Dividend comparison

QQQM vs IWF: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco NASDAQ 100 ETF and iShares Russell 1000 Growth ETF, side by side. Updated October 21, 2026.

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QQQM vs IWF: key differences
The short answer, from the latest data on this page.
  • Fees. QQQM is cheaper at 0.15% a year versus 0.18% for IWF. On $10,000 that is $3 a year less in fees.
  • Income. Their trailing yields are almost the same: 0.45% for QQQM and 0.35% for IWF. Both pay quarterly.
  • Performance. Over the last 5 years, QQQM returned 97.0% versus 73.9% for IWF, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $17,388 in IWF.
  • Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.0%, against -32.7% for IWF.
  • Diversification. IWF holds 372 positions and QQQM holds 103. The ten largest positions make up 47.2% of QQQM and 57.8% of IWF.
  • Overlap. 58% of the two portfolios overlap by weight, across 49 shared holdings.
  • Dividend growth. QQQM grew its yearly payout 17.8% a year over the last 4 years, versus 2.9% for IWF.

Bottom line: QQQM fits better if you care most about lower fees, stronger 5-year returns and faster dividend growth. IWF fits better if you care most about broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQM
Invesco NASDAQ 100 ETF
IWF
iShares Russell 1000 Growth ETF
Dividend yield (TTM)0.45%0.35%
Dividend / share (TTM)$1.32$0.43
Payout frequencyQuarterlyQuarterly
Last dividend$0.3127 on Sep 25, 2026$0.1089 on Sep 18, 2026
Ex-dividend dateSep 21, 2026Sep 15, 2026
Dividend growth (CAGR)17.8% over 4 yrs2.9% over 4 yrs
Price$295.59$122.41
Beta1.231.17
Max drawdown (5Y)-35.0%-32.7%
Market cap$78.87B$124.78B
ExchangeNASDAQAMEX
Expense ratio0.15%0.18%
Assets under management$108.58B$125.03B
Number of holdings103372
Top 10 concentration47.2%57.8%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQM

$3.71/mo

$45 /yr at 0.45% yield

IWF

$2.94/mo

$35 /yr at 0.35% yield

Dividend history
Total dividends paid per share in each calendar year. QQQM pays quarterly; IWF pays quarterly.
YearQQQMIWF
2025$1.2592$0.4239
2024$1.2755$0.4596
2023$1.0965$0.5067
2022$0.9145$0.4873
2021$0.6549$0.3781
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.

Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.

What QQQM vs IWF actually do

QQQM
Invesco's cheaper Nasdaq-100 fund, holding the same index as QQQ and aimed at buy-and-hold investors.

Launched in 2020 as an open-end fund, it holds identical constituents at identical weights to its older sibling and charges a lower expense ratio. The gap in fee is small in any one year but compounds across a long holding period, which is the entire reason the fund exists. What it gives up is trading depth: spreads are wider and the options market on it is thin next to QQQ's.

Suits a long-term holder accumulating Nasdaq-100 exposure inside a retirement or taxable account. Not the right choice for active traders or anyone writing options against the position.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $19,699 in QQQM and $17,388 in IWF.
PeriodQQQMIWF
1 month-0.34%-0.68%
3 months3.24%2.56%
Year to date16.87%3.73%
1 year17.41%3.98%
3 years105.29%87.49%
5 years96.99%73.88%
  • QQQM
  • IWF
61139216202120222023202420252026197174

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • QQQM
  • IWF
0%15%29%44%59%Technology58.8%55.4%Information Technology54.8%Communication Services12.1%15.8%Consumer Cyclical10.2%8.1%Communication16.9%Industrials5.5%7.3%Healthcare4.4%5.6%Consumer Discretionary7.5%Consumer Defensive6.1%1.2%Health Care5.8%Other2.9%12.9%
QQQM vs IWF holdings overlap
58% overlap by weight, with 49 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsQQQM weightIWF weight
NVDANVIDIA Corp8.17%15.20%
AAPLApple Inc7.82%8.06%
MSFTMicrosoft Corp6.19%5.95%
METAMeta Platforms Inc3.28%3.81%
GOOGLAlphabet Inc3.15%6.02%
MUMicron Technology Inc4.41%3.06%
TSLATesla Inc3.02%3.23%
GOOGAlphabet Inc2.94%4.86%
AMDAdvanced Micro Devices Inc3.79%2.63%
AVGOBroadcom Inc2.49%4.67%
Top 10 holdings
Largest positions by portfolio weight.

QQQM103 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

IWF372 holdings total

NameWeight
NVDANVIDIA15.20%
AAPLAPPLE8.06%
GOOGLALPHABET CLASS A6.02%
MSFTMICROSOFT5.95%
GOOGALPHABET CLASS C4.86%
AVGOBROADCOM INC4.67%
METAMETA PLATFORMS CLASS A3.81%
TSLATESLA INC3.23%
MUMICRON TECHNOLOGY3.06%
LLYELI LILLY2.97%

Quick verdict

QQQM fits better if you care most about lower fees, stronger 5-year returns and faster dividend growth. IWF fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QQQM or IWF better for dividend income?
It depends on your goals. QQQM currently yields 0.45% Trailing Twelve Months (TTM) while IWF yields 0.35%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QQQM and IWF?
Invesco NASDAQ 100 ETF (QQQM) is an ETF listed on NASDAQ. iShares Russell 1000 Growth ETF (IWF) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QQQM or IWF?
QQQM has the lower expense ratio. QQQM charges 0.15% a year and IWF charges 0.18%, a difference of $3 a year on a $10,000 investment.
Which has performed better, QQQM or IWF?
Over the last 5 years, QQQM has the higher total return with dividends reinvested: QQQM returned 97.0% and IWF returned 73.9%. Past performance does not predict future returns.
Which is riskier, QQQM or IWF?
Measured by the worst peak-to-trough decline over the last five years, QQQM has been riskier: QQQM fell as much as 35.0% and IWF as much as 32.7%. Their betas are 1.23 and 1.17.
How much do QQQM and IWF overlap?
About 58% of the two portfolios overlap by weight, across 49 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQM and IWF pay dividends?
Both pay quarterly. The most recent payments were $0.3127 for QQQM and $0.1089 for IWF.
How much income does $10,000 in QQQM vs IWF generate?
At current TTM yields, $10,000 in QQQM would generate roughly $3.71 per month ($45 annually). The same amount in IWF would produce about $2.94 per month ($35 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQM and IWF?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QQQM vs IWF with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQM and IWF fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.