IWLG vs QQQ
NYLI Winslow 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 | IWLG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $334M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 42 | 108 | |
| YTD Return | +3.06% | +15.47% | |
| 1Y Return | +7.30% | +24.44% | |
| 3Y Return (annualized) | +21.25% | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 19.1% | 30.6% | |
| Max Drawdown | -23.2% | -83.0% | |
| Fund Family | New York Life Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2022 | Mar 10, 1999 |
IWLG vs QQQ Performance
NYLI Winslow Large Cap Growth ETF (IWLG) 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 IWLG returned +7.30% while QQQ returned +24.44%. Year to date, IWLG is up 3.06% versus a gain of 15.47% for QQQ.
Over three years, IWLG compounded at +21.25% per year against +25.47% for QQQ. Across the full 4-year window we track, IWLG has the edge at +21.04% annualized vs +12.99%. 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 19.1% for IWLG. 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 -23.2% for IWLG 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWLG charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, IWLG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
IWLG and QQQ share 17 holdings out of 127 unique holdings combined, representing a 39.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWLG or QQQ?
IWLG has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IWLG or QQQ?
Over the past year IWLG returned +7.30% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), IWLG annualized +21.04% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWLG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.1% for IWLG. Worst drawdown: IWLG -23.2% vs QQQ -83.0%.
Should I hold both IWLG and QQQ?
IWLG and QQQ have a monthly-return correlation of 0.95, 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 IWLG and QQQ?
IWLG and QQQ share 17 common holdings with a 39.7% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, IWLG or QQQ?
IWLG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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