IVV vs QLD
iShares Core S&P 500 ETF vs ProShares Ultra QQQ
Which is better, IVV or QLD?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. QLD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | QLD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $876.4B | $13.8B |
| Dividend Yield | 1.06% | 0.13% |
| Holdings | 508 | 127 |
| YTD Return | +11.51% | +24.16%Best |
| 1Y Return | +15.96% | +30.59%Best |
| 3Y Return (annualized) | +21.01% | +40.16%Best |
| 5Y Return (annualized) | +12.66% | +16.65%Best |
| Volatility (annualized) | 15.3%Best | 38.0% |
| Max Drawdown | -56.5%Best | -84.0% |
| $10,000 over 5 years | $18,149 | $21,599Best |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 21, 2006 to Sep 15, 2026 (20.2 years).
IVV vs QLD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs QLD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra QQQ (QLD) is an ETF from ProShares. Over the past year IVV returned +15.96% while QLD returned +30.59%. Year to date, IVV is up 11.51% versus a gain of 24.16% for QLD.
Over three years, IVV compounded at +21.01% per year against +40.16% for QLD; over five years the annualized figures are +12.66% and +16.65% respectively. Across the full 20-year window we track, QLD has the edge at +24.00% annualized vs +9.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLD has been the more volatile fund, with annualized monthly volatility of 38.0% compared with 15.3% 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 -84.0% for QLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 QLD charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.13% for QLD.
Holdings Overlap
At least 54.0% of IVV's money is in holdings QLD also owns.
Stated as a floor: for QLD, our book for it covers 78.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
87 positions in common, counted across the 490 positions we hold weights for in IVV and 103 in QLD, against full books of 508 and 127.
Top Shared Holdings
| Stock | Weight in IVV | Weight in QLD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 5.84% | 2.23% |
| AAPLApple, Inc | 7.02% | 5.08% | 1.94% |
| MSFTMicrosoft Corp | 5.69% | 4.12% | 1.57% |
| AMZNAmazon.Com Inc | 3.84% | 3.05% | 0.79% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.16% | 0.84% |
| MUMicron Technology, Inc. | 1.63% | 3.26% | 1.63% |
| AVGOBroadcom Inc | 2.65% | 1.92% | 0.73% |
| GOOGAlphabet Inc | 2.39% | 2.00% | 0.39% |
| METAMeta Platforms Inc | 1.90% | 1.85% | 0.05% |
| TSLATesla Inc | 1.56% | 2.01% | 0.45% |
54.0% of IVV is already inside QLD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IVV or QLD?
IVV has an expense ratio of 0.03% while QLD charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or QLD?
Over the past year IVV returned +15.96% vs +30.59% for QLD, so QLD leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.71% vs +24.00% for QLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QLD?
QLD has been the more volatile fund at 38.0% annualized versus 15.3% for IVV. Worst drawdown: IVV -56.5% vs QLD -84.0%.
Should I hold both IVV and QLD?
IVV and QLD have a monthly-return correlation of 0.91, 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 QLD?
At least 54.0% of IVV's money is in holdings QLD also owns. Our book for QLD is partial, so the real figure is this or higher. They hold 87 positions in common, counted across the 490 positions we hold weights for in IVV and 103 in QLD.
Which pays a higher dividend, IVV or QLD?
IVV yields 1.06% while QLD yields 0.13%, so IVV currently pays the higher dividend yield.
Is QLD better than IVV?
IVV has a lower expense ratio. QLD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.