IVV vs QLTI
iShares Core S&P 500 ETF vs GMO International Quality ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QLTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $298M | |
| Dividend Yield | 1.10% | 0.60% | |
| Holdings | 508 | 38 | |
| YTD Return | +12.71% | +4.68% | |
| 1Y Return | +21.89% | +10.99% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 13.2% | |
| Max Drawdown | -56.5% | -14.8% | |
| Fund Family | iShares by BlackRock (US) | GMO | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 28, 2024 |
IVV vs QLTI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and GMO International Quality ETF (QLTI) is a ETF from GMO. Over the past year IVV returned +21.89% while QLTI returned +10.99%. Year to date, IVV is up 12.71% versus a gain of 4.68% for QLTI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.2% for QLTI. 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 -14.8% for QLTI. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while QLTI charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.60% for QLTI.
Holdings Overlap
IVV and QLTI share 0 holdings out of 541 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 QLTI?
IVV has an expense ratio of 0.03% while QLTI charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or QLTI?
Over the past year IVV returned +21.89% vs +10.99% for QLTI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +7.07% for QLTI. Past performance does not guarantee future results.
Which is riskier, IVV or QLTI?
IVV has been the more volatile fund at 15.1% annualized versus 13.2% for QLTI. Worst drawdown: IVV -56.5% vs QLTI -14.8%.
Should I hold both IVV and QLTI?
IVV and QLTI have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QLTI?
IVV and QLTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, IVV or QLTI?
IVV yields 1.10% while QLTI yields 0.60%, so IVV currently pays the higher dividend yield.
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