IQQ vs QQQ: Grades, Fees and Holdings Compared

iShares Nasdaq 100 ETF

IQQANasdaq

Invesco QQQ Trust, Series 1

QQQANasdaq

Overlap

99.7%by weight

Both track Nasdaq-100 Index

Expense ratio

IQQ −0.08pt a year

IQQ0.10%QQQ0.18%

Avg volume · 30D

QQQ 33.7×the volume

IQQ1.1MQQQ37.1M

IQQ vs QQQ Performance

Aug 5, 2026 – Nov 5, 2026

−9.5%IQQ−9.7%QQQ

Expense ratio: IQQ 0.10%, better; QQQ 0.18%
Fund size: IQQ $769M; QQQ $469B
1Y total return: IQQ No data; QQQ +4.3%
Yield (12M): IQQ No data; QQQ 0.48%
Holdings: IQQ 103; QQQ 105
Avg volume (30D): IQQ 1.1M sh; QQQ 37.1M sh, better
NAV per share: IQQ $23.41; QQQ $691.74
52W range

ETF.net Grade

Pillar letters and Scores for IQQ, QQQ, with each pillar’s weight
Pillar	IQQ	QQQ
Cost30% weight	A88Higher	B64
Mission25% weight	Not scored	A100
Risk15% weight	C49	C50Higher
Tradability15% weight	B65	A93Higher
Holdings10% weight	B61	B61
Durability5% weight	B60	A81Higher

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. IQQ and QQQ are both graded against the same 10 Nasdaq-100 funds, so their Grades compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QQQ ranks 2nd and IQQ 3rd of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 4BQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 67

Our read on each fund

ETF.net Research

IQQAiShares Nasdaq 100 ETF

QQQAInvesco QQQ Trust, Series 1

In short

IQQ No data

QQQ The 1999 original. QQQ tracks the Nasdaq-100, roughly 100 of the largest non-financial companies listed on the Nasdaq, and has become one of the most heavily traded funds on the market.

Stated mandate

IQQ No data

QQQ The trust is designed to match the pre-expense investment performance of the Nasdaq-100 Index.

Why people hold it

IQQ No data

QQQ Launched in 1999, it is one of the longest-running ETFs in the US and one of the most actively traded, which usually means tight spreads and easy fills at size.
The mandate is simple: match the Nasdaq-100 before expenses. Tracking has stayed about as close to the index as this structure allows.
At 0.18%, the fee sits below the typical Nasdaq-100 tracker, and the fund is one of the largest ETFs in existence.
The index screens out financial companies, so you own Nasdaq-listed tech, consumer and healthcare heavyweights rather than a broad slice of the market.nasdaq.com

Worth knowing

IQQ No data

QQQ Invesco's own QQQM follows the same index for 0.15%. QQQ's edge is trading depth, not price.
About 100 market-cap-weighted names with no financials: the biggest few carry a lot of the index, and sector swings land harder than in a total-market fund.nasdaq.com
Income is a side effect here, not the point. Distributions are paid quarterly and the index leans toward growth companies.nasdaq.com

Full IQQ profile⁠

Full QQQ profile⁠

IQQ vs QQQ Holdings

How IQQ and QQQ differ

Overlap by weight

99.7%

Shared holdings make up 99.9% of IQQ and 99.8% of QQQ.

Level by level

Sector10 Sectors98.4%
Asset classStocks100%
Countryby domicile99.98%
Holdings101 in both99.7%

Sector

Sector weights in IQQ and QQQ, widest gap first
Sector	Gap	IQQ	QQQ
Technology	QQQ +1.4 points	57.9%	59.3%
Consumer Discretionary	IQQ +0.5 points	11.0%	10.5%
Consumer Staples	IQQ +0.5 points	6.8%	6.3%
Health Care	IQQ +0.4 points	4.8%	4.4%
Industrials	QQQ +0.2 points	5.4%	5.6%
Communication	IQQ +0.1 points	11.1%	11.0%
Utilities	IQQ +0.1 points	1.2%	1.1%
Materials	IQQ +0.1 points	1.1%	1.0%
Energy	Same weight	0.5%	0.5%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in IQQ and QQQ, widest gap first
Country	Gap	IQQ	QQQ
United States	Same weight	97.3%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	Same weight	0.9%	0.9%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

IQQ46.9%
QQQ46.9%

Securities held

IQQ101
QQQ101

Asset class

IQQ: Stocks
QQQ: Stocks

Holdings

Only in IQQ0
In both101
Only in QQQ0

Only in IQQ

0 securities, 0.0% of IQQ by weight

Only in QQQ

0 securities, 0.0% of QQQ by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in IQQ and QQQ, widest gap first
Holding	Gap	IQQ	QQQ
AppleAAPL	IQQ +0.01 points	8.28%	8.27%
MicrosoftMSFT	IQQ +0.01 points	6.70%	6.69%
Amgen IncAMGN	IQQ +0.01 points	1.17%	1.16%
Linde PLCLIN	QQQ +0.01 points	1.07%	1.08%
IntuitINTU	QQQ +0.01 points	0.43%	0.44%
Cadence Design SystemsCDNS	Same weight	0.41%	0.41%
Regeneron PharmaceuticalsREGN	QQQ +0.01 points	0.41%	0.42%
MercadolibreMELI	Same weight	0.39%	0.39%
Advanced Micro DevicesAMD	QQQ +0.01 points	3.56%	3.57%
Analog DevicesADI	QQQ +0.01 points	0.87%	0.88%
Axon EnterpriseAXON	Same weight	0.15%	0.15%
TeradyneTER	Same weight	0.18%	0.18%
Automatic Data Processing IncADP	IQQ +0.01 points	0.55%	0.54%
Ross Stores IncROST	Same weight	0.35%	0.35%
Tesla IncTSLA	IQQ +0.01 points	3.29%	3.28%
Intuitive SurgicalISRG	IQQ +0.01 points	0.77%	0.76%
SandiskSNDK	QQQ +0.01 points	0.67%	0.68%
Booking HoldingsBKNG	IQQ +0.01 points	0.58%	0.57%
Lam ResearchLRCX	Same weight	1.24%	1.24%
Amazon.com IncAMZN	IQQ +0.01 points	4.66%	4.65%
Asml Holding Adr RepresentingASML	Same weight	0.63%	0.63%
Applied Material IncAMAT	Same weight	1.31%	1.31%
Adobe IncADBE	IQQ +0.01 points	0.45%	0.44%
Texas InstrumentTXN	Same weight	1.27%	1.27%
Airbnb Class AABNB	IQQ +0.01 points	0.34%	0.33%
Monolithic Power Systems IncMPWR	QQQ +0.01 points	0.27%	0.28%
Costco Wholesale CorpCOST	Same weight	2.08%	2.08%
Meta Platforms Class AMETA	QQQ +0.01 points	3.03%	3.04%
Roper TechnologiesROP	QQQ +0.01 points	0.21%	0.22%
Nxp Semiconductors NVNXPI	Same weight	0.30%	0.30%
AutodeskADSK	IQQ +0.01 points	0.26%	0.25%
Applovin Class AAPP	Same weight	0.37%	0.37%
NVIDIANVDA	Same weight	7.82%	7.82%
Alnylam PharmaceuticalsALNY	Same weight	0.10%	0.10%
Palantir Technologies Class APLTR	QQQ +0.01 points	1.76%	1.77%
Honeywell International IncHON	Same weight	0.32%	0.32%
Broadcom IncAVGO	Same weight	2.51%	2.51%
Old Dominion Freight LineODFL	Same weight	0.17%	0.17%
Shopify Subordinate Voting Class ASHOP	Same weight	0.83%	0.83%
CintasCTAS	Same weight	0.41%	0.41%
Arm Holdings American Depositary’sARM	Same weight	0.37%	0.37%
Diamondback EnergyFANG	Same weight	0.23%	0.23%
Lumentum HoldingsLITE	Same weight	0.25%	0.25%
Astera LabsALAB	Same weight	0.17%	0.17%
Palo Alto NetworksPANW	Same weight	1.27%	1.27%
Seagate Technology Holdings PLCSTX	Same weight	0.57%	0.57%
Marvell TechnologyMRVL	Same weight	0.63%	0.63%
Honeywell Aerospace IncHONA	Same weight	0.22%	0.22%
WalmartWMT	Same weight	2.81%	2.81%
Strategy Inc Class AMSTR	Same weight	0.23%	0.23%
KlaKLAC	Same weight	0.88%	0.88%
Workday Class AWDAY	QQQ +0.01 points	0.17%	0.18%
Microchip Technology IncMCHP	IQQ +0.01 points	0.19%	0.18%
NetflixNFLX	Same weight	1.24%	1.24%
Constellation Energy CorpCEG	Same weight	0.39%	0.39%
Space Exploration Technologies CorSPCX	Same weight	2.61%	2.61%
Alphabet Class CGOOG	IQQ +0.01 points	2.58%	2.57%
Mondelez International Class AMDLZ	IQQ +0.01 points	0.39%	0.38%
Take Two Interactive SoftwareTTWO	IQQ +0.01 points	0.18%	0.17%
Thomson Reuters CorpTRI	Same weight	0.20%	0.20%
FortinetFTNT	IQQ +0.01 points	0.43%	0.42%
Marriott International Class AMAR	Same weight	0.50%	0.50%
Western Digital CorpWDC	Same weight	0.52%	0.52%
Starbucks CorpSBUX	Same weight	0.56%	0.56%
Ferrovial NVFER	Same weight	0.19%	0.19%
Doordash Class ADASH	Same weight	0.36%	0.36%
American Electric Power IncAEP	IQQ +0.01 points	0.32%	0.31%
Crowdstrike Holdings Class ACRWD	IQQ +0.01 points	1.11%	1.10%
Coca Cola Europacific Partners PLCCCEP	QQQ +0.01 points	0.22%	0.23%
PepsicoPEP	Same weight	0.87%	0.87%
Coreweave Class ACRWV	Same weight	0.10%	0.10%
CsxCSX	Same weight	0.43%	0.43%
Exelon CorpEXC	Same weight	0.21%	0.21%
Baker Hughes Class ABKR	Same weight	0.22%	0.22%
Vertex PharmaceuticalsVRTX	Same weight	0.62%	0.62%
ModernaMRNA	Same weight	0.46%	0.46%
Dexcom IncDXCM	Same weight	0.15%	0.15%
Copart IncCPRT	Same weight	0.14%	0.14%
Ge Healthcare TechnologiesGEHC	Same weight	0.17%	0.17%
PaychexPAYX	Same weight	0.19%	0.19%
PayPal HoldingsPYPL	Same weight	0.23%	0.23%
SynopsysSNPS	Same weight	0.40%	0.40%
Xcel Energy IncXEL	QQQ +0.01 points	0.22%	0.23%
Oreilly Automotive IncORLY	Same weight	0.33%	0.33%
T Mobile Us IncTMUS	Same weight	0.76%	0.76%
Gilead SciencesGILD	Same weight	0.97%	0.97%
Alphabet Class AGOOGL	Same weight	2.75%	2.75%
Intel CorporationINTC	Same weight	1.37%	1.37%
Cisco Systems IncCSCO	Same weight	1.83%	1.83%
Rocket Lab CorpRKLB	Same weight	0.14%	0.14%
Paccar IncPCAR	Same weight	0.25%	0.25%
Comcast Class ACMCSA	Same weight	0.39%	0.39%
Datadog Inc Class ADDOG	Same weight	0.28%	0.28%
Monster BeverageMNST	Same weight	0.43%	0.43%
FastenalFAST	Same weight	0.27%	0.27%
Pdd Holdings AdsPDD	Same weight	0.25%	0.25%
Micron TechnologyMU	Same weight	4.02%	4.02%
Keurig Dr Pepper IncKDP	Same weight	0.22%	0.22%
Idexx LaboratoriesIDXX	Same weight	0.25%	0.25%
QualcommQCOM	Same weight	0.81%	0.81%

All 101 IQQ holdings⁠All 102 QQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IQQ vs QQQ Cost

Overpaying QQQ vs IQQ

$1,643

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IQQ 0.10%
$2,106
QQQ 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IQQ 0.10%
QQQ 0.18%
Overpaying

Year by year

Year	IQQ	QQQ	Overpaying
10	$183	$328	$145
20	$717	$1,281	$564
30	$2,106	$3,749	$1,643

Expense ratio

0.10%IQQ, cheaper
0.18%QQQ

IQQ0.10%QQQ0.18%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

IQQ cheapest of 10 funds

QQQ 4th cheapest of 10 funds

IQQ vs QQQ Dividends

Last 12 months to Nov 5, 2026

Yield (12M): IQQ No data; QQQ 0.48%
Payout (12M): IQQ No data; QQQ $3.09
Last payment: IQQ $0.02; QQQ $0.75
Ex-dividend: IQQ Sep 15, 2026; QQQ Sep 21, 2026
Paid on: IQQ Sep 18, 2026; QQQ Oct 8, 2026
Frequency: IQQ Irregular; QQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IQQIrregular · 1 paymentAll IQQ payments⁠

QQQQuarterly · 40 paymentsAll QQQ payments⁠

IQQ vs QQQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQQ No dataQQQ 17.8%
Return per unit of riskSharpe ratio, 3 years: IQQ No dataQQQ 1.14
Worst fallMax drawdown, 5 years: IQQ No dataQQQ −35.1%
Market sensitivityBeta, 5 years: IQQ 2.08QQQ 1.23; Market = 1

IQQ and QQQ in the news

All news⁠

Opening Bell
October jobs report tests bets on a December rate increase
6 hours agoQQQ
Top Movers
Chip stocks dragged the Nasdaq down 5.5% into a correction
20 hours agoQQQ
Closing Bell
Dow leaps 3.03%, oil falls over 8% after Democrats win Congress
Nov 4, 2026QQQ
New ETFs
Five new ETFs from VanEck, XFUNDS, Tuttle, Tema and THOR do not share a market
Nov 4, 2026QQQ
Closing Bell
Chip Stocks Lift Nasdaq, Apple Drags Dow, AMD Jumps After the Bell
Nov 3, 2026QQQ
Top Movers
Oil plunges on Iran talks as tech stocks fall again
Nov 2, 2026QQQ

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IQQ vs QQQ

In short

Stated mandate

Why people hold it