IVV vs QQA
iShares Core S&P 500 ETF vs Invesco QQQ Income Advantage ETF
Which is better, IVV or QQA?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. QQA led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.0%.
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 | QQA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $876.4B | $850M |
| Dividend Yield | 1.06% | 9.92% |
| Holdings | 508 | 122 |
| YTD Return | +12.27% | +14.16%Best |
| 1Y Return | +17.04% | +19.47%Best |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 12.2%Best | 12.6% |
| Max Drawdown | -18.8%Best | -19.7% |
| $10,000 over 2.2 years | $14,107 | $14,519Best |
| Top 10 Weight | 37.8%Best | 51.0% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Jul 17, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Sep 17, 2026 (2.2 years).
IVV vs QQA 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 2.2 years both funds cover.
IVV vs QQA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US). Over the past year IVV returned +17.04% while QQA returned +19.47%. Year to date, IVV is up 12.27% versus a gain of 14.16% for QQA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQA has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 12.2% 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 -19.7% for QQA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 QQA charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 9.92% for QQA.
Holdings Overlap
53.6% of IVV's money is in holdings QQA also owns. 71.5% of QQA's money is in holdings IVV also owns.
Most of QQA is already inside IVV. Owning both mostly buys the same companies twice.
88 positions in common, counted across the 490 positions we hold weights for in IVV and 108 in QQA, against full books of 508 and 122.
What only one of them owns
Our book lists 11 positions for QQA that do not appear in our book for IVV (19.8% of the fund), and 394 for IVV that do not appear in QQA (45.1%).
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 QQA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 6.62% | 1.45% |
| AAPLApple, Inc | 7.02% | 5.77% | 1.25% |
| MSFTMicrosoft Corp | 5.69% | 4.68% | 1.01% |
| AMZNAmazon.Com Inc | 3.84% | 3.46% | 0.38% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.45% | 0.55% |
| MUMicron Technology, Inc. | 1.63% | 3.70% | 2.07% |
| AVGOBroadcom Inc | 2.65% | 2.18% | 0.47% |
| GOOGAlphabet Inc | 2.39% | 2.27% | 0.12% |
| METAMeta Platforms Inc | 1.90% | 2.10% | 0.20% |
| TSLATesla Inc | 1.56% | 2.28% | 0.72% |
71.5% of QQA 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 QQA?
IVV has an expense ratio of 0.03% while QQA charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or QQA?
Over the past year IVV returned +17.04% vs +19.47% for QQA, so QQA leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.93% vs +18.47% for QQA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QQA?
QQA has been the more volatile fund at 12.6% annualized versus 12.2% for IVV. Worst drawdown: IVV -18.8% vs QQA -19.7%.
Should I hold both IVV and QQA?
IVV and QQA have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and QQA?
71.5% of QQA's money is in holdings IVV also owns. 71.5% of QQA's is in holdings IVV also owns. They hold 88 positions in common, counted across the 490 positions we hold weights for in IVV and 108 in QQA.
Which pays a higher dividend, IVV or QQA?
IVV yields 1.06% while QQA yields 9.92%, so QQA currently pays the higher dividend yield.
Is QQA better than IVV?
IVV has a lower expense ratio. QQA led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.