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ETF comparison

IWP vs QQQ

US Mid Cap vs US Large Cap Growth.

iShares Russell Mid-Cap Growth ETF · Invesco QQQ Trust

Holdings overlap

Weighted by ISIN/CUSIP
3.7 %

17 positions appear in both funds. Buying equal dollars of IWP and QQQ would leave roughly 3.7% of each dollar exposed to the same underlying securities.

IWP unmatched 96.1% Shared 3.7% QQQ unmatched 96.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In IWP only
249 positions
Shared
17 positions
In QQQ only
85 positions

Side by side

IWP

iShares Russell Mid-Cap Growth ETF

iShares · US Mid Cap

87 composite / 100
Expense ratio
0.23%
Net assets
$19.35B
TTM yield
0.40%
Top-10 conc.
19.7%
QQQ

Invesco QQQ Trust

Invesco · US Large Cap Growth

83 composite / 100
Expense ratio
0.18%
Net assets
$498.95B
TTM yield
0.44%
Top-10 conc.
45.0%

Sub-score comparison

77
Cost
82
90
Tax efficiency
90
100
Liquidity
100
86
Concentration
50
—
Tracking quality
—
IWP sub-score QQQ

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

QQQ is 5 bps cheaper than IWP. On a $100,000 position that's about $50/yr more in fees for IWP.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with IWP vs QQQ.

Top shared holdings

17 shared in total
# Holding In IWP In QQQ Overlap
1 Datadog, Inc. 2.34% 0.37% 0.37%
2 Astera Labs, Inc. 2.02% 0.36% 0.36%
3 Teradyne, Inc. 2.07% 0.33% 0.33%
4 Lumentum Holdings, Inc. 1.67% 0.29% 0.29%
5 Rocket Lab Corp. 1.49% 0.25% 0.25%
6 Fastenal Co. 1.23% 0.24% 0.24%
7 Microchip Technology, Inc. 1.33% 0.21% 0.21%
8 Take-Two Interactive Software, Inc. 1.25% 0.20% 0.20%
9 Axon Enterprise, Inc. 1.19% 0.20% 0.20%
10 Old Dominion Freight Line, Inc. 0.23% 0.20% 0.20%
11 Electronic Arts, Inc. 0.19% 0.22% 0.19%
12 CoreWeave, Inc. 0.95% 0.19% 0.19%

Only in IWP

249 total
  • Snowflake, Inc. 2.33%
  • Cloudflare, Inc. 2.12%
  • Simon Property Group, Inc. 1.96%
  • Comfort Systems USA, Inc. 1.89%
  • Robinhood Markets, Inc. 1.75%
  • Targa Resources Corp. 1.56%
  • Vistra Corp. 1.46%
  • Cencora, Inc. 1.45%
  • WW Grainger, Inc. 1.39%
  • Rockwell Automation, Inc. 1.25%

Only in QQQ

85 total
  • NVIDIA Corp. 7.60%
  • Apple Inc. 6.67%
  • Micron Technology, Inc. 5.64%
  • Microsoft Corp. 4.35%
  • Advanced Micro Devices, Inc. 4.10%
  • Amazon.com, Inc. 4.02%
  • Tesla, Inc. 3.30%
  • Alphabet Inc. 3.27%
  • Intel Corp. 3.04%
  • Alphabet Inc. 3.02%

Percentages are holdings overlap with the named fund.

Open IWP or QQQ at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.