IVV vs SPYQ
iShares Core S&P 500 ETF vs Tradr 2X Long SPY Quarterly ETF
Which is better, IVV or SPYQ?
Large Cap Blend against Leverage Strategy.
IVV has a lower expense ratio. SPYQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00.
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 | SPYQ |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.00% |
| AUM | $876.4B | $12M |
| Dividend Yield | 1.06% | 0.14% |
| Holdings | 508 | 9 |
| YTD Return | +12.39% | +18.26%Best |
| 1Y Return | +16.61% | +23.96%Best |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.8%Best | 25.5% |
| Max Drawdown | -18.8%Best | -35.9% |
| $10,000 over 2 years | $13,802 | $15,790Best |
| Fund Family | iShares by BlackRock (US) | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Leverage Strategy |
| Inception | May 15, 2000 | Sep 30, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Sep 18, 2026 (2 years).
IVV vs SPYQ 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 2 years both funds cover.
IVV vs SPYQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Tradr 2X Long SPY Quarterly ETF (SPYQ) is an ETF from Tradr ETFs. Over the past year IVV returned +16.61% while SPYQ returned +23.96%. Year to date, IVV is up 12.39% versus a gain of 18.26% for SPYQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYQ has been the more volatile fund, with annualized monthly volatility of 25.5% compared with 12.8% 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 -18.8% for IVV and -35.9% for SPYQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.00%. On a $10,000 position that is $3 vs $100 annually, a gap of $97 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.14% for SPYQ.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in SPYQ, totalling 99.3% and 54.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, IVV as of Aug 31, 2026 and SPYQ as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 1 in SPYQ, against full books of 508 and 9.
You are not choosing between two funds in isolation.
Whichever of IVV and SPYQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPYQ?
IVV has an expense ratio of 0.03% while SPYQ charges 1.00%. IVV is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, IVV or SPYQ?
Over the past year IVV returned +16.61% vs +23.96% for SPYQ, so SPYQ leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.48% vs +25.66% for SPYQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPYQ?
SPYQ has been the more volatile fund at 25.5% annualized versus 12.8% for IVV. Worst drawdown: IVV -18.8% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPYQ?
IVV yields 1.06% while SPYQ yields 0.14%, so IVV currently pays the higher dividend yield.
Is SPYQ better than IVV?
IVV has a lower expense ratio. SPYQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.