IVOV vs QQQ
Vanguard S&P Mid-Cap 400 Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
IVOV has a lower expense ratio. QQQ delivered stronger 1-year returns. IVOV offers more diversification with 305 holdings.
Side-by-Side Comparison
| Metric | IVOV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.18% | |
| AUM | $1.5B | $496.3B | |
| Dividend Yield | 1.61% | 0.44% | |
| Holdings | 305 | 108 | |
| YTD Return | +12.79% | +16.64% | |
| 1Y Return | +19.67% | +27.27% | |
| 3Y Return (annualized) | +14.80% | +25.96% | |
| 5Y Return (annualized) | +9.20% | +14.54% | |
| Volatility (annualized) | 18.3% | 30.6% | |
| Max Drawdown | -46.0% | -83.0% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Mar 10, 1999 |
IVOV vs QQQ Performance
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is a ETF from Vanguard (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IVOV returned +19.67% while QQQ returned +27.27%. Year to date, IVOV is up 12.79% versus a gain of 16.64% for QQQ.
Over three years, IVOV compounded at +14.80% per year against +25.96% for QQQ; over five years the annualized figures are +9.20% and +14.54% respectively. Across the full 16-year window we track, QQQ has the edge at +13.03% annualized vs +11.74%. 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 18.3% for IVOV. 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 -46.0% for IVOV 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVOV charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, IVOV currently yields 1.61% against 0.44% for QQQ.
Holdings Overlap
IVOV and QQQ share 0 holdings out of 400 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, IVOV or QQQ?
IVOV has an expense ratio of 0.10% while QQQ charges 0.18%. IVOV is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, IVOV or QQQ?
Over the past year IVOV returned +19.67% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), IVOV annualized +11.74% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IVOV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.3% for IVOV. Worst drawdown: IVOV -46.0% vs QQQ -83.0%.
Should I hold both IVOV and QQQ?
IVOV and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVOV and QQQ?
IVOV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 400 unique securities.
Which pays a higher dividend, IVOV or QQQ?
IVOV yields 1.61% while QQQ yields 0.44%, so IVOV currently pays the higher dividend yield.
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