IVV vs QHDG
iShares Core S&P 500 ETF vs Innovator Hedged Nasdaq-100 ETF
Which is better, IVV or QHDG?
Large Cap Blend against Market Neutral Strategy.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.4%.
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 | QHDG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $2M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 106 |
| Volatility (annualized) | 12.8% | 8.8%Best |
| Max Drawdown | -18.8% | -15.3%Best |
| $10,000 over 1.9 years | $13,877Best | $12,106 |
| Top 10 Weight | 37.9%Best | 46.4% |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Market Neutral Strategy |
| Inception | May 15, 2000 | Aug 19, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 62 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 10, 2026 and QHDG through Jul 10, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Aug 20, 2024 to Jul 10, 2026 (1.9 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 8.8% for QHDG. 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 -15.3% for QHDG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QHDG charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for QHDG.
Holdings Overlap
53.0% of IVV's money is in holdings QHDG also owns. 93.1% of QHDG's money is in holdings IVV also owns.
Most of QHDG is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 127 days apart, IVV as of Aug 5, 2026 and QHDG as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
86 positions in common, counted across the 505 positions we hold weights for in IVV and 101 in QHDG, against full books of 508 and 106.
What only one of them owns
Our book lists 6 positions for QHDG that do not appear in our book for IVV (1.5% of the fund), and 409 for IVV that do not appear in QHDG (46.3%).
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 QHDG | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 8.56% | 0.58% |
| AAPLApple, Inc | 6.86% | 7.53% | 0.67% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 5.50% | 0.06% |
| AMZNAmazon.Com Inc | 4.01% | 4.53% | 0.52% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 3.48% | 0.29% |
| AVGOBroadcom Inc | 2.98% | 2.98% | 0.00% |
| GOOGAlphabet Inc | 2.56% | 3.22% | 0.66% |
| METAMeta Platforms, Inc. | 1.94% | 3.44% | 1.50% |
| TSLATesla Inc | 1.36% | 3.81% | 2.45% |
| WMTWalmart, Inc. | 0.74% | 3.38% | 2.64% |
93.1% of QHDG 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 QHDG?
IVV has an expense ratio of 0.03% while QHDG charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which is riskier, IVV or QHDG?
IVV has been the more volatile fund at 12.8% annualized versus 8.8% for QHDG. Worst drawdown: IVV -18.8% vs QHDG -15.3%.
Should I hold both IVV and QHDG?
IVV and QHDG have a monthly-return correlation of 0.88, 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 QHDG?
93.1% of QHDG's money is in holdings IVV also owns. 93.1% of QHDG's is in holdings IVV also owns. They hold 86 positions in common, counted across the 505 positions we hold weights for in IVV and 101 in QHDG.
Which pays a higher dividend, IVV or QHDG?
IVV yields 1.06% while QHDG yields 0.00%, so IVV currently pays the higher dividend yield.
Is QHDG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.