IWN vs QQQ
iShares Russell 2000 Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. IWN delivered stronger 1-year returns. IWN offers more diversification with 1,408 holdings.
Side-by-Side Comparison
| Metric | IWN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $14.7B | $496.3B | |
| Dividend Yield | 1.44% | 0.44% | |
| Holdings | 1,408 | 108 | |
| YTD Return | +23.72% | +16.64% | |
| 1Y Return | +37.44% | +27.27% | |
| 3Y Return (annualized) | +19.15% | +25.96% | |
| 5Y Return (annualized) | +9.13% | +14.54% | |
| Volatility (annualized) | 19.6% | 30.6% | |
| Max Drawdown | -62.9% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 24, 2000 | Mar 10, 1999 |
IWN vs QQQ Performance
iShares Russell 2000 Value ETF (IWN) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IWN returned +37.44% while QQQ returned +27.27%. Year to date, IWN is up 23.72% versus a gain of 16.64% for QQQ.
Over three years, IWN compounded at +19.15% per year against +25.96% for QQQ; over five years the annualized figures are +9.13% and +14.54% respectively. Across the full 26-year window we track, QQQ has the edge at +13.03% annualized vs +7.92%. 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 19.6% for IWN. 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 -62.9% for IWN 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IWN charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, IWN currently yields 1.44% against 0.44% for QQQ.
Holdings Overlap
IWN and QQQ share 0 holdings out of 1336 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWN or QQQ?
IWN has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IWN or QQQ?
Over the past year IWN returned +37.44% vs +27.27% for QQQ, so IWN leads on 1-year performance. Over the longest common window we track (26 years), IWN annualized +7.92% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.6% for IWN. Worst drawdown: IWN -62.9% vs QQQ -83.0%.
Should I hold both IWN and QQQ?
IWN and QQQ have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWN and QQQ?
IWN and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1336 unique securities.
Which pays a higher dividend, IWN or QQQ?
IWN yields 1.44% while QQQ yields 0.44%, so IWN currently pays the higher dividend yield.
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