IVV vs QVMT
iShares Core S&P 500 ETF vs Invesco S&P 500 Concentrated QVM ETF
Which is better, IVV or QVMT?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QVMT over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 42.6%.
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 | QVMT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.13% |
| AUM | $876.4B | $132M |
| Dividend Yield | 1.06% | 1.89% |
| Holdings | 508 | 103 |
| YTD Return | +11.51% | +14.38%Best |
| 1Y Return | +15.96% | +21.96%Best |
| 3Y Return (annualized) | +21.01%Best | +18.82% |
| 5Y Return (annualized) | +12.66%Best | +12.01% |
| Volatility (annualized) | 15.1%Best | 20.1% |
| Max Drawdown | -33.9%Best | -48.7% |
| $10,000 over 5 years | $18,149Best | $17,631 |
| Top 10 Weight | 37.8%Best | 42.6% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 9, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2015 to Sep 15, 2026 (10.9 years).
IVV vs QVMT 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 10.9 years both funds cover.
IVV vs QVMT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 Concentrated QVM ETF (QVMT) is an ETF from Invesco (US). Over the past year IVV returned +15.96% while QVMT returned +21.96%. Year to date, IVV is up 11.51% versus a gain of 14.38% for QVMT.
Over three years, IVV compounded at +21.01% per year against +18.82% for QVMT; over five years the annualized figures are +12.66% and +12.01% respectively. Across the full 11-year window we track, IVV has the edge at +13.67% annualized vs +10.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -33.9% for IVV and -48.7% for QVMT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QVMT charges 0.13%. On a $10,000 position that is $3 vs $13 annually, a gap of $10 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.89% for QVMT.
Holdings Overlap
17.3% of IVV's money is in holdings QVMT also owns. 99.4% of QVMT's money is in holdings IVV also owns.
Most of QVMT is already inside IVV. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in QVMT, against full books of 508 and 103.
What only one of them owns
Measured across the 490 and 101 positions we hold weights for.
IVV holds 384 positions QVMT does not, 81.3% of the fund.
Largest: NVDA 8.07%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%, AVGO 2.65%
Top Shared Holdings
| Stock | Weight in IVV | Weight in QVMT | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 5.32% | 1.70% |
| XOMExxon Mobil Corp. | 1.01% | 5.27% | 4.26% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 4.56% | 3.90% |
| LRCXLrcx Uw Equity | 0.57% | 4.59% | 4.02% |
| CATCaterpillar, Inc. | 0.55% | 4.56% | 4.01% |
| SNDKSandisk Corp/De | 0.35% | 4.59% | 4.24% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 0.36% | 4.54% | 4.18% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.23% | 3.37% | 3.14% |
| KLACKla Corp | 0.35% | 2.90% | 2.55% |
| NEMNewmont Corp Common | 0.20% | 2.90% | 2.70% |
99.4% of QVMT is already inside IVV.
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 QVMT?
IVV has an expense ratio of 0.03% while QVMT charges 0.13%. IVV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, IVV or QVMT?
Over the past year IVV returned +15.96% vs +21.96% for QVMT, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +13.67% vs +10.38% for QVMT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QVMT?
QVMT has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs QVMT -48.7%.
Should I hold both IVV and QVMT?
IVV and QVMT have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and QVMT?
99.4% of QVMT's money is in holdings IVV also owns. 99.4% of QVMT's is in holdings IVV also owns. They hold 98 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in QVMT.
Which pays a higher dividend, IVV or QVMT?
IVV yields 1.06% while QVMT yields 1.89%, so QVMT currently pays the higher dividend yield.
Is QVMT better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, QVMT over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 42.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.