IVV vs QLTY
iShares Core S&P 500 ETF vs GMO US Quality ETF
Quick Verdict
IVV has a lower expense ratio. QLTY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | QLTY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $865.2B | $4.8B | |
| Dividend Yield | 1.09% | 0.88% | |
| Holdings | 508 | 43 | |
| YTD Return | +13.80% | +12.25% | |
| 1Y Return | +23.01% | +27.34% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 12.2% | |
| Max Drawdown | -56.5% | -17.0% | |
| Fund Family | iShares by BlackRock (US) | GMO | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 13, 2023 |
IVV vs QLTY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and GMO US Quality ETF (QLTY) is a ETF from GMO. Over the past year IVV returned +23.01% while QLTY returned +27.34%. Year to date, IVV is up 13.80% versus a gain of 12.25% for QLTY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.2% for QLTY. 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 -17.0% for QLTY. 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 0.94. 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 1.09% against 0.88% for QLTY.
Holdings Overlap
IVV and QLTY share 38 holdings out of 509 unique holdings combined, representing a 31.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or QLTY?
Over the past year IVV returned +23.01% vs +27.34% for QLTY, so QLTY leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +22.67% for QLTY. Past performance does not guarantee future results.
Which is riskier, IVV or QLTY?
IVV has been the more volatile fund at 15.1% annualized versus 12.2% for QLTY. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and QLTY?
IVV and QLTY share 38 common holdings with a 31.4% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or QLTY?
IVV yields 1.09% while QLTY yields 0.88%, so IVV currently pays the higher dividend yield.
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