IVV vs LQPE
iShares Core S&P 500 ETF vs PEO AlphaQuest Thematic PE ETF
Which is better, IVV or LQPE?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | IVV | LQPE |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.25% |
| AUM | $876.4B | $13M |
| Dividend Yield | 1.06% | 0.27% |
| Holdings | 508 | 262 |
| Volatility (annualized) | 11.3% | 11.1%Best |
| Max Drawdown | -18.8%Best | -18.9% |
| $10,000 over 1.1 years | $10,962Best | $9,202 |
| Fund Family | iShares by BlackRock (US) | Alpha Quest |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jan 27, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 172 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 11, 2026 and LQPE through Mar 23, 2026.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Jan 28, 2025 to Mar 23, 2026 (1.1 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.3% 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 -18.8% for IVV and -18.9% for LQPE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
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 1.06% against 0.27% for LQPE.
Holdings Overlap
At least 4.8% of IVV's money is in holdings LQPE also owns.
Stated as a floor: for LQPE, our book for it covers 88.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and LQPE share little of their money.
The two holdings books were reported 217 days apart, IVV as of Aug 5, 2026 and LQPE as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
40 positions in common, counted across the 505 positions we hold weights for in IVV and 193 in LQPE, against full books of 508 and 262.
Top Shared Holdings
| Stock | Weight in IVV | Weight in LQPE | Difference |
|---|---|---|---|
| ADBEAdobe Inc | 0.16% | 2.71% | 2.55% |
| CVSCvs Health Corp. | 0.19% | 2.60% | 2.41% |
| IDXXIdexx Laboratories Inc. | 0.07% | 2.65% | 2.58% |
| CICigna Corp. | 0.11% | 2.39% | 2.28% |
| VVisa Inc | 0.92% | 1.46% | 0.54% |
| FICOFair Isaac Corp. | 0.04% | 2.33% | 2.29% |
| VRSNVerisign Inc | 0.04% | 2.30% | 2.26% |
| MAMastercard Inc | 0.69% | 1.26% | 0.57% |
| ITWIllinois Tool Works Inc. | 0.12% | 1.82% | 1.70% |
| HUMHumana Inc. | 0.07% | 1.82% | 1.75% |
You are not choosing between two funds in isolation.
Whichever of IVV and LQPE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $122 a year on a $10,000 investment.
Which is riskier, IVV or LQPE?
IVV has been the more volatile fund at 11.3% annualized versus 11.1% for LQPE. Worst drawdown: IVV -18.8% vs LQPE -18.9%.
Should I hold both IVV and LQPE?
IVV and LQPE have a monthly-return correlation of 0.55, 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 IVV and LQPE?
At least 4.8% of IVV's money is in holdings LQPE also owns. Our book for LQPE is partial, so the real figure is this or higher. They hold 40 positions in common, counted across the 505 positions we hold weights for in IVV and 193 in LQPE.
Which pays a higher dividend, IVV or LQPE?
IVV yields 1.06% while LQPE yields 0.27%, so IVV currently pays the higher dividend yield.
Is LQPE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.