IVV vs QGRD
iShares Core S&P 500 ETF vs Horizon Nasdaq-100 Defined Risk ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | QGRD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $865.2B | $99M | |
| Dividend Yield | 1.09% | 1.37% | |
| Holdings | 508 | 9 | |
| YTD Return | +13.43% | +10.90% | |
| 1Y Return | +22.61% | +17.10% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 16.1% | |
| Max Drawdown | -56.5% | -9.4% | |
| Fund Family | iShares by BlackRock (US) | Horizon Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jul 9, 2025 |
IVV vs QGRD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Horizon Nasdaq-100 Defined Risk ETF (QGRD) is a ETF from Horizon Funds. Over the past year IVV returned +22.61% while QGRD returned +17.10%. Year to date, IVV is up 13.43% versus a gain of 10.90% for QGRD.
Risk: Volatility and Drawdowns
QGRD has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% for IVV. 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 -9.4% for QGRD. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QGRD charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.37% for QGRD.
Holdings Overlap
IVV and QGRD share 0 holdings out of 506 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, IVV or QGRD?
IVV has an expense ratio of 0.03% while QGRD charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or QGRD?
Over the past year IVV returned +22.61% vs +17.10% for QGRD, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.03% vs +18.11% for QGRD. Past performance does not guarantee future results.
Which is riskier, IVV or QGRD?
QGRD has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QGRD -9.4%.
Should I hold both IVV and QGRD?
IVV and QGRD have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QGRD?
IVV and QGRD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or QGRD?
IVV yields 1.09% while QGRD yields 1.37%, so QGRD currently pays the higher dividend yield.
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