IVV vs QXQ
iShares Core S&P 500 ETF vs SGI Enhanced Nasdaq-100 ETF
Quick Verdict
IVV has a lower expense ratio. QXQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QXQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.98% | |
| AUM | $907.0B | $83M | |
| Dividend Yield | 1.10% | 16.06% | |
| Holdings | 508 | 32 | |
| YTD Return | +12.71% | +16.19% | |
| 1Y Return | +21.89% | +28.17% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 18.8% | |
| Max Drawdown | -56.5% | -22.5% | |
| Fund Family | iShares by BlackRock (US) | Summit Global Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 14, 2024 |
IVV vs QXQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SGI Enhanced Nasdaq-100 ETF (QXQ) is a ETF from Summit Global Investments. Over the past year IVV returned +21.89% while QXQ returned +28.17%. Year to date, IVV is up 12.71% versus a gain of 16.19% for QXQ.
Risk: Volatility and Drawdowns
QXQ has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -22.5% for QXQ. 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 0.92. 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 QXQ charges 0.98%. On a $10,000 position that is $3 vs $98 annually, a gap of $95 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 16.06% for QXQ.
Holdings Overlap
IVV and QXQ share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or QXQ?
IVV has an expense ratio of 0.03% while QXQ charges 0.98%. IVV is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, IVV or QXQ?
Over the past year IVV returned +21.89% vs +28.17% for QXQ, so QXQ leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +27.28% for QXQ. Past performance does not guarantee future results.
Which is riskier, IVV or QXQ?
QXQ has been the more volatile fund at 18.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QXQ -22.5%.
Should I hold both IVV and QXQ?
IVV and QXQ have a monthly-return correlation of 0.92, 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 QXQ?
IVV and QXQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or QXQ?
IVV yields 1.10% while QXQ yields 16.06%, so QXQ currently pays the higher dividend yield.
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