PWB vs QQQ: Differences, Returns & Fees
PWB and QQQ hold 42% of their weight in the same names, and PWB returned +20.2% over the year. Net assets on Oct 20, 2026: $2.6bn for Invesco Large Cap Growth ETF and $484.7bn for Invesco QQQ Trust, Series 1.
QQQ costs 0.37 points a year less; their one-year returns differ by 2.3 points; QQQ is far larger, $484.7bn against $2.6bn.
| PWB | QQQ | |
|---|---|---|
| Expense ratio | 0.55% | 0.18% |
| Net assets | $2.6bn | $484.7bn |
| Total return, 1 year | +20.2% | +17.9% |
| What it tracks | Dynamic Large Cap Growth Intellidex Index | Nasdaq-100 Index |
| Holdings in common | 42% | |
| Top ten holdings, share of the fund | 36.0% | 47.2% |
| Below its high | 8.9%, high on Jun 22, 2026 | 5.5%, high on Oct 6, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
PWB and QQQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PWB follows Dynamic Large Cap Growth Intellidex Index and QQQ follows Nasdaq-100 Index.
- Holdings in common. 42% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 PWB returned +20.2% and QQQ +17.9% with distributions reinvested, a gap of 2.3 points.
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, PWB and QQQ hold 42% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
42% in common
On the same fields
PWB and QQQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% 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, PWB or QQQ?
- In the year to Oct 20, 2026, with distributions reinvested, PWB returned +20.2% and QQQ +17.9%.
- Which is cheaper, PWB or QQQ?
- QQQ is cheaper, by 0.37 percentage points a year. That is about $37 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, PWB against QQQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/pwb-vs-qqq
ETFIQ. (Oct 20, 2026). PWB against QQQ. Retrieved from https://etfiq.com/compare/any/pwb-vs-qqq
[PWB against QQQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pwb-vs-qqq)
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