IVV vs QLVD
iShares Core S&P 500 ETF vs Northern Trust Developed Markets ex-US Quality Low Volatility ETF
Which is better, IVV or QLVD?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. QLVD is less concentrated, with 20.6% of the fund in its ten largest positions against 37.9%.
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 | QLVD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.12% |
| AUM | $876.4B | $54M |
| Dividend Yield | 1.06% | 2.90% |
| Holdings | 508 | 209 |
| YTD Return | +11.57%Best | +8.31% |
| 1Y Return | +17.57%Best | +11.25% |
| 3Y Return (annualized) | +20.71%Best | +13.88% |
| 5Y Return (annualized) | +12.80%Best | +6.58% |
| Volatility (annualized) | 16.5% | 12.9%Best |
| Max Drawdown | -33.9% | -28.4%Best |
| $10,000 over 5 years | $18,262Best | $13,752 |
| Top 10 Weight | 37.9% | 20.6%Best |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jul 15, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2019 to Sep 10, 2026 (7.2 years).
IVV vs QLVD 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 7.2 years both funds cover.
IVV vs QLVD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust Developed Markets ex-US Quality Low Volatility ETF (QLVD) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +17.57% while QLVD returned +11.25%. Year to date, IVV is up 11.57% versus a gain of 8.31% for QLVD.
Over three years, IVV compounded at +20.71% per year against +13.88% for QLVD; over five years the annualized figures are +12.80% and +6.58% respectively. Across the full 7-year window we track, IVV has the edge at +15.06% annualized vs +6.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.9% for QLVD. 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 -33.9% for IVV and -28.4% for QLVD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QLVD charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.90% for QLVD.
Holdings Overlap
0.1% of IVV's money is in holdings QLVD also owns. 0.8% of QLVD's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 505 positions we hold weights for in IVV and 173 in QLVD, against full books of 508 and 209.
What only one of them owns
Our book lists 4 positions for QLVD that do not appear in our book for IVV (3.1% of the fund), and 494 for IVV that do not appear in QLVD (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and QLVD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or QLVD?
IVV has an expense ratio of 0.03% while QLVD charges 0.12%. IVV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IVV or QLVD?
Over the past year IVV returned +17.57% vs +11.25% for QLVD, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +15.06% vs +6.85% for QLVD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QLVD?
IVV has been the more volatile fund at 16.5% annualized versus 12.9% for QLVD. Worst drawdown: IVV -33.9% vs QLVD -28.4%.
Should I hold both IVV and QLVD?
IVV and QLVD have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or QLVD?
IVV yields 1.06% while QLVD yields 2.90%, so QLVD currently pays the higher dividend yield.
Is QLVD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. QLVD is less concentrated, with 20.6% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.