ISCV vs QQQ
iShares Morningstar Small-Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
ISCV has a lower expense ratio. ISCV delivered stronger 1-year returns. ISCV offers more diversification with 1013 holdings.
Side-by-Side Comparison
| Metric | ISCV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.18% | |
| AUM | $692M | $455.8B | |
| Dividend Yield | 1.85% | 0.41% | |
| Holdings | 1,057 | 108 | |
| YTD Return | +18.53% | +18.31% | |
| 1Y Return | +30.00% | +25.37% | |
| 3Y Return (annualized) | +15.76% | +25.79% | |
| 5Y Return (annualized) | +9.35% | +15.20% | |
| Volatility (annualized) | 20.8% | 30.6% | |
| Max Drawdown | -64.8% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2004 | Mar 10, 1999 |
ISCV vs QQQ Performance
iShares Morningstar Small-Cap Value ETF (ISCV) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ISCV returned +30.00% while QQQ returned +25.37%. Year to date, ISCV is up 18.53% versus a gain of 18.31% for QQQ.
Over three years, ISCV compounded at +15.76% per year against +25.79% for QQQ; over five years the annualized figures are +9.35% and +15.20% respectively. Across the full 22-year window we track, QQQ has the edge at +13.10% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.8% for ISCV. 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 -64.8% for ISCV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ISCV charges 0.06% per year while QQQ charges 0.18%. On a $10,000 position that is $6 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, ISCV currently yields 1.85% against 0.41% for QQQ.
Holdings Overlap
ISCV and QQQ share 0 holdings out of 1116 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ISCV or QQQ?
ISCV has an expense ratio of 0.06% while QQQ charges 0.18%. ISCV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, ISCV or QQQ?
Over the past year ISCV returned +30.00% vs +25.37% for QQQ, so ISCV leads on 1-year performance. Over the longest common window we track (22 years), ISCV annualized +7.09% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, ISCV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.8% for ISCV. Worst drawdown: ISCV -64.8% vs QQQ -83.0%.
Should I hold both ISCV and QQQ?
ISCV and QQQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ISCV and QQQ?
ISCV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1116 unique securities.
Which pays a higher dividend, ISCV or QQQ?
ISCV yields 1.85% while QQQ yields 0.41%, so ISCV currently pays the higher dividend yield.
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