What is the expense ratio of IWF vs QQQ?

IWF has an expense ratio of 0.18%, while QQQ has an expense ratio of 0.18%.

IWF vs QQQ

iShares Russell 1000 Growth ETF vs Invesco QQQ Trust

Last updated: 2026-04-02

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: $108.0B ER: 0.18% Yield: 0.39% Since: May 22, 2000

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

Quick Verdict

Over the past year, QQQ has significantly outperformed with a 23.6% return vs 18.2%.

Key Metrics

Metric	IWF	QQQ
Expense Ratio	0.18%	0.18%
Dividend Yield	0.4%	0.5%
Fund Family	iShares	Invesco
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

IWF +71.3%

QQQ +76.5%

Performance Comparison

Period	IWF	QQQ	Difference
1 Month	-4.73%	-3.91%	-0.82%
3 Months	-8.83%	-4.70%	-4.13%
6 Months	-8.48%	-3.13%	-5.35%
YTD	-8.83%	-4.70%	-4.13%
1 Year	+18.20%	+23.61%	-5.41%
3 Years	+75.80%	+82.51%	-6.71%
5 Years	+71.26%	+76.50%	-5.24%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	IWF Fees	QQQ Fees	You Save
$10.000	10 years	$357	$357	$0
$10.000	20 years	$1.529	$1.529	$0
$10.000	30 years	$4.912	$4.912	$0
$50.000	10 years	$1.786	$1.786	$0
$50.000	30 years	$24.558	$24.558	$0
$100.000	30 years	$49.116	$49.116	$0

Risk Metrics

Based on 5 years of daily returns

Metric	IWF	QQQ
Annualized Volatility	21.4%	22.4%
Max Drawdown	-33.1%	-35.6%
Sharpe Ratio	0.40	0.42

Dividend Comparison

Metric	IWF	QQQ
Annual Dividend (per share)	$1.69	$2.81
Dividend Yield	0.39%	0.48%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

IWF Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.82%
Apple Inc.AAPL	11.79%
Microsoft CorporationMSFT	8.78%
Broadcom Inc.AVGO	4.81%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.57%
Meta Platforms, Inc.META	3.28%
Alphabet Inc.GOOG	2.83%
Eli Lilly and CompanyLLY	2.62%

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.55%
Apple Inc.AAPL	7.67%
Microsoft CorporationMSFT	5.56%
Amazon.com, Inc.AMZN	4.49%
Tesla, Inc.TSLA	3.79%
Walmart Inc.WMT	3.48%
Meta Platforms, Inc.META	3.26%
Alphabet Inc.GOOG	3.13%
Broadcom Inc.AVGO	2.99%

Which One Should You Choose?

Choose QQQ if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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