QQEW vs IWY: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
IWYiShares Russell Top 200 Growth ETF
iShares · 110 holdings · $16.6B · as of 2026-03-31
How similar are QQEW and IWY?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; iShares Russell Top 200 Growth ETF (IWY, by iShares) holds 110. They have 31 holdings in common, and by portfolio weight the two funds are 24.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31QQEW holds 51 · IWY holds 110
- Weight in Shared Holdings
- QQEW 60%·IWY 65%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in QQEW
20 of 51 positions (40.2% of the fund) are not held by IWY.
Sector Breakdown
| Sector | QQEW | IWY |
|---|---|---|
| Information Technology | 49.6% | 53.1% |
| Health Care | 16.3% | 7.5% |
| Communication Services | 10.0% | 13.0% |
| Consumer Discretionary | 12.4% | 11.3% |
| Industrials | 7.7% | 5.0% |
| Other Sectors | 3.9% | 10.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| QQEW | +2.5% | +14.0% | +19.6% | +14.5% | +7.7% | +14.2% | 0.20% |
| IWY | +2.5% | +5.3% | +13.9% | +22.5% | +13.7% | +18.8% | 0.34% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in QQEW vs IWY →
Shared Holdings(31)
The top 10 shared positions account for 68% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 2.09% | 13.13% | 2.09% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 2.06% | 14.62% | 2.06% |
 AVGOBroadcom Inc COM | 2.03% | 4.31% | 2.03% |
 MSFTMicrosoft Corp. COM | 1.98% | 9.91% | 1.98% |
 METAMeta Platforms Inc CL A | 1.97% | 3.42% | 1.97% |
 NFLXNetflix, Inc. COM | 2.14% | 1.73% | 1.73% |
 PLTRPalantir Technologies Inc CL A | 1.98% | 1.36% | 1.36% |
 LRCXLam Research Corporation COM NEW | 1.91% | 1.14% | 1.14% |
 GOOGAlphabet Inc. CAP STK CL C | 0.98% | 3.20% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 0.98% | 3.93% | 0.98% |
 KLACKLA Corp. COM NEW | 2.01% | 0.82% | 0.82% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 0.69% | 0.69% |
 AMGNAmgen Inc. COM | 2.07% | 0.59% | 0.59% |
 BKNGBooking Holdings Inc COM | 1.99% | 0.55% | 0.55% |
 PANWPalo Alto Networks Inc COM | 2.01% | 0.55% | 0.55% |
 INTUIntuit Inc COM | 1.94% | 0.50% | 0.50% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 0.48% | 0.48% |
 ADBEAdobe Inc COM | 2.00% | 0.42% | 0.42% |
 CRWDCrowdstrike Holdings Inc CL A | 1.95% | 0.41% | 0.41% |
 APPApplovin Corp. COM CL A | 1.84% | 0.40% | 0.40% |
 ADPAutomatic Data Processing, Inc. COM | 1.99% | 0.32% | 0.32% |
 CDNSCadence Design Systems, Inc. COM | 2.00% | 0.32% | 0.32% |
 SNPSSynopsys Inc COM | 1.93% | 0.24% | 0.24% |
 DASHDoorDash Inc CL A | 1.96% | 0.23% | 0.23% |
 ABNBAirbnb Inc COM CL A | 2.01% | 0.22% | 0.22% |
Frequently Asked Questions
How much do QQEW and IWY overlap?
QQEW and IWY overlap by 24.1% of portfolio weight. They share 31 holdings (QQEW holds 51 positions and IWY holds 110), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and IWY?
The two portfolios are 24.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QQEW and IWY?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 68% of the total overlap.
What does QQEW own that IWY doesn't?
20 positions (40.2% of QQEW) are unique to QQEW, led by ARM, PDD and ALNY. In the other direction, 79 positions (35.3% of IWY) are unique to IWY.