ILCV vs QQQ
iShares Morningstar Value ETF vs Invesco QQQ Trust, Series 1
Which is better, ILCV or QQQ?
Large Cap Value against Large Cap Growth.
ILCV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ILCV is less concentrated, with 34.4% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ILCV | QQQ |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.18% |
| AUM | $1.3B | $483.5B |
| Dividend Yield | 1.51% | 0.44% |
| Holdings | 380 | 107 |
| YTD Return | +14.85% | +16.87%Best |
| 1Y Return | +22.82% | +22.98%Best |
| 3Y Return (annualized) | +19.46% | +24.98%Best |
| 5Y Return (annualized) | +12.84% | +14.39%Best |
| Volatility (annualized) | 14.3%Best | 18.3% |
| Max Drawdown | -60.9% | -53.5%Best |
| $10,000 over 5 years | $18,294 | $19,586Best |
| Top 10 Weight | 34.4%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jun 28, 2004 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 2, 2004 to Sep 11, 2026 (22.2 years).
ILCV vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 22.2 years both funds cover.
ILCV vs QQQ Performance
iShares Morningstar Value ETF (ILCV) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ILCV returned +22.82% while QQQ returned +22.98%. Year to date, ILCV is up 14.85% versus a gain of 16.87% for QQQ.
Over three years, ILCV compounded at +19.46% per year against +24.98% for QQQ; over five years the annualized figures are +12.84% and +14.39% respectively. Across the full 22-year window we track, QQQ has the edge at +14.47% annualized vs +6.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 14.3% for ILCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.9% for ILCV and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ILCV charges 0.04% per year while QQQ charges 0.18%. On a $10,000 position that is $4 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, ILCV currently yields 1.51% against 0.44% for QQQ.
Holdings Overlap
39.6% of ILCV's money is in holdings QQQ also owns. 58.5% of QQQ's money is in holdings ILCV also owns.
The two portfolios partly overlap.
53 positions in common, counted across the 374 positions we hold weights for in ILCV and 102 in QQQ, against full books of 380 and 107.
What only one of them owns
Our book lists 42 positions for QQQ that do not appear in our book for ILCV (38.5% of the fund), and 306 for ILCV that do not appear in QQQ (58.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ILCV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.62% | 7.27% | 0.65% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.92% | 5.76% | 2.16% |
| AMZNAmazon.Com Inc | 3.50% | 4.67% | 1.17% |
| GOOGLAlphabet A Usd 0.001 | 2.66% | 3.36% | 0.70% |
| MUMicron Technology, Inc. | 1.32% | 4.43% | 3.11% |
| GOOGAlphabet Inc | 2.12% | 3.13% | 1.01% |
| METAMeta Platforms, Inc. | 2.38% | 2.78% | 0.40% |
| TSLATesla Inc | 1.00% | 2.56% | 1.56% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.39% | 2.10% | 0.71% |
| WMTWalmart, Inc. | 0.87% | 2.41% | 1.54% |
58.5% of QQQ is already inside ILCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ILCV or QQQ?
ILCV has an expense ratio of 0.04% while QQQ charges 0.18%. ILCV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, ILCV or QQQ?
Over the past year ILCV returned +22.82% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), ILCV annualized +6.48% vs +14.47% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ILCV or QQQ?
QQQ has been the more volatile fund at 18.3% annualized versus 14.3% for ILCV. Worst drawdown: ILCV -60.9% vs QQQ -53.5%.
Should I hold both ILCV and QQQ?
ILCV and QQQ have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ILCV and QQQ?
58.5% of QQQ's money is in holdings ILCV also owns. 58.5% of QQQ's is in holdings ILCV also owns. They hold 53 positions in common, counted across the 374 positions we hold weights for in ILCV and 102 in QQQ.
Which pays a higher dividend, ILCV or QQQ?
ILCV yields 1.51% while QQQ yields 0.44%, so ILCV currently pays the higher dividend yield.
Is QQQ better than ILCV?
ILCV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ILCV is less concentrated, with 34.4% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.