IVV vs QLTY
iShares Core S&P 500 ETF vs GMO US Quality ETF
Which is better, IVV or QLTY?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over the full window, QLTY over 1Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.3%.
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 | QLTY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $5.2B |
| Dividend Yield | 1.06% | 0.70% |
| Holdings | 508 | 45 |
| YTD Return | +14.15%Best | +12.22% |
| 1Y Return | +17.31% | +19.16%Best |
| 3Y Return (annualized) | +23.17% | - |
| 5Y Return (annualized) | +13.85% | - |
| Volatility (annualized) | 11.7%Best | 12.0% |
| Max Drawdown | -18.8% | -17.0%Best |
| $10,000 over 2.9 years | $18,056Best | $17,657 |
| Top 10 Weight | 37.8%Best | 44.3% |
| Fund Family | iShares by BlackRock (US) | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 13, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Sep 21, 2026 (2.9 years).
IVV vs QLTY 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 2.9 years both funds cover.
IVV vs QLTY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year IVV returned +17.31% while QLTY returned +19.16%. Year to date, IVV is up 14.15% versus a gain of 12.22% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.7% 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 -18.8% for IVV and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 QLTY charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.70% for QLTY.
Holdings Overlap
43.8% of IVV's money is in holdings QLTY also owns. 93.5% of QLTY's money is in holdings IVV also owns.
Most of QLTY is already inside IVV. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in QLTY, against full books of 508 and 45.
What only one of them owns
Measured across the 490 and 44 positions we hold weights for.
IVV holds 443 positions QLTY does not, 54.9% of the fund.
Largest: GOOG 2.39%, MU 1.63%, TSLA 1.56%, JPM 1.44%, BRK.B 1.39%
Top Shared Holdings
| Stock | Weight in IVV | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | 7.70% | 2.01% |
| AAPLApple, Inc | 7.02% | 4.60% | 2.42% |
| NVDANvidia Corp | 8.07% | 2.70% | 5.37% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.80% | 1.80% |
| AMZNAmazon.Com Inc | 3.84% | 3.60% | 0.24% |
| AVGOBroadcom Inc | 2.65% | 3.60% | 0.95% |
| METAMeta Platforms Inc | 1.90% | 4.10% | 2.20% |
| JNJJohnson & Johnson - Common | 0.97% | 4.50% | 3.53% |
| LRCXLam Research Corp | 0.57% | 3.90% | 3.33% |
| TMOThermo Fisherscientific Inc. | 0.35% | 4.10% | 3.75% |
93.5% of QLTY 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 QLTY?
IVV has an expense ratio of 0.03% while QLTY charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or QLTY?
Over the past year IVV returned +17.31% vs +19.16% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QLTY?
QLTY has been the more volatile fund at 12.0% annualized versus 11.7% for IVV. Worst drawdown: IVV -18.8% vs QLTY -17.0%.
Should I hold both IVV and QLTY?
IVV and QLTY have a monthly-return correlation of 0.94, 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 QLTY?
93.5% of QLTY's money is in holdings IVV also owns. 93.5% of QLTY's is in holdings IVV also owns. They hold 39 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in QLTY.
Which pays a higher dividend, IVV or QLTY?
IVV yields 1.06% while QLTY yields 0.70%, so IVV currently pays the higher dividend yield.
Is QLTY better than IVV?
IVV has a lower expense ratio. IVV led over the full window, QLTY over 1Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.