IVV vs QVMS
IVV vs QVMS
iShares Core S&P 500 ETF vs Invesco S&P SmallCap 600 QVM Multi-factor ETF
Quick Verdict
IVV has a lower expense ratio. QVMS delivered stronger 1-year returns. QVMS offers more diversification with 531 holdings.
Side-by-Side Comparison
| Metric | IVV | QVMS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $251M | |
| Dividend Yield | 1.09% | 1.13% | |
| Holdings | 508 | 537 | |
| YTD Return | +13.31% | +24.02% | |
| 1Y Return | +24.00% | +35.90% | |
| 3Y Return (annualized) | +21.16% | +14.93% | |
| 5Y Return (annualized) | +13.34% | +8.93% | |
| Volatility (annualized) | 15.1% | 19.9% | |
| Max Drawdown | -56.5% | -28.4% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 28, 2021 |
IVV vs QVMS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is a ETF from Invesco (US). Over the past year IVV returned +24.00% while QVMS returned +35.90%. Year to date, IVV is up 13.31% versus a gain of 24.02% for QVMS.
Over three years, IVV compounded at +21.16% per year against +14.93% for QVMS; over five years the annualized figures are +13.34% and +8.93% respectively. Across the full 5-year window we track, QVMS has the edge at +8.27% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMS has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -28.4% for QVMS. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QVMS 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 1.13% for QVMS.
Holdings Overlap
IVV and QVMS share 0 holdings out of 1036 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 QVMS?
IVV has an expense ratio of 0.03% while QVMS 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 QVMS?
Over the past year IVV returned +24.00% vs +35.90% for QVMS, so QVMS leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.03% vs +8.27% for QVMS. Past performance does not guarantee future results.
Which is riskier, IVV or QVMS?
QVMS has been the more volatile fund at 19.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QVMS -28.4%.
Should I hold both IVV and QVMS?
IVV and QVMS have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QVMS?
IVV and QVMS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1036 unique securities.
Which pays a higher dividend, IVV or QVMS?
IVV yields 1.09% while QVMS yields 1.13%, so QVMS currently pays the higher dividend yield.
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