Data as of Oct 28, 2026.
IYW vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IYW returned +23.2% to QQQ's +15.2%; 58% of their weight is in the same names.
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Net assets on Oct 27, 2026: $25.0bn for iShares U.S. Technology ETF and $483.0bn for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.19 points a year less; their one-year returns differ by 8.0 points; QQQ is 19.3 times larger.
| Measure | IYW | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.2% | +15.2% |
| Drawdown | ||
| Below its high | 5.5%, high on Oct 6, 2026 | 4.5%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | Russell 1000 Technology RIC 22 | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.37% | 0.18% |
| Net assets, as of Oct 27, 2026 | $25.0bn | $483.0bn |
| Holdings | ||
| Holdings in common | 58% | |
| Top ten holdings, share of the fund | 65.1% | 46.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 26, 2000 to Oct 23, 2026 · 1,378 weekly returnsEach against its own benchmark: IYW against IWB, May 26, 2000 to Oct 23, 2026; QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026.
IYW returned slightly more: +997.9% to +974.9%. QQQ swung slightly less: 23.3% to 25.2%. IYW and QQQ fell about the same at their worst: −81.3% and −80.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IYW | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +997.9% | +974.9% | IYW (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.5% | +9.4% | Tie | Total return as a yearly rate. |
| Price return | +846.7% | +806.0% | IYW (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 25.2% | 23.3% | QQQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.4% | 16.2% | QQQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −81.3% | −80.2% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 146.1% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 116.0% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.19 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.70 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.42 | 0.43 | QQQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.60 | 0.61 | QQQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.088 | 0.145 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.12 | 0.12 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | QQQM | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.32 | −0.58 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.4% to +6.1% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 14.2% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,378 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IYW and QQQ hold 58% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
58% in common
Only in one fund ↓
Side by side
IYW and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IYW and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. IYW follows Russell 1000 Technology RIC 22 and QQQ follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and QQQ +15.2% with distributions reinvested, a gap of 8.0 points.
- Cost. IYW charges 0.37% of assets a year and QQQ 0.18%, a gap of 0.19 points.
Data as of Oct 28, 2026.
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IYW
IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 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, IYW or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and QQQ +15.2%.
- Which is cheaper, IYW 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.
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, IYW against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-qqq
ETFIQ. (Oct 28, 2026). IYW against QQQ. Retrieved from https://etfiq.com/compare/any/iyw-vs-qqq
[IYW against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iyw-vs-qqq)
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