IVV vs QVMM
iShares Core S&P 500 ETF vs Invesco S&P MidCap 400 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 | QVMM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $907.0B | $445M | |
| Dividend Yield | 1.10% | 1.15% | |
| Holdings | 508 | 362 | |
| YTD Return | +13.51% | +15.30% | |
| 1Y Return | +20.65% | +19.14% | |
| 3Y Return (annualized) | +21.94% | +15.56% | |
| 5Y Return (annualized) | +12.95% | +8.25% | |
| Volatility (annualized) | 15.1% | 17.9% | |
| Max Drawdown | -56.5% | -24.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 28, 2021 |
IVV vs QVMM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is a ETF from Invesco (US). Over the past year IVV returned +20.65% while QVMM returned +19.14%. Year to date, IVV is up 13.51% versus a gain of 15.30% for QVMM.
Over three years, IVV compounded at +21.94% per year against +15.56% for QVMM; over five years the annualized figures are +12.95% and +8.25% respectively. Across the full 5-year window we track, QVMM has the edge at +8.55% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMM has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -24.3% for QVMM. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QVMM 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 1.10% against 1.15% for QVMM.
Holdings Overlap
IVV and QVMM share 1 holdings out of 864 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in QVMM | Difference |
|---|---|---|---|
| IPGP | 0.62% | 0.09% | 0.53% |
Frequently Asked Questions
Which is cheaper, IVV or QVMM?
IVV has an expense ratio of 0.03% while QVMM charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or QVMM?
Over the past year IVV returned +20.65% vs +19.14% for QVMM, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.02% vs +8.55% for QVMM. Past performance does not guarantee future results.
Which is riskier, IVV or QVMM?
QVMM has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QVMM -24.3%.
Should I hold both IVV and QVMM?
IVV and QVMM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QVMM?
IVV and QVMM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 864 unique securities.
Which pays a higher dividend, IVV or QVMM?
IVV yields 1.10% while QVMM yields 1.15%, so QVMM currently pays the higher dividend yield.
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