IWFG vs QQQ
NYLI Winslow Focused Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | IWFG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.18% | |
| AUM | $63M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 30 | 108 | |
| YTD Return | +5.33% | +19.52% | |
| 1Y Return | +5.74% | +26.68% | |
| 3Y Return (annualized) | +23.07% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 18.5% | 30.6% | |
| Max Drawdown | -22.0% | -83.0% | |
| Fund Family | New York Life Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2022 | Mar 10, 1999 |
IWFG vs QQQ Performance
NYLI Winslow Focused Large Cap Growth ETF (IWFG) is a ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IWFG returned +5.74% while QQQ returned +26.68%. Year to date, IWFG is up 5.33% versus a gain of 19.52% for QQQ.
Over three years, IWFG compounded at +23.07% per year against +26.64% for QQQ. Across the full 4-year window we track, IWFG has the edge at +23.06% annualized vs +13.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.5% for IWFG. 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 -22.0% for IWFG and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWFG charges 0.46% per year while QQQ charges 0.18%. On a $10,000 position that is $46 vs $18 annually, a gap of $28 per year that compounds over a long holding period. On income, IWFG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
IWFG and QQQ share 14 holdings out of 116 unique holdings combined, representing a 37.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWFG or QQQ?
IWFG has an expense ratio of 0.46% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, IWFG or QQQ?
Over the past year IWFG returned +5.74% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), IWFG annualized +23.06% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWFG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.5% for IWFG. Worst drawdown: IWFG -22.0% vs QQQ -83.0%.
Should I hold both IWFG and QQQ?
IWFG and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IWFG and QQQ?
IWFG and QQQ share 14 common holdings with a 37.7% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, IWFG or QQQ?
IWFG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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