IVV vs QVML
iShares Core S&P 500 ETF vs Invesco S&P 500 QVM Multi-factor 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 | QVML | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.11% | |
| AUM | $907.0B | $1.6B | |
| Dividend Yield | 1.10% | 1.02% | |
| Holdings | 508 | 453 | |
| YTD Return | +12.39% | +13.04% | |
| 1Y Return | +20.24% | +19.86% | |
| 3Y Return (annualized) | +21.78% | +21.88% | |
| 5Y Return (annualized) | +12.84% | +12.95% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -56.5% | -23.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 28, 2021 |
IVV vs QVML Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 QVM Multi-factor ETF (QVML) is a ETF from Invesco (US). Over the past year IVV returned +20.24% while QVML returned +19.86%. Year to date, IVV is up 12.39% versus a gain of 13.04% for QVML.
Over three years, IVV compounded at +21.78% per year against +21.88% for QVML; over five years the annualized figures are +12.84% and +12.95% respectively. Across the full 5-year window we track, QVML has the edge at +13.53% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVML has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -23.5% for QVML. 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 0.99. 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 QVML charges 0.11%. On a $10,000 position that is $3 vs $11 annually, a gap of $8 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.02% for QVML.
Holdings Overlap
IVV and QVML share 436 holdings out of 516 unique holdings combined, representing a 82.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or QVML?
IVV has an expense ratio of 0.03% while QVML charges 0.11%. IVV is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, IVV or QVML?
Over the past year IVV returned +20.24% vs +19.86% for QVML, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.98% vs +13.53% for QVML. Past performance does not guarantee future results.
Which is riskier, IVV or QVML?
QVML has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QVML -23.5%.
Should I hold both IVV and QVML?
IVV and QVML have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and QVML?
IVV and QVML share 436 common holdings with a 82.8% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or QVML?
IVV yields 1.10% while QVML yields 1.02%, so IVV currently pays the higher dividend yield.
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