IVV vs QRMI
iShares Core S&P 500 ETF vs Global X NASDAQ 100 Risk Managed Income 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 | QRMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $15M | |
| Dividend Yield | 1.10% | 12.58% | |
| Holdings | 508 | 109 | |
| YTD Return | +12.71% | +2.50% | |
| 1Y Return | +21.89% | +9.38% | |
| 3Y Return (annualized) | +22.08% | +7.66% | |
| 5Y Return (annualized) | +12.96% | +1.72% | |
| Volatility (annualized) | 15.1% | 7.7% | |
| Max Drawdown | -56.5% | -20.9% | |
| Fund Family | iShares by BlackRock (US) | GLOBALXETFS | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 25, 2021 |
IVV vs QRMI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is a ETF from GLOBALXETFS. Over the past year IVV returned +21.89% while QRMI returned +9.38%. Year to date, IVV is up 12.71% versus a gain of 2.50% for QRMI.
Over three years, IVV compounded at +22.08% per year against +7.66% for QRMI; over five years the annualized figures are +12.96% and +1.72% respectively. Across the full 5-year window we track, IVV has the edge at +7.00% annualized vs +1.72%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.7% for QRMI. 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 -20.9% for QRMI. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QRMI charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 12.58% for QRMI.
Holdings Overlap
IVV and QRMI share 87 holdings out of 521 unique holdings combined, representing a 53.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or QRMI?
IVV has an expense ratio of 0.03% while QRMI charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or QRMI?
Over the past year IVV returned +21.89% vs +9.38% for QRMI, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +1.72% for QRMI. Past performance does not guarantee future results.
Which is riskier, IVV or QRMI?
IVV has been the more volatile fund at 15.1% annualized versus 7.7% for QRMI. Worst drawdown: IVV -56.5% vs QRMI -20.9%.
Should I hold both IVV and QRMI?
IVV and QRMI have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QRMI?
IVV and QRMI share 87 common holdings with a 53.6% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, IVV or QRMI?
IVV yields 1.10% while QRMI yields 12.58%, so QRMI currently pays the higher dividend yield.
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