IQSZ vs VOO
IQSZ vs VOO
Invesco Global Equity Net Zero ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. IQSZ delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IQSZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $169M | $979.0B | |
| Dividend Yield | 1.43% | 1.09% | |
| Holdings | 506 | 509 | |
| YTD Return | +16.54% | +13.80% | |
| 1Y Return | +30.65% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 11.5% | 14.1% | |
| Max Drawdown | -9.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 16, 2025 | Sep 7, 2010 |
IQSZ vs VOO Performance
Invesco Global Equity Net Zero ETF (IQSZ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IQSZ returned +30.65% while VOO returned +23.71%. Year to date, IQSZ is up 16.54% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.5% for IQSZ. 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 -9.1% for IQSZ and -34.3% for VOO. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQSZ charges 0.19% per year while VOO charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, IQSZ currently yields 1.43% against 1.09% for VOO.
Holdings Overlap
IQSZ and VOO share 181 holdings out of 811 unique holdings combined, representing a 49.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IQSZ | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 4.68% | 7.51% | 2.83% |
| AAPL | 4.27% | 6.59% | 2.32% |
| MSFT | 2.51% | 4.30% | 1.79% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings IQSZ shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IQSZ or VOO?
IQSZ has an expense ratio of 0.19% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, IQSZ or VOO?
Over the past year IQSZ returned +30.65% vs +23.71% for VOO, so IQSZ leads on 1-year performance. Over the longest common window we track (1 years), IQSZ annualized +30.41% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, IQSZ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.5% for IQSZ. Worst drawdown: IQSZ -9.1% vs VOO -34.3%.
Should I hold both IQSZ and VOO?
IQSZ and VOO have a monthly-return correlation of 0.96, 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 IQSZ and VOO?
IQSZ and VOO share 181 common holdings with a 49.0% weight overlap. Combined, they hold 811 unique securities.
Which pays a higher dividend, IQSZ or VOO?
IQSZ yields 1.43% while VOO yields 1.09%, so IQSZ 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.