IVV vs QQXL
iShares Core S&P 500 ETF vs ProShares Ultra QQQ Top 30
Which is better, IVV or QQXL?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. QQXL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | QQXL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $876.4B | $5M |
| Dividend Yield | 1.06% | 0.80% |
| Holdings | 508 | 35 |
| YTD Return | +12.51% | +29.03%Best |
| 1Y Return | +17.57% | +38.10%Best |
| 3Y Return (annualized) | +21.27% | - |
| 5Y Return (annualized) | +12.95% | - |
| Volatility (annualized) | 12.9%Best | 48.4% |
| Max Drawdown | -8.9%Best | -27.3% |
| $10,000 over 1.1 years | $12,072 | $14,056Best |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Aug 13, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 15, 2025 to Sep 11, 2026 (1.1 years).
IVV vs QQXL 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 1.1 years both funds cover.
IVV vs QQXL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra QQQ Top 30 (QQXL) is an ETF from ProShares. Over the past year IVV returned +17.57% while QQXL returned +38.10%. Year to date, IVV is up 12.51% versus a gain of 29.03% for QQXL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQXL has been the more volatile fund, with annualized monthly volatility of 48.4% compared with 12.9% 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 -8.9% for IVV and -27.3% for QQXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 QQXL 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 1.06% against 0.80% for QQXL.
Holdings Overlap
At least 47.3% of IVV's money is in holdings QQXL also owns.
Stated as a floor: for QQXL, our book for it covers 10.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
30 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in QQXL, against full books of 508 and 35.
Top Shared Holdings
| Stock | Weight in IVV | Weight in QQXL | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 1.23% | 6.75% |
| AAPLApple, Inc | 6.86% | 1.06% | 5.80% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 0.85% | 4.59% |
| AMZNAmazon.Com Inc | 4.01% | 0.68% | 3.33% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 0.49% | 2.70% |
| AVGOBroadcom Inc | 2.98% | 0.46% | 2.52% |
| GOOGAlphabet Inc | 2.56% | 0.46% | 2.10% |
| METAMeta Platforms, Inc. | 1.94% | 0.41% | 1.53% |
| MUMicron Technology, Inc. | 1.51% | 0.65% | 0.86% |
| TSLATesla Inc | 1.36% | 0.38% | 0.98% |
47.3% of IVV is already inside QQXL.
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 QQXL?
IVV has an expense ratio of 0.03% while QQXL charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or QQXL?
Over the past year IVV returned +17.57% vs +38.10% for QQXL, so QQXL leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +18.67% vs +36.28% for QQXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QQXL?
QQXL has been the more volatile fund at 48.4% annualized versus 12.9% for IVV. Worst drawdown: IVV -8.9% vs QQXL -27.3%.
Should I hold both IVV and QQXL?
IVV and QQXL have a monthly-return correlation of 0.91, 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 QQXL?
At least 47.3% of IVV's money is in holdings QQXL also owns. Our book for QQXL is partial, so the real figure is this or higher. They hold 30 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in QQXL.
Which pays a higher dividend, IVV or QQXL?
IVV yields 1.06% while QQXL yields 0.80%, so IVV currently pays the higher dividend yield.
Is QQXL better than IVV?
IVV has a lower expense ratio. QQXL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.