IVV vs QYLD
iShares Core S&P 500 ETF vs Global X NASDAQ 100 Covered Call ETF
Quick Verdict
IVV has a lower expense ratio. QYLD delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | QYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $8.3B | |
| Dividend Yield | 1.10% | 11.90% | |
| Holdings | 508 | 105 | |
| YTD Return | +12.28% | +10.61% | |
| 1Y Return | +20.94% | +23.24% | |
| 3Y Return (annualized) | +21.81% | +14.69% | |
| 5Y Return (annualized) | +13.05% | +8.03% | |
| Volatility (annualized) | 15.1% | 11.0% | |
| Max Drawdown | -56.5% | -30.7% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 11, 2013 |
IVV vs QYLD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X NASDAQ 100 Covered Call ETF (QYLD) is a ETF from Global X by mirae Asset. Over the past year IVV returned +20.94% while QYLD returned +23.24%. Year to date, IVV is up 12.28% versus a gain of 10.61% for QYLD.
Over three years, IVV compounded at +21.81% per year against +14.69% for QYLD; over five years the annualized figures are +13.05% and +8.03% respectively. Across the full 13-year window we track, IVV has the edge at +6.98% annualized vs +2.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.0% for QYLD. 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 -30.7% for QYLD. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QYLD charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 11.90% for QYLD.
Holdings Overlap
IVV and QYLD share 86 holdings out of 521 unique holdings combined, representing a 53.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or QYLD?
IVV has an expense ratio of 0.03% while QYLD charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or QYLD?
Over the past year IVV returned +20.94% vs +23.24% for QYLD, so QYLD leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +6.98% vs +2.85% for QYLD. Past performance does not guarantee future results.
Which is riskier, IVV or QYLD?
IVV has been the more volatile fund at 15.1% annualized versus 11.0% for QYLD. Worst drawdown: IVV -56.5% vs QYLD -30.7%.
Should I hold both IVV and QYLD?
IVV and QYLD have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QYLD?
IVV and QYLD share 86 common holdings with a 53.6% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, IVV or QYLD?
IVV yields 1.10% while QYLD yields 11.90%, so QYLD currently pays the higher dividend yield.
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