IQSM vs IWR: Grades, Fees and Holdings Compared

NYLI Candriam U.S. Mid Cap Equity ETF

IQSMBNYSE Arca

iShares Russell Mid-Cap ETF

IWRANYSE Arca

Overlap

16.5%by weight

Expense ratio

IQSM −0.03pt a year

IQSM0.15%IWR0.18%

Avg volume · 30D

IWR 123.0×the volume

IQSM14.5KIWR1.79M

3Y return · a year

IWR +2.8pt

IQSM+17.5%IWR+20.3%

IQSM vs IWR Performance

Oct 31, 2025 – Oct 30, 2026

+16.0%IQSM+16.3%IWR

Expense ratio: IQSM 0.15%, better; IWR 0.18%
Fund size: IQSM $357M; IWR $58.1B
1Y total return: IQSM +16.0%; IWR +16.3%, better
Yield (12M): IQSM 1.05%; IWR 1.16%, better
Holdings: IQSM 247; IWR 827
Avg volume (30D): IQSM 14.5K sh; IWR 1.79M sh, better
NAV per share: IQSM $39.06; IWR $110.06
52W range

ETF.net Grade

Pillar letters and Scores for IQSM, IWR, with each pillar’s weight
Pillar	IQSM	IWR
Cost30% weight	C54Higher	C43
Mission25% weight	A100	A100
Risk15% weight	C43	B68Higher
Tradability15% weight	D28	A93Higher
Holdings10% weight	B61	A83Higher
Durability5% weight	F14	A86Higher

Rank among US Mid-Cap funds

How we build Categories ›

Same Category. IQSM and IWR are both graded against the same 13 US Mid-Cap funds, so their Grades compare head to head.

US Mid-Cap⁠

Category · 13 funds

See all 13 ›

IWR ranks 4th and IQSM 8th of 13 funds in the US Mid-Cap Category.

Rank 1AIMCBiShares Morningstar Mid-Cap ETFScore 82
Rank 2ASCHMSchwab U.S. Mid-Cap ETFScore 80
Rank 3AVOVanguard Morningstar Mid-Cap ETFScore 79
Rank 4AIWRiShares Russell Mid-Cap ETFScore 74
Rank 5ABKMCBNY Mellon US Mid Cap Core Equity ETFScore 70
Rank 7BQQQJInvesco NASDAQ Next Gen 100 ETFScore 60
Rank 8BIQSMNYLI Candriam U.S. Mid Cap Equity ETFScore 58
Rank 9CEZMWisdomTree U.S. MidCap FundScore 51

Our read on each fund

ETF.net Research

IQSMBNYLI Candriam U.S. Mid Cap Equity ETF

IWRAiShares Russell Mid-Cap ETF

In short

IQSM No data

IWR The Russell mid-cap standard: roughly 800 mid-sized US companies in one ticker, tracked since 2001. Big, heavily traded, and priced a notch above the index-fund floor.

Stated mandate

IQSM No data

IWR The fund seeks to track an index composed of mid-sized U.S. companies.

Why people hold it

IQSM No data

IWR Has tracked the Russell MidCap Index since 2001 and hews to it about as closely as anything in the mid-cap group.ishares.com
Roughly 800 mid-size US names, so no single stock carries the fund.
A multi-billion-dollar fund that trades actively, which tends to keep bid-ask spreads thin for small and large orders alike.
Plain 1940 Act fund paying quarterly distributions. No leverage, no exotic wrapper to babysit.

Worth knowing

IQSM No data

IWR 0.18% a year, versus 0.03% for mid-cap rivals like VO and SCHM. Same aisle, different sticker.
Different yardstick than several rivals: Russell MidCap rather than a Morningstar mid-cap index, so the holdings and the size cutoffs differ.
All equity, all US. Nothing here (bonds, cash, foreign stocks) cushions a domestic stock selloff.

Full IQSM profile⁠

Full IWR profile⁠

IQSM vs IWR Holdings

How IQSM and IWR differ

Overlap by weight

16.5%

Shared holdings make up 88.4% of IQSM and 16.5% of IWR.

Level by level

Holdings208 in both16.5%
Sector11 Sectors87.0%
Countryby domicile98.4%
Asset classEquity100%

Sector

Sector weights in IQSM and IWR, widest gap first
Sector	More in IQSMMore in IWR	IQSM	IWR
Energy	IWR +5.5 points	1.6%	7.1%
Utilities	IWR +4.9 points	0.8%	5.7%
Health Care	IQSM +3.8 points	16.6%	12.8%
Real Estate	IQSM +3.4 points	9.8%	6.4%
Technology	IQSM +2.8 points	18.8%	16.0%
Communication	IQSM +1.3 points	3.8%	2.5%
Financials	IWR +1.2 points	12.7%	13.9%
Consumer Staples	IWR +1.0 points	4.2%	5.2%
Consumer Discretionary	IQSM +0.8 points	9.6%	8.8%
Industrials	IQSM +0.7 points	17.6%	16.9%
Materials	IWR +0.4 points	4.4%	4.8%

Country, concentration and asset class

Country by domicile

Country weights in IQSM and IWR, widest gap first
Country	More in IQSMMore in IWR	IQSM	IWR
United States	IQSM +0.7 points	99.1%	98.4%
China	IQSM +0.6 points	0.6%	0.0%
Other countries (12)	IWR +1.3 points	0.3%	1.6%

Concentration

Weight in the 10 largest Holdings

IQSM8.0%
IWR6.5%

Securities held

IQSM247
IWR823

Asset class

IQSM: Equity
IWR: Equity

Holdings

Only in IQSM39
In both208
Only in IWR615

Only in IQSM

39 securities, 11.6% of IQSM by weight

Ball Corporation0.70%
Yum China Holdings, Inc.0.63%
Glaukos Corp0.58%
Pentair plc0.43%
BrightSpring Health Services, Inc.0.42%
JFrog Ltd.0.39%
Jackson Financial Incorporation Class A0.37%
TG Therapeutics, Inc.0.37%
Aptiv PLC0.36%
Vaxcyte, Inc.0.36%
Protagonist Therapeutics, Inc.0.36%
CareTrust REIT, Inc.0.35%
Cytokinetics, Incorporated0.33%
InterDigital, Inc.0.33%
Norwegian Cruise Line Holdings Ltd.0.32%
Krystal Biotech, Inc.0.32%
Spyre Therapeutics, Inc0.31%
Autoliv Inc.0.31%
Axalta Coating Systems Ltd.0.30%
Life Time Group Holdings, Inc.0.29%
Commercial Metals Company0.29%
Kymera Therapeutics, Inc.0.29%
Skydance Corporation Class B0.29%
Alkermes Public Limited Company0.29%
Zurn Elkay Water Solutions Corporation0.25%
ESCO Technologies Inc.0.25%
Snap, Inc. Class A0.23%
JBT Marel Corporation0.23%
StoneX Group Inc.0.22%
Hims & Hers Health, Inc. Class A0.22%
Lumen Technologies, Inc.0.19%
Gap, Inc.0.18%
Brookfield Renewable Holdings Corporation Class A0.18%
Old National Bancorp0.17%
COPT Defense Properties0.16%
Joby Aviation, Inc.0.12%
Drey Inst Pref Gov Mm Ins0.11%
Levi Strauss & Co. Class A0.09%
Cash<0.01%

Only in IWR

615 securities, 83.3% of IWR by weight

Marathon Petroleum0.96%
Phillips 660.83%
Snowflake0.75%
Cloudflare Class A0.66%
Moderna0.59%
Datadog Inc Class A0.57%
Royal Caribbean Group0.57%
United Rentals0.53%
Hewlett Packard Enterprise0.53%
Simon Property Group Reit Inc0.51%
Cheniere Energy0.51%
Digital Realty Trust Reit0.49%
Targa Resources0.49%
Allstate Corp0.49%
Robinhood Markets Class A0.48%
Kinder Morgan0.48%
Lumentum Holdings0.48%
Cencora0.45%
Oneok0.44%
Nucor0.44%
Fastenal0.44%
Ww Grainger Inc0.43%
Devon Energy0.43%
Cardinal Health0.43%
Natera0.41%
Ametek Inc0.40%
Baker Hughes Class A0.40%
Becton Dickinson0.40%
Realty Income Reit0.39%
Autodesk0.39%
Keysight Technologies0.38%
Edwards Lifesciences0.38%
L3HARRIS Technologies0.38%
Entergy Corp0.38%
Xcel Energy Inc0.36%
Humana0.36%
Agilent Technologies Inc0.36%
Delta Air Lines0.36%
Rockwell Automation Inc0.36%
Ebay0.36%
Fifth Third Bancorp0.36%
Vylor0.36%
PayPal Holdings0.36%
Ford Motor Co0.35%
Exelon Corp0.35%
Westinghouse Air Brake Technologie0.35%
Vivmark Residential0.34%
Nasdaq Inc0.34%
Veeva Systems Class A0.34%
Vistra0.34%

Weight gaps

The 100 widest of 208 Holdings in both funds.

Holding weights in IQSM and IWR, widest gap first
Holding	More in IQSMMore in IWR	IQSM	IWR
Guardant Health, Inc.GH	IQSM +0.76 points	0.93%	0.17%
US Foods Holding Corp.USFD	IQSM +0.75 points	0.92%	0.17%
Viatris, Inc.VTRS	IQSM +0.73 points	0.89%	0.16%
PTC Inc.PTC	IQSM +0.71 points	0.87%	0.16%
Roku, Inc. Class AROKU	IQSM +0.69 points	0.84%	0.15%
Best Buy Co., Inc.BBY	IQSM +0.59 points	0.73%	0.14%
IDEX CorporationIEX	IQSM +0.59 points	0.72%	0.13%
ITT, Inc.ITT	IQSM +0.58 points	0.71%	0.13%
James Hardie Industries PLCJHX	IQSM +0.58 points	0.63%	0.05%
HF Sinclair CorporationDINO	IQSM +0.58 points	0.71%	0.13%
Host Hotels & Resorts, Inc.HST	IQSM +0.57 points	0.70%	0.13%
Revvity, Inc.RVTY	IQSM +0.57 points	0.70%	0.13%
Reinsurance Group of America, IncorporatedRGA	IQSM +0.57 points	0.69%	0.13%
Charles River Laboratories International, Inc.CRL	IQSM +0.56 points	0.69%	0.13%
Nutanix, Inc. Class ANTNX	IQSM +0.56 points	0.69%	0.13%
Zebra Technologies Corporation Class AZBRA	IQSM +0.56 points	0.68%	0.12%
Kimco Realty CorporationKIM	IQSM +0.55 points	0.67%	0.12%
TD SYNNEX CorporationSNX	IQSM +0.54 points	0.67%	0.13%
Jones Lang LaSalle IncorporatedJLL	IQSM +0.54 points	0.66%	0.12%
Dynatrace, Inc.DT	IQSM +0.54 points	0.66%	0.12%
Tyler Technologies, Inc.TYL	IQSM +0.53 points	0.65%	0.12%
Masco CorporationMAS	IQSM +0.52 points	0.64%	0.12%
WESCO International, Inc.WCC	IQSM +0.52 points	0.64%	0.12%
Stanley Black & Decker, Inc.SWK	IQSM +0.52 points	0.63%	0.11%
MACOM Technology Solutions Holdings, Inc.MTSI	IQSM +0.51 points	0.63%	0.12%
Halozyme Therapeutics, Inc.HALO	IQSM +0.51 points	0.62%	0.11%
Gen Digital Inc.GEN	IQSM +0.51 points	0.62%	0.11%
Trimble Inc.TRMB	IQSM +0.50 points	0.61%	0.11%
Hasbro, Inc.HAS	IQSM +0.50 points	0.62%	0.12%
Carlisle Companies IncorporatedCSL	IQSM +0.50 points	0.61%	0.11%
C.H. Robinson Worldwide, Inc.CHRW	IQSM +0.50 points	0.61%	0.11%
Clean Harbors, Inc.CLH	IQSM +0.50 points	0.61%	0.11%
Medpace Holdings, Inc.MEDP	IQSM +0.49 points	0.60%	0.11%
Exelixis, Inc.EXEL	IQSM +0.49 points	0.62%	0.13%
DocuSign, Inc.DOCU	IQSM +0.49 points	0.61%	0.12%
Neurocrine Biosciences, Inc.NBIX	IQSM +0.49 points	0.60%	0.11%
Assurant, Inc.AIZ	IQSM +0.49 points	0.59%	0.10%
TransUnionTRU	IQSM +0.48 points	0.59%	0.11%
Burlington Stores, Inc.BURL	IQSM +0.48 points	0.59%	0.11%
W. P. Carey Inc.WPC	IQSM +0.47 points	0.58%	0.11%
Manhattan Associates, Inc.MANH	IQSM +0.48 points	0.58%	0.10%
Omega Healthcare Investors, Inc.OHI	IQSM +0.48 points	0.58%	0.10%
Corebridge Financial, Inc.CRBG	IQSM +0.46 points	0.53%	0.07%
Gartner, Inc.IT	IQSM +0.46 points	0.57%	0.11%
AramarkARMK	IQSM +0.46 points	0.56%	0.10%
Avery Dennison CorporationAVY	IQSM +0.46 points	0.56%	0.10%
RenaissanceRe Holdings Ltd.RNR	IQSM +0.45 points	0.55%	0.10%
Akamai Technologies, Inc.AKAM	IQSM +0.45 points	0.55%	0.10%
Five Below, Inc.FIVE	IQSM +0.44 points	0.54%	0.10%
J.M. Smucker CompanySJM	IQSM +0.45 points	0.55%	0.10%
Semtech CorporationSMTC	IQSM +0.44 points	0.53%	0.09%
Annaly Capital Management, Inc.NLY	IQSM +0.45 points	0.55%	0.10%
GoDaddy, Inc. Class AGDDY	IQSM +0.44 points	0.55%	0.11%
Encompass Health CorporationEHC	IQSM +0.44 points	0.54%	0.10%
Crown Holdings, Inc.CCK	IQSM +0.45 points	0.54%	0.09%
Coeur Mining, Inc.CDE	IQSM +0.44 points	0.54%	0.10%
Healthpeak Properties, Inc.DOC	IQSM +0.43 points	0.53%	0.10%
Jazz Pharmaceuticals Public Limited CompanyJAZZ	IQSM +0.44 points	0.53%	0.09%
DT Midstream, Inc.DTM	IQSM +0.44 points	0.53%	0.09%
Lattice Semiconductor CorporationLSCC	IQSM +0.42 points	0.52%	0.10%
Unum GroupUNM	IQSM +0.42 points	0.53%	0.11%
Unity Software, Inc.U	IQSM +0.42 points	0.52%	0.10%
RPM International Inc.RPM	IQSM +0.42 points	0.51%	0.09%
Regency Centers CorporationREG	IQSM +0.41 points	0.51%	0.10%
McCormick & Company, IncorporatedMKC	IQSM +0.40 points	0.49%	0.09%
Globe Life Inc.GL	IQSM +0.40 points	0.49%	0.09%
Skyworks Solutions, Inc.SWKS	IQSM +0.40 points	0.55%	0.15%
Penumbra, Inc.PEN	IQSM +0.40 points	0.49%	0.09%
Solventum CorporationSOLV	IQSM +0.39 points	0.48%	0.09%
Guidewire Software, Inc.GWRE	IQSM +0.38 points	0.48%	0.10%
Baxter International Inc.BAX	IQSM +0.38 points	0.47%	0.09%
Essential Utilities, Inc.WTRG	IQSM +0.38 points	0.47%	0.09%
Bio-Techne CorporationTECH	IQSM +0.38 points	0.46%	0.08%
Cooper Companies, Inc.COO	IQSM +0.38 points	0.46%	0.08%
Elanco Animal Health, Inc.ELAN	IQSM +0.38 points	0.46%	0.08%
FactSet Research Systems Inc.FDS	IQSM +0.37 points	0.46%	0.09%
HubSpot, Inc.HUBS	IQSM +0.37 points	0.46%	0.09%
Evercore Inc. Class AEVR	IQSM +0.37 points	0.45%	0.08%
Albemarle CorporationALB	IQSM +0.37 points	0.45%	0.08%
Graco Inc.GGG	IQSM +0.37 points	0.45%	0.08%
Jack Henry & Associates, Inc.JKHY	IQSM +0.37 points	0.45%	0.08%
American Financial Group, Inc.AFG	IQSM +0.37 points	0.44%	0.07%
First Horizon CorporationFHN	IQSM +0.37 points	0.45%	0.08%
Nextpower Inc.NXT	IQSM +0.36 points	0.45%	0.09%
Applied Industrial Technologies, Inc.AIT	IQSM +0.36 points	0.44%	0.08%
BioMarin Pharmaceutical Inc.BMRN	IQSM +0.37 points	0.45%	0.08%
Equity LifeStyle Properties, Inc.ELS	IQSM +0.37 points	0.45%	0.08%
New York Times Company Class ANYT	IQSM +0.37 points	0.44%	0.07%
Arrow Electronics, Inc.ARW	IQSM +0.36 points	0.44%	0.08%
Alcoa CorporationAA	IQSM +0.36 points	0.44%	0.08%
Sterling Infrastructure, Inc.STRL	IQSM +0.35 points	0.43%	0.08%
Onto Innovation, Inc.ONTO	IQSM +0.36 points	0.43%	0.07%
Ryder System, Inc.R	IQSM +0.35 points	0.43%	0.08%
Toro CompanyTTC	IQSM +0.36 points	0.43%	0.07%
Clorox CompanyCLX	IQSM +0.35 points	0.43%	0.08%
UDR, Inc.UDR	IQSM +0.36 points	0.44%	0.08%
American Homes 4 Rent Class AAMH	IQSM +0.35 points	0.43%	0.08%
News Corporation Class ANWSA	IQSM +0.35 points	0.43%	0.08%
Paycom Software, Inc.PAYC	IQSM +0.35 points	0.43%	0.08%
BorgWarner Inc.BWA	IQSM +0.34 points	0.42%	0.08%

All 245 IQSM holdings⁠All 823 IWR 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.

IQSM vs IWR Cost

Overpaying IWR vs IQSM

$612

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

IQSM 0.15%
$3,137
IWR 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IQSM 0.15%
IWR 0.18%
Overpaying

Year by year

Year	IQSM	IWR	Overpaying
10	$274	$328	$54
20	$1,071	$1,281	$210
30	$3,137	$3,749	$612

Expense ratio

0.15%IQSM, cheaper
0.18%IWR

IQSM0.15%IWR0.18%

0.03%0.79%

Middle half of US Mid-Cap funds
Median 0.15%

IQSM 6th cheapest of 13 funds

IWR 8th cheapest of 13 funds

IQSM vs IWR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IQSM 1.05%; IWR 1.16%, better
Payout (12M): IQSM $0.41; IWR $1.27
Last payment: IQSM $0.10; IWR $0.33
Ex-dividend: IQSM Sep 18, 2026; IWR Sep 15, 2026
Paid on: IQSM Sep 22, 2026; IWR Sep 18, 2026
Frequency: IQSM Quarterly; IWR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IQSMQuarterly · 16 paymentsAll IQSM payments⁠

IWRQuarterly · 36 paymentsAll IWR payments⁠

IQSM vs IWR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQSM 15.1%IWR 14.1%, better
Return per unit of riskSharpe ratio, 3 years: IQSM 0.85IWR 1.08, better
Worst fallMax drawdown, 5 years: IQSM −23.7%since Oct 2022IWR −26.2%
Market sensitivityBeta, 5 years: IQSM 1.09IWR 1.01; Market = 1

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