IVV vs QOWZ
iShares Core S&P 500 ETF vs Invesco Nasdaq Free Cash Flow Achievers ETF
Which is better, IVV or QOWZ?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.5%.
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 | QOWZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.39% |
| AUM | $882.6B | $10M |
| Dividend Yield | 1.06% | 0.23% |
| Holdings | 508 | 106 |
| YTD Return | +14.90%Best | +5.73% |
| 1Y Return | +17.30%Best | +2.85% |
| 3Y Return (annualized) | +23.04% | - |
| 5Y Return (annualized) | +13.97% | - |
| Volatility (annualized) | 11.6%Best | 14.4% |
| Max Drawdown | -18.8%Best | -20.4% |
| $10,000 over 2.8 years | $17,639Best | $15,824 |
| Top 10 Weight | 38.1%Best | 41.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Dec 6, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 9, 2026 (2.8 years).
IVV vs QOWZ 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 2.8 years both funds cover.
IVV vs QOWZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an ETF from Invesco (US). Over the past year IVV returned +17.30% while QOWZ returned +2.85%. Year to date, IVV is up 14.90% versus a gain of 5.73% for QOWZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QOWZ has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 11.6% 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 -20.4% for QOWZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QOWZ charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.23% for QOWZ.
Holdings Overlap
13.8% of IVV's money is in holdings QOWZ also owns. 80.0% of QOWZ's money is in holdings IVV also owns.
Most of QOWZ is already inside IVV. Owning both mostly buys the same companies twice.
33 positions in common, counted across the 505 positions we hold weights for in IVV and 51 in QOWZ, against full books of 508 and 106.
What only one of them owns
Our book lists 18 positions for QOWZ that do not appear in our book for IVV (20.0% of the fund), and 465 for IVV that do not appear in QOWZ (85.5%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in QOWZ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.00% | 9.97% | 1.97% |
| AVGOBroadcom Inc | 2.59% | 5.79% | 3.20% |
| MAMastercard Inc | 0.70% | 4.81% | 4.11% |
| CRMSalesforce Inc Crm Us Equity | 0.31% | 3.83% | 3.52% |
| KLACKla Corp | 0.36% | 3.26% | 2.90% |
| NOWServicenow, Inc | 0.21% | 2.95% | 2.74% |
| ADPAutomatic Data Processing, Inc. | 0.16% | 2.97% | 2.81% |
| FTNTFortinet Inc | 0.15% | 2.89% | 2.74% |
| ADBEAdobe Systems | 0.15% | 2.51% | 2.36% |
| VEEVVeeva Systems Inc | 0.06% | 2.49% | 2.43% |
80.0% of QOWZ 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 QOWZ?
IVV has an expense ratio of 0.03% while QOWZ charges 0.39%. IVV is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, IVV or QOWZ?
Over the past year IVV returned +17.30% vs +2.85% for QOWZ, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QOWZ?
QOWZ has been the more volatile fund at 14.4% annualized versus 11.6% for IVV. Worst drawdown: IVV -18.8% vs QOWZ -20.4%.
Should I hold both IVV and QOWZ?
IVV and QOWZ have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and QOWZ?
80.0% of QOWZ's money is in holdings IVV also owns. 80.0% of QOWZ's is in holdings IVV also owns. They hold 33 positions in common, counted across the 505 positions we hold weights for in IVV and 51 in QOWZ.
Which pays a higher dividend, IVV or QOWZ?
IVV yields 1.06% while QOWZ yields 0.23%, so IVV currently pays the higher dividend yield.
Is QOWZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.