IYH vs QQQ
iShares US Healthcare ETF vs Invesco QQQ Trust, Series 1
Which is better, IYH or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.5%.
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 | IYH | QQQ |
|---|---|---|
| Expense Ratio | 0.37% | 0.18%Best |
| AUM | $4.0B | $498.6B |
| Dividend Yield | 1.11% | 0.42% |
| Holdings | 104 | 321 |
| YTD Return | +8.61% | +22.67%Best |
| 1Y Return | +17.92% | +24.33%Best |
| 3Y Return (annualized) | +11.00% | +29.05%Best |
| 5Y Return (annualized) | +6.56% | +17.00%Best |
| Volatility (annualized) | 13.7%Best | 22.4% |
| Max Drawdown | -43.5%Best | -80.5% |
| $10,000 over 5 years | $13,740 | $21,924Best |
| Top 10 Weight | 58.5% | 47.2%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 12, 2000 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2000 to Oct 2, 2026 (26.3 years).
IYH 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.
IYH vs QQQ Performance
iShares US Healthcare ETF (IYH) 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 IYH returned +17.92% while QQQ returned +24.33%. Year to date, IYH is up 8.61% versus a gain of 22.67% for QQQ.
Over three years, IYH compounded at +11.00% per year against +29.05% for QQQ; over five years the annualized figures are +6.56% and +17.00% respectively. Across the full 26-year window we track, QQQ has the edge at +8.34% annualized vs +7.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 13.7% for IYH. 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 -43.5% for IYH 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 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IYH charges 0.37% per year while QQQ charges 0.18%. On a $10,000 position that is $37 vs $18 annually, a gap of $19 per year that compounds over a long holding period. On income, IYH currently yields 1.11% against 0.42% for QQQ.
Holdings Overlap
13.8% of IYH's money is in holdings QQQ also owns. 3.8% of QQQ's money is in holdings IYH also owns.
IYH and QQQ share little of their money.
9 positions in common, counted across the 101 positions we hold weights for in IYH and 102 in QQQ, against full books of 104 and 321.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for IYH (94.0% of the fund), and 87 for IYH that do not appear in QQQ (85.0%).
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 IYH | Weight in QQQ | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 3.28% | 0.90% | 2.38% |
| GILDGilead Sciences | 2.88% | 0.79% | 2.09% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.11% | 0.58% | 1.53% |
| ISRGIntuitive Surgical Inc. | 2.10% | 0.58% | 1.52% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.27% | 0.36% | 0.91% |
| IDXXIdexx Labs | 0.64% | 0.18% | 0.46% |
| ALNYAlnylam Pharmaceuticals Inc. | 0.53% | 0.15% | 0.38% |
| DXCMDexcom Inc. | 0.51% | 0.14% | 0.37% |
| GEHCGe Healthcare Technologies Inc | 0.47% | 0.13% | 0.34% |
You are not choosing between two funds in isolation.
Whichever of IYH 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, IYH or QQQ?
IYH has an expense ratio of 0.37% while QQQ charges 0.18%. QQQ is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, IYH or QQQ?
Over the past year IYH returned +17.92% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), IYH annualized +7.02% vs +8.34% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IYH or QQQ?
QQQ has been the more volatile fund at 22.4% annualized versus 13.7% for IYH. Worst drawdown: IYH -43.5% vs QQQ -80.5%.
Should I hold both IYH and QQQ?
IYH and QQQ have a monthly-return correlation of 0.54, 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 IYH and QQQ?
13.8% of IYH's money is in holdings QQQ also owns. 3.8% of QQQ's is in holdings IYH also owns. They hold 9 positions in common, counted across the 101 positions we hold weights for in IYH and 102 in QQQ.
Which pays a higher dividend, IYH or QQQ?
IYH yields 1.11% while QQQ yields 0.42%, so IYH currently pays the higher dividend yield.
Is QQQ better than IYH?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 58.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.