QQQPrice change alone, distributions left out.
Risk
Volatility23.1%23.0%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation16.0%16.2%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−73.5%−80.2%IYR (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.380.40QQQ (slight)Return above Treasury bills per unit of volatility.
Sortino0.540.57QQQ (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.110.11IYR (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,373 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, IYR and QQQ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IYR QQQ
Only in one fund ↓
Only in IYR
WELLTOWER 9.85%
PROLOGIS REIT 8.77%
AMERICAN TOWER REIT 4.96%
SIMON PROPERTY GROUP REIT INC 4.71%
EQUINIX REIT 4.57%
DIGITAL REALTY TRUST REIT 4.54%
REALTY INCOME REIT 4.19%
PUBLIC STORAGE REIT 4.10%
Only in QQQ
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.92%
Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF QQQ Invesco QQQ Trust, Series 1
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Real Estate Tracks the Nasdaq-100
Total return, 1 year +3.4% +15.2%
Its benchmark over the same days not measured +15.2% (QQQM)
Gap to its benchmark not measured 0.0 pts vs QQQM
Expense ratio 0.37% 0.18%
Already in the S&P 500 80.0% 95.7%
Holdings 59 103
Net assets, IYR as of Oct 28, 2026 and QQQ as of Oct 27, 2026 $3.9bn $483.0bn

IYR and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-64AC7402DF

IYR and QQQ do different jobs. What does each one do in a portfolio?

  1. What each follows. IYR follows Dow Jones U.S. Real Estate Capped Index and QQQ follows Nasdaq-100 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IYR returned +3.4% and QQQ +15.2% with distributions reinvested, a gap of 11.8 points.

Data as of Oct 28, 2026.

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About each fund
IYR

IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% 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 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYR or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and QQQ +15.2%.
Which is cheaper, IYR or QQQ?
QQQ is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYR and QQQ overlap with the S&P 500?
By their latest filed holdings, 80% of IYR and 96% of QQQ by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, IYR against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-qqq

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