IVV vs LQPE
iShares Core S&P 500 ETF vs PEO AlphaQuest Thematic PE ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LQPE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.25% | |
| AUM | $907.0B | $13M | |
| Dividend Yield | 1.10% | 0.27% | |
| Holdings | 508 | 262 | |
| YTD Return | +12.71% | -2.63% | |
| 1Y Return | +21.89% | +0.06% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 11.1% | |
| Max Drawdown | -56.5% | -18.9% | |
| Fund Family | iShares by BlackRock (US) | Alpha Quest | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 27, 2025 |
IVV vs LQPE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PEO AlphaQuest Thematic PE ETF (LQPE) is a ETF from Alpha Quest. Over the past year IVV returned +21.89% while LQPE returned +0.06%. Year to date, IVV is up 12.71% versus a loss of 2.63% for LQPE.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.1% for LQPE. 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 -56.5% for IVV and -18.9% for LQPE. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LQPE charges 1.25%. On a $10,000 position that is $3 vs $125 annually, a gap of $122 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.27% for LQPE.
Holdings Overlap
IVV and LQPE share 39 holdings out of 659 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LQPE?
IVV has an expense ratio of 0.03% while LQPE charges 1.25%. IVV is the cheaper option. On a $10,000 investment, that is $122 per year of difference.
Which performed better, IVV or LQPE?
Over the past year IVV returned +21.89% vs +0.06% for LQPE, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs -7.28% for LQPE. Past performance does not guarantee future results.
Which is riskier, IVV or LQPE?
IVV has been the more volatile fund at 15.1% annualized versus 11.1% for LQPE. Worst drawdown: IVV -56.5% vs LQPE -18.9%.
Should I hold both IVV and LQPE?
IVV and LQPE have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LQPE?
IVV and LQPE share 39 common holdings with a 4.3% weight overlap. Combined, they hold 659 unique securities.
Which pays a higher dividend, IVV or LQPE?
IVV yields 1.10% while LQPE yields 0.27%, so IVV currently pays the higher dividend yield.
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