IVV vs QVMS
iShares Core S&P 500 ETF vs Invesco S&P SmallCap 600 QVM Multi-factor ETF
Which is better, IVV or QVMS?
Large Cap Blend against Small Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QVMS over 1Y. QVMS is less concentrated, with 6.2% 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 | QVMS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.15% |
| AUM | $876.4B | $245M |
| Dividend Yield | 1.06% | 1.15% |
| Holdings | 508 | 543 |
| YTD Return | +11.03% | +16.10%Best |
| 1Y Return | +15.62% | +19.11%Best |
| 3Y Return (annualized) | +20.81%Best | +15.02% |
| 5Y Return (annualized) | +12.61%Best | +7.64% |
| Volatility (annualized) | 15.6%Best | 19.9% |
| Max Drawdown | -24.5%Best | -28.4% |
| $10,000 over 5 years | $18,109Best | $14,450 |
| Top 10 Weight | 37.8% | 6.2%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Jun 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Sep 16, 2026 (5.2 years).
IVV vs QVMS 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 5.2 years both funds cover.
IVV vs QVMS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an ETF from Invesco (US). Over the past year IVV returned +15.62% while QVMS returned +19.11%. Year to date, IVV is up 11.03% versus a gain of 16.10% for QVMS.
Over three years, IVV compounded at +20.81% per year against +15.02% for QVMS; over five years the annualized figures are +12.61% and +7.64% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMS has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 15.6% 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 -24.5% for IVV and -28.4% for QVMS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 QVMS 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 1.15% for QVMS.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 523 in QVMS, totalling 99.3% and 99.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 523 in QVMS, against full books of 508 and 543.
What only one of them owns
Our book lists 510 positions for QVMS that do not appear in our book for IVV (96.8% of the fund), and 482 for IVV that do not appear in QVMS (98.6%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and QVMS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or QVMS?
IVV has an expense ratio of 0.03% while QVMS charges 0.15%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, IVV or QVMS?
Over the past year IVV returned +15.62% vs +19.11% for QVMS, so QVMS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QVMS?
QVMS has been the more volatile fund at 19.9% annualized versus 15.6% for IVV. Worst drawdown: IVV -24.5% vs QVMS -28.4%.
Should I hold both IVV and QVMS?
IVV and QVMS have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or QVMS?
IVV yields 1.06% while QVMS yields 1.15%, so QVMS currently pays the higher dividend yield.
Is QVMS better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QVMS over 1Y. QVMS is less concentrated, with 6.2% 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.