PWB vs SQS: Differences, Returns & Fees
PWB and SQS hold 33% of their weight in the same names. Net assets: $2.6bn on Oct 20, 2026 for Invesco Large Cap Growth ETF, and $1.4bn on Jul 31, 2026 for Sapient Quality Select ETF.
PWB costs 0.25 points a year less; PWB is 1.7 times larger.
| PWB | SQS | |
|---|---|---|
| Expense ratio | 0.55% | 0.80% |
| Net assets, as of Jul 31, 2026 | $2.3bn | $1.4bn |
| Total return, 1 year | +20.2% | not published |
| What it tracks | Dynamic Large Cap Growth Intellidex Index | not published |
| Holdings in common | 33% | |
| Top ten holdings, share of the fund | 36.0% | 54.2% |
| Below its high | 8.9%, high on Jun 22, 2026 | 4.1%, high on Aug 13, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, PWB and SQS hold 33% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.
half
33% in common
On the same fields
PWB and SQS 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 SQS
The prospectus expense ratio is 0.80% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 54.2%. It sat 4.1% below its high of Aug 13, 2026 on Oct 20, 2026.
Questions people ask
- Which is cheaper, PWB or SQS?
- PWB is cheaper, by 0.25 percentage points a year. That is about $25 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.
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ETFIQ, PWB against SQS, data as of Oct 20, 2026. https://etfiq.com/compare/any/pwb-vs-sqs
ETFIQ. (Oct 20, 2026). PWB against SQS. Retrieved from https://etfiq.com/compare/any/pwb-vs-sqs
[PWB against SQS (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pwb-vs-sqs)
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