IWMW vs QQQ
iShares Russell 2000 BuyWrite ETF vs Invesco QQQ Trust, Series 1
Which is better, IWMW or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | IWMW | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $56M | $498.6B |
| Dividend Yield | 20.34% | 0.42% |
| Holdings | 12 | 321 |
| YTD Return | -3.47% | +24.32%Best |
| 1Y Return | -4.29% | +25.59%Best |
| 3Y Return (annualized) | - | +28.30% |
| 5Y Return (annualized) | - | +16.83% |
| Volatility (annualized) | 12.3%Best | 17.3% |
| Max Drawdown | -21.8%Best | -22.8% |
| $10,000 over 2.6 years | $10,933 | $17,919Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Mar 14, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 15, 2024 to Oct 6, 2026 (2.6 years).
IWMW 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 2.6 years both funds cover.
IWMW vs QQQ Performance
iShares Russell 2000 BuyWrite ETF (IWMW) 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 IWMW returned -4.29% while QQQ returned +25.59%. Year to date, IWMW is down 3.47% versus a gain of 24.32% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.3% for IWMW. 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 -21.8% for IWMW and -22.8% 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 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IWMW charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, IWMW currently yields 20.34% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 2 holdings in IWMW and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in IWMW and 102 in QQQ, against full books of 12 and 321.
You are not choosing between two funds in isolation.
Whichever of IWMW and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWMW or QQQ?
IWMW has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, IWMW or QQQ?
Over the past year IWMW returned -4.29% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWMW or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 12.3% for IWMW. Worst drawdown: IWMW -21.8% vs QQQ -22.8%.
Should I hold both IWMW and QQQ?
IWMW and QQQ have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IWMW or QQQ?
IWMW yields 20.34% while QQQ yields 0.42%, so IWMW currently pays the higher dividend yield.
Is QQQ better than IWMW?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.