IWV vs QDEF: holdings overlap, shared companies and scores
As of October 9, 2026, IWV and QDEF overlap 43.8% by weight. iShares Russell 3000 ETF (IWV): U.S. total market index. Northern Trust Quality Dividend Defensive ETF (QDEF): US dividend-paying large-mid caps.
Updated October 9, 2026
Where IWV and QDEF trade against their own history
IWV trades at 24.1 times earnings, against its own median of 22.2, and is more expensive than 63% of its own last 9 years.
QDEF trades at 19.7 times earnings, against its own median of 19.4, and is more expensive than 56% of its own last 9 years.
What moved IWV and QDEF this week
IWV rose 1.1% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Alphabet (+2.4%); Nvidia (−2.0%) pushed the other way.
QDEF rose 1.3% in the week to October 9, 2026. The holdings that moved it most were Philip Morris International (+7.3%), Microsoft (+3.4%) and Apple (+0.9%); Nvidia (−2.0%) pushed the other way.
What do IWV and QDEF each hold?
What's inside IWV: Tech 43%, Magnificent 7 31%.
35% of IWV is its ten largest holdings.
What's inside QDEF: Tech 41%, Magnificent 7 27%.
37% of QDEF is its ten largest holdings.
How much do IWV and QDEF overlap? 43.8% by weight
As of October 9, 2026, IWV and QDEF overlap 43.8% by weight.
51% of IWV is already inside QDEF.
99% of QDEF is already inside IWV.
IWV holds 2,587 companies and QDEF holds 153; 152 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score IWV and QDEF? 6.5 and 7.1 out of 10
As of October 9, 2026, ETF Copilot scores IWV 6.5 out of 10 and QDEF 7.1 out of 10.
They differ most on Value: IWV 3.1 and QDEF 6.4.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | IWV | QDEF |
|---|---|---|
| Growth | 7.1 | 5.0 |
| Value | 3.1 | 6.4 |
| Risk | 6.5 | 8.9 |
| Quality | 7.8 | 9.3 |
| Return | 7.6 | 7.0 |
IWV is the cheaper of the two at 0.20% a year
As of October 9, 2026, IWV charges 0.20% a year, yields 0.86% and holds $20.5B in assets across 2587 positions.
As of October 9, 2026, QDEF charges 0.40% a year, yields 1.57% and holds $554M in assets across 153 positions.
| Measure | IWV | QDEF |
|---|---|---|
| Expense ratio | 0.20% | 0.40% |
| Dividend yield | 0.86% | 1.57% |
| Assets under management | $20.5B | $554M |
| Holdings | 2587 | 153 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “IWV vs QDEF holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/iwv-vs-qdef
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