IVV vs QVMT
IVV vs QVMT
iShares Core S&P 500 ETF vs Invesco S&P 500 Concentrated QVM ETF
Quick Verdict
IVV has a lower expense ratio. QVMT delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | QVMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.13% | |
| AUM | $865.2B | $135M | |
| Dividend Yield | 1.09% | 1.77% | |
| Holdings | 508 | 103 | |
| YTD Return | +13.80% | +14.36% | |
| 1Y Return | +23.70% | +32.23% | |
| 3Y Return (annualized) | +21.49% | +17.92% | |
| 5Y Return (annualized) | +13.43% | +11.94% | |
| Volatility (annualized) | 15.1% | 20.1% | |
| Max Drawdown | -56.5% | -48.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 9, 2015 |
IVV vs QVMT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Concentrated QVM ETF (QVMT) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while QVMT returned +32.23%. Year to date, IVV is up 13.80% versus a gain of 14.36% for QVMT.
Over three years, IVV compounded at +21.49% per year against +17.92% for QVMT; over five years the annualized figures are +13.43% and +11.94% respectively. Across the full 11-year window we track, QVMT has the edge at +10.49% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -48.7% for QVMT. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while QVMT charges 0.13%. On a $10,000 position that is $3 vs $13 annually, a gap of $10 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.77% for QVMT.
Holdings Overlap
IVV and QVMT share 97 holdings out of 509 unique holdings combined, representing a 14.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in QVMT | Difference |
|---|---|---|---|
| AAPL | 7.44% | 4.50% | 2.94% |
| CAT | 0.63% | 5.62% | 4.99% |
| SNDK | 0.36% | 5.70% | 5.34% |
| GEV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| NEM | Pro | Pro | Pro |
See all 10 holdings IVV shares with QVMT 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, IVV or QVMT?
IVV has an expense ratio of 0.03% while QVMT charges 0.13%. IVV is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IVV or QVMT?
Over the past year IVV returned +23.70% vs +32.23% for QVMT, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.05% vs +10.49% for QVMT. Past performance does not guarantee future results.
Which is riskier, IVV or QVMT?
QVMT has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs QVMT -48.7%.
Should I hold both IVV and QVMT?
IVV and QVMT have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and QVMT?
IVV and QVMT share 97 common holdings with a 14.4% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or QVMT?
IVV yields 1.09% while QVMT yields 1.77%, so QVMT currently pays the higher dividend yield.
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