IVV vs SPYQ
iShares Core S&P 500 ETF vs Tradr 2X Long SPY Quarterly ETF
Quick Verdict
IVV has a lower expense ratio. SPYQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPYQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $907.0B | $14M | |
| Dividend Yield | 1.10% | 0.15% | |
| Holdings | 508 | 9 | |
| YTD Return | +12.71% | +19.81% | |
| 1Y Return | +21.89% | +35.59% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 26.0% | |
| Max Drawdown | -56.5% | -35.9% | |
| Fund Family | iShares by BlackRock (US) | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Sep 30, 2024 |
IVV vs SPYQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tradr 2X Long SPY Quarterly ETF (SPYQ) is a ETF from Tradr ETFs. Over the past year IVV returned +21.89% while SPYQ returned +35.59%. Year to date, IVV is up 12.71% versus a gain of 19.81% for SPYQ.
Risk: Volatility and Drawdowns
SPYQ has been the more volatile fund, with annualized monthly volatility of 26.0% 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 -35.9% for SPYQ. 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 1.00. 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 SPYQ charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.15% for SPYQ.
Holdings Overlap
IVV and SPYQ share 0 holdings out of 506 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 SPYQ?
IVV has an expense ratio of 0.03% while SPYQ charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or SPYQ?
Over the past year IVV returned +21.89% vs +35.59% for SPYQ, so SPYQ leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +27.71% for SPYQ. Past performance does not guarantee future results.
Which is riskier, IVV or SPYQ?
SPYQ has been the more volatile fund at 26.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYQ -35.9%.
Should I hold both IVV and SPYQ?
IVV and SPYQ have a monthly-return correlation of 1.00, 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 SPYQ?
IVV and SPYQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPYQ?
IVV yields 1.10% while SPYQ yields 0.15%, so IVV currently pays the higher dividend yield.
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