IVV vs QUS
iShares Core S&P 500 ETF vs State Street SPDR MSCI USA StrategicFactors ETF
Which is better, IVV or QUS?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. QUS is less concentrated, with 22.0% of the fund in its ten largest positions against 37.8%.
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 | QUS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.15% |
| AUM | $876.4B | $1.6B |
| Dividend Yield | 1.06% | 1.25% |
| Holdings | 508 | 529 |
| YTD Return | +13.32%Best | +10.64% |
| 1Y Return | +17.08%Best | +14.25% |
| 3Y Return (annualized) | +22.72%Best | +18.00% |
| 5Y Return (annualized) | +13.20%Best | +10.92% |
| Volatility (annualized) | 15.1% | 13.9%Best |
| Max Drawdown | -33.9% | -33.8%Best |
| $10,000 over 5 years | $18,588Best | $16,790 |
| Top 10 Weight | 37.8% | 22.0%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Apr 15, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Apr 16, 2015 to Sep 23, 2026 (11.4 years).
IVV vs QUS 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 11.4 years both funds cover.
IVV vs QUS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR MSCI USA StrategicFactors ETF (QUS) is an ETF from State Street Investment Management. Over the past year IVV returned +17.08% while QUS returned +14.25%. Year to date, IVV is up 13.32% versus a gain of 10.64% for QUS.
Over three years, IVV compounded at +22.72% per year against +18.00% for QUS; over five years the annualized figures are +13.20% and +10.92% respectively. Across the full 11-year window we track, IVV has the edge at +12.74% annualized vs +11.49%.
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 13.9% for QUS. 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 -33.9% for IVV and -33.8% for QUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 QUS charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.25% for QUS.
Holdings Overlap
96.7% of IVV's money is in holdings QUS also owns. 94.4% of QUS's money is in holdings IVV also owns.
Most of IVV is already inside QUS. Owning both mostly buys the same companies twice.
422 positions in common, counted across the 490 positions we hold weights for in IVV and 513 in QUS, against full books of 508 and 529.
What only one of them owns
Our book lists 60 positions for QUS that do not appear in our book for IVV (4.7% of the fund), and 63 for IVV that do not appear in QUS (2.1%).
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 QUS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 2.74% | 5.33% |
| AAPLApple, Inc | 7.02% | 3.02% | 4.00% |
| MSFTMicrosoft Corp | 5.69% | 3.64% | 2.05% |
| AMZNAmazon.Com Inc | 3.84% | 1.00% | 2.84% |
| GOOGLAlphabet Inc,class A | 3.00% | 1.28% | 1.72% |
| METAMeta Platforms Inc | 1.90% | 2.07% | 0.17% |
| LLYEli Lilly & Co. | 1.38% | 2.18% | 0.80% |
| GOOGAlphabet Inc | 2.39% | 1.14% | 1.25% |
| AVGOBroadcom Inc | 2.65% | 0.49% | 2.16% |
| VVisa Inc Class A | 0.95% | 1.99% | 1.04% |
96.7% of IVV is already inside QUS.
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 QUS?
IVV has an expense ratio of 0.03% while QUS charges 0.15%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, IVV or QUS?
Over the past year IVV returned +17.08% vs +14.25% for QUS, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +12.74% vs +11.49% for QUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QUS?
IVV has been the more volatile fund at 15.1% annualized versus 13.9% for QUS. Worst drawdown: IVV -33.9% vs QUS -33.8%.
Should I hold both IVV and QUS?
IVV and QUS have a monthly-return correlation of 0.96, 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 QUS?
96.7% of IVV's money is in holdings QUS also owns. 94.4% of QUS's is in holdings IVV also owns. They hold 422 positions in common, counted across the 490 positions we hold weights for in IVV and 513 in QUS.
Which pays a higher dividend, IVV or QUS?
IVV yields 1.06% while QUS yields 1.25%, so QUS currently pays the higher dividend yield.
Is QUS better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. QUS is less concentrated, with 22.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.