IVV vs QQUP
iShares Core S&P 500 ETF vs ProShares Ultra QQQ Mega
Quick Verdict
IVV has a lower expense ratio. QQUP delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QQUP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $907.0B | $29M | |
| Dividend Yield | 1.10% | 0.63% | |
| Holdings | 508 | 13 | |
| YTD Return | +12.71% | +8.56% | |
| 1Y Return | +21.89% | +28.71% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 48.6% | |
| Max Drawdown | -56.5% | -37.7% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 10, 2025 |
IVV vs QQUP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra QQQ Mega (QQUP) is a ETF from ProShares. Over the past year IVV returned +21.89% while QQUP returned +28.71%. Year to date, IVV is up 12.71% versus a gain of 8.56% for QQUP.
Risk: Volatility and Drawdowns
QQUP has been the more volatile fund, with annualized monthly volatility of 48.6% 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 -37.7% for QQUP. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QQUP charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.63% for QQUP.
Holdings Overlap
IVV and QQUP share 8 holdings out of 505 unique holdings combined, representing a 33.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or QQUP?
IVV has an expense ratio of 0.03% while QQUP charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or QQUP?
Over the past year IVV returned +21.89% vs +28.71% for QQUP, so QQUP leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +44.40% for QQUP. Past performance does not guarantee future results.
Which is riskier, IVV or QQUP?
QQUP has been the more volatile fund at 48.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QQUP -37.7%.
Should I hold both IVV and QQUP?
IVV and QQUP have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QQUP?
IVV and QQUP share 8 common holdings with a 33.7% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or QQUP?
IVV yields 1.10% while QQUP yields 0.63%, 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.