IVV vs QDF
iShares Core S&P 500 ETF vs Northern Trust Quality Dividend ETF
Which is better, IVV or QDF?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.1%.
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 | QDF |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.39% |
| AUM | $876.4B | $2.2B |
| Dividend Yield | 1.06% | 1.47% |
| Holdings | 508 | 119 |
| YTD Return | +12.39%Best | +12.07% |
| 1Y Return | +16.61%Tie | +16.61%Tie |
| 3Y Return (annualized) | +21.38%Best | +18.34% |
| 5Y Return (annualized) | +13.51%Best | +12.14% |
| Volatility (annualized) | 14.3%Tie | 14.3%Tie |
| Max Drawdown | -33.9%Best | -37.2% |
| $10,000 over 5 years | $18,844Best | $17,734 |
| Top 10 Weight | 37.8%Best | 38.1% |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Dec 14, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2012 to Sep 18, 2026 (13.7 years).
IVV vs QDF 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 13.7 years both funds cover.
IVV vs QDF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust Quality Dividend ETF (QDF) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +16.61% while QDF returned +16.61%. Year to date, IVV is up 12.39% versus a gain of 12.07% for QDF.
Over three years, IVV compounded at +21.38% per year against +18.34% for QDF; over five years the annualized figures are +13.51% and +12.14% respectively. Across the full 14-year window we track, IVV has the edge at +13.57% annualized vs +10.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and QDF have been equally volatile, both at 14.3% annualized.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -37.2% for QDF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while QDF charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.47% for QDF.
Holdings Overlap
53.1% of IVV's money is in holdings QDF also owns. 82.6% of QDF's money is in holdings IVV also owns.
Most of QDF is already inside IVV. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 490 positions we hold weights for in IVV and 140 in QDF, against full books of 508 and 119.
What only one of them owns
Our book lists 41 positions for QDF that do not appear in our book for IVV (15.4% of the fund), and 385 for IVV that do not appear in QDF (45.5%).
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 IVV | Weight in QDF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 8.83% | 1.81% |
| NVDANvidia Corp | 8.07% | 7.52% | 0.55% |
| MSFTMicrosoft Corp | 5.69% | 4.41% | 1.28% |
| AVGOBroadcom Inc | 2.65% | 2.74% | 0.09% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.28% | 0.72% |
| GOOGAlphabet Inc | 2.39% | 1.68% | 0.71% |
| JPMJpmorgan Chase | 1.44% | 2.57% | 1.13% |
| JNJJohnson & Johnson - Common | 0.97% | 2.90% | 1.93% |
| LRCXLrcx Uw Equity | 0.57% | 2.60% | 2.03% |
| MUMicron Technology, Inc. | 1.63% | 1.49% | 0.14% |
82.6% of QDF is already inside IVV.
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, IVV or QDF?
IVV has an expense ratio of 0.03% while QDF charges 0.39%. IVV is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, IVV or QDF?
Over the past year IVV returned +16.61% vs +16.61% for QDF, so QDF leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.57% vs +10.53% for QDF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QDF?
IVV and QDF have been equally volatile, both at 14.3% annualized. Worst drawdown: IVV -33.9% vs QDF -37.2%.
Should I hold both IVV and QDF?
IVV and QDF have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and QDF?
82.6% of QDF's money is in holdings IVV also owns. 82.6% of QDF's is in holdings IVV also owns. They hold 97 positions in common, counted across the 490 positions we hold weights for in IVV and 140 in QDF.
Which pays a higher dividend, IVV or QDF?
IVV yields 1.06% while QDF yields 1.47%, so QDF currently pays the higher dividend yield.
Is QDF better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.