IVV vs QOWZ
iShares Core S&P 500 ETF vs Invesco Nasdaq Free Cash Flow Achievers ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QOWZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $907.0B | $10M | |
| Dividend Yield | 1.10% | 0.25% | |
| Holdings | 508 | 52 | |
| YTD Return | +12.71% | +5.54% | |
| 1Y Return | +21.89% | +5.35% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 13.9% | |
| Max Drawdown | -56.5% | -20.4% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 6, 2023 |
IVV vs QOWZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while QOWZ returned +5.35%. Year to date, IVV is up 12.71% versus a gain of 5.54% for QOWZ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.9% for QOWZ. 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 -20.4% for QOWZ. 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 0.85. 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 1.10% against 0.25% for QOWZ.
Holdings Overlap
IVV and QOWZ share 33 holdings out of 522 unique holdings combined, representing a 13.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or QOWZ?
Over the past year IVV returned +21.89% vs +5.35% for QOWZ, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +18.70% for QOWZ. Past performance does not guarantee future results.
Which is riskier, IVV or QOWZ?
IVV has been the more volatile fund at 15.1% annualized versus 13.9% for QOWZ. Worst drawdown: IVV -56.5% vs QOWZ -20.4%.
Should I hold both IVV and QOWZ?
IVV and QOWZ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QOWZ?
IVV and QOWZ share 33 common holdings with a 13.7% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IVV or QOWZ?
IVV yields 1.10% while QOWZ yields 0.25%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.