IVV vs QLVE
iShares Core S&P 500 ETF vs Northern Trust Emerging Markets Quality Low Volatility ETF
Which is better, IVV or QLVE?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QLVE over 1Y. QLVE is less concentrated, with 36.6% 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 | QLVE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.18% |
| AUM | $886.7B | $17M |
| Dividend Yield | 1.10% | 2.62% |
| Holdings | 508 | 169 |
| YTD Return | +13.39% | +16.56%Best |
| 1Y Return | +20.08% | +27.48%Best |
| 3Y Return (annualized) | +21.29%Best | +18.53% |
| 5Y Return (annualized) | +12.88%Best | +7.76% |
| Volatility (annualized) | 16.5% | 13.1%Best |
| Max Drawdown | -33.9% | -30.0%Best |
| $10,000 over 5 years | $18,327Best | $14,531 |
| Top 10 Weight | 37.9% | 36.6%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 4, 2026 (7.1 years).
IVV vs QLVE 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 7.1 years both funds cover.
IVV vs QLVE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust Emerging Markets Quality Low Volatility ETF (QLVE) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +20.08% while QLVE returned +27.48%. Year to date, IVV is up 13.39% versus a gain of 16.56% for QLVE.
Over three years, IVV compounded at +21.29% per year against +18.53% for QLVE; over five years the annualized figures are +12.88% and +7.76% respectively. Across the full 7-year window we track, IVV has the edge at +15.36% annualized vs +6.88%.
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 13.1% for QLVE. 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 -30.0% for QLVE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QLVE charges 0.18%. On a $10,000 position that is $3 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.62% for QLVE.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 139 in QLVE, totalling 100.0% and 97.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 139 in QLVE, against full books of 508 and 169.
What only one of them owns
Our book lists 2 positions for QLVE that do not appear in our book for IVV (0.8% of the fund), and 497 for IVV that do not appear in QLVE (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 QLVE 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 QLVE?
IVV has an expense ratio of 0.03% while QLVE charges 0.18%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IVV or QLVE?
Over the past year IVV returned +20.08% vs +27.48% for QLVE, so QLVE leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +15.36% vs +6.88% for QLVE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QLVE?
IVV has been the more volatile fund at 16.5% annualized versus 13.1% for QLVE. Worst drawdown: IVV -33.9% vs QLVE -30.0%.
Should I hold both IVV and QLVE?
IVV and QLVE have a monthly-return correlation of 0.70, 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 QLVE?
IVV yields 1.10% while QLVE yields 2.62%, so QLVE currently pays the higher dividend yield.
Is QLVE better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QLVE over 1Y. QLVE is less concentrated, with 36.6% 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.