IVVW vs QQQ
IVVW vs QQQ
iShares S&P 500 BuyWrite ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. IVVW offers more diversification with 495 holdings.
Side-by-Side Comparison
| Metric | IVVW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $325M | $455.8B | |
| Dividend Yield | 17.58% | 0.41% | |
| Holdings | 4 | 108 | |
| YTD Return | -0.77% | +14.45% | |
| 1Y Return | +7.32% | +24.70% | |
| 3Y Return (annualized) | - | +24.19% | |
| 5Y Return (annualized) | - | +14.49% | |
| Volatility (annualized) | 7.5% | 30.6% | |
| Max Drawdown | -16.8% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2024 | Mar 10, 1999 |
IVVW vs QQQ Performance
iShares S&P 500 BuyWrite ETF (IVVW) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IVVW returned +7.32% while QQQ returned +24.70%. Year to date, IVVW is down 0.77% versus a gain of 14.45% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.5% for IVVW. 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 -16.8% for IVVW and -83.0% for QQQ. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVVW charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, IVVW currently yields 17.58% against 0.41% for QQQ.
Holdings Overlap
IVVW and QQQ share 84 holdings out of 514 unique holdings combined, representing a 53.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVVW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.57% | 7.88% | 0.31% |
| AAPL | 7.16% | 7.46% | 0.30% |
| MSFT | 4.40% | 4.65% | 0.25% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
See all 10 holdings IVVW shares with QQQ 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, IVVW or QQQ?
IVVW has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVVW or QQQ?
Over the past year IVVW returned +7.32% vs +24.70% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), IVVW annualized +9.22% vs +12.98% for QQQ. Past performance does not guarantee future results.
Which is riskier, IVVW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.5% for IVVW. Worst drawdown: IVVW -16.8% vs QQQ -83.0%.
Should I hold both IVVW and QQQ?
IVVW and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVVW and QQQ?
IVVW and QQQ share 84 common holdings with a 53.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVVW or QQQ?
IVVW yields 17.58% while QQQ yields 0.41%, so IVVW currently pays the higher dividend yield.
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