IVV vs SPHQ
iShares Core S&P 500 ETF vs Invesco S&P 500 Quality ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $19.5B | |
| Dividend Yield | 1.09% | 1.04% | |
| Holdings | 508 | 102 | |
| YTD Return | +14.50% | +16.67% | |
| 1Y Return | +22.02% | +21.33% | |
| 3Y Return (annualized) | +21.80% | +20.58% | |
| 5Y Return (annualized) | +13.37% | +12.94% | |
| Volatility (annualized) | 15.1% | 15.4% | |
| Max Drawdown | -56.5% | -57.8% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 6, 2005 |
IVV vs SPHQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Quality ETF (SPHQ) is a ETF from Invesco (US). Over the past year IVV returned +22.02% while SPHQ returned +21.33%. Year to date, IVV is up 14.50% versus a gain of 16.67% for SPHQ.
Over three years, IVV compounded at +21.80% per year against +20.58% for SPHQ; over five years the annualized figures are +13.37% and +12.94% respectively. Across the full 21-year window we track, SPHQ has the edge at +9.08% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHQ has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -57.8% for SPHQ. 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 0.90. 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 SPHQ 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 1.09% against 1.04% for SPHQ.
Holdings Overlap
IVV and SPHQ share 99 holdings out of 506 unique holdings combined, representing a 18.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPHQ?
IVV has an expense ratio of 0.03% while SPHQ 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 SPHQ?
Over the past year IVV returned +22.02% vs +21.33% for SPHQ, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.07% vs +9.08% for SPHQ. Past performance does not guarantee future results.
Which is riskier, IVV or SPHQ?
SPHQ has been the more volatile fund at 15.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPHQ -57.8%.
Should I hold both IVV and SPHQ?
IVV and SPHQ have a monthly-return correlation of 0.90, 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 SPHQ?
IVV and SPHQ share 99 common holdings with a 18.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPHQ?
IVV yields 1.09% while SPHQ yields 1.04%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.