IVV vs QQQX
iShares Core S&P 500 ETF vs Nuveen NASDAQ 100 Dynamic Overwrite Fund
Quick Verdict
IVV has a lower expense ratio. QQQX delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QQQX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.92% | |
| AUM | $907.0B | $173M | |
| Dividend Yield | 1.10% | 7.98% | |
| Holdings | 508 | 284 | |
| YTD Return | +12.76% | +12.18% | |
| 1Y Return | +20.63% | +23.98% | |
| 3Y Return (annualized) | +21.71% | +18.90% | |
| 5Y Return (annualized) | +12.87% | +8.52% | |
| Volatility (annualized) | 15.1% | 20.2% | |
| Max Drawdown | -56.5% | -63.4% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 30, 2007 |
IVV vs QQQX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is a ETF from Nuveen. Over the past year IVV returned +20.63% while QQQX returned +23.98%. Year to date, IVV is up 12.76% versus a gain of 12.18% for QQQX.
Over three years, IVV compounded at +21.71% per year against +18.90% for QQQX; over five years the annualized figures are +12.87% and +8.52% respectively. Across the full 20-year window we track, IVV has the edge at +6.99% annualized vs +4.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQX has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 15.1% 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 -56.5% for IVV and -63.4% for QQQX. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QQQX charges 0.92%. On a $10,000 position that is $3 vs $92 annually, a gap of $89 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 7.98% for QQQX.
Holdings Overlap
IVV and QQQX share 115 holdings out of 651 unique holdings combined, representing a 46.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or QQQX?
IVV has an expense ratio of 0.03% while QQQX charges 0.92%. IVV is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, IVV or QQQX?
Over the past year IVV returned +20.63% vs +23.98% for QQQX, so QQQX leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.99% vs +4.41% for QQQX. Past performance does not guarantee future results.
Which is riskier, IVV or QQQX?
QQQX has been the more volatile fund at 20.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QQQX -63.4%.
Should I hold both IVV and QQQX?
IVV and QQQX have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QQQX?
IVV and QQQX share 115 common holdings with a 46.8% weight overlap. Combined, they hold 651 unique securities.
Which pays a higher dividend, IVV or QQQX?
IVV yields 1.10% while QQQX yields 7.98%, so QQQX currently pays the higher dividend yield.
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