IWD vs QQQ
iShares Russell 1000 Value ETF vs Invesco QQQ Trust, Series 1
Which is better, IWD or QQQ?
Large Cap Value against Large Cap Growth.
IWD led over 1Y, QQQ over 3Y, 5Y and the full window. IWD is less concentrated, with 28.6% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IWD | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $83.6B | $483.5B |
| Dividend Yield | 1.36% | 0.44% |
| Holdings | 874 | 107 |
| YTD Return | +20.34% | +22.20%Best |
| 1Y Return | +26.73%Best | +24.58% |
| 3Y Return (annualized) | +20.20% | +28.38%Best |
| 5Y Return (annualized) | +12.02% | +15.80%Best |
| Volatility (annualized) | 15.1%Best | 22.5% |
| Max Drawdown | -61.9%Best | -80.5% |
| $10,000 over 5 years | $17,639 | $20,823Best |
| Top 10 Weight | 28.6%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | May 22, 2000 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2000 to Sep 22, 2026 (26.3 years).
IWD vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
IWD vs QQQ Performance
iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IWD returned +26.73% while QQQ returned +24.58%. Year to date, IWD is up 20.34% versus a gain of 22.20% for QQQ.
Over three years, IWD compounded at +20.20% per year against +28.38% for QQQ; over five years the annualized figures are +12.02% and +15.80% respectively. Across the full 26-year window we track, QQQ has the edge at +9.11% annualized vs +6.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 22.5% compared with 15.1% for IWD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -61.9% for IWD and -80.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWD charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, IWD currently yields 1.36% against 0.44% for QQQ.
Holdings Overlap
29.3% of IWD's money is in holdings QQQ also owns. 46.6% of QQQ's money is in holdings IWD also owns.
The two portfolios partly overlap.
52 positions in common, counted across the 757 positions we hold weights for in IWD and 102 in QQQ, against full books of 874 and 107.
What only one of them owns
Our book lists 44 positions for QQQ that do not appear in our book for IWD (51.0% of the fund), and 638 for IWD that do not appear in QQQ (67.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IWD | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.57% | 7.27% | 1.70% |
| AMZNAmazon.Com Inc | 6.13% | 4.67% | 1.46% |
| MSFTMicrosoft Corp | 5.00% | 5.76% | 0.76% |
| WMTWalmart, Inc. | 1.12% | 2.41% | 1.29% |
| METAMeta Platforms Inc | 0.61% | 2.78% | 2.17% |
| INTCIntel Corporation | 1.08% | 2.23% | 1.15% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.16% | 2.10% | 0.94% |
| COSTCostco Wholesale Corp. | 0.63% | 1.84% | 1.21% |
| LINLinde Plc Ordinary Shares | 0.60% | 1.00% | 0.40% |
| PEPPepsico Inc. | 0.45% | 0.83% | 0.38% |
46.6% of QQQ is already inside IWD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWD or QQQ?
IWD has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, IWD or QQQ?
Over the past year IWD returned +26.73% vs +24.58% for QQQ, so IWD leads on 1-year performance. Over the longest common window we track (26 years), IWD annualized +6.36% vs +9.11% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWD or QQQ?
QQQ has been the more volatile fund at 22.5% annualized versus 15.1% for IWD. Worst drawdown: IWD -61.9% vs QQQ -80.5%.
Should I hold both IWD and QQQ?
IWD and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IWD and QQQ?
46.6% of QQQ's money is in holdings IWD also owns. 46.6% of QQQ's is in holdings IWD also owns. They hold 52 positions in common, counted across the 757 positions we hold weights for in IWD and 102 in QQQ.
Which pays a higher dividend, IWD or QQQ?
IWD yields 1.36% while QQQ yields 0.44%, so IWD currently pays the higher dividend yield.
Is QQQ better than IWD?
IWD led over 1Y, QQQ over 3Y, 5Y and the full window. IWD is less concentrated, with 28.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.