IQM vs IVV
Franklin Intelligent Machines ETF vs iShares Core S&P 500 ETF
Which is better, IQM or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IQM led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 43.8%.
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 | IQM | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $89M | $882.6B |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 83 | 508 |
| YTD Return | +20.71%Best | +14.84% |
| 1Y Return | +20.13%Best | +18.70% |
| 3Y Return (annualized) | +34.07%Best | +22.93% |
| 5Y Return (annualized) | +17.27%Best | +13.91% |
| Volatility (annualized) | 28.3% | 16.6%Best |
| Max Drawdown | -44.9% | -28.6%Best |
| $10,000 over 5 years | $22,179Best | $19,178 |
| Top 10 Weight | 43.8% | 38.1%Best |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Feb 25, 2020 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Feb 27, 2020 to Oct 13, 2026 (6.6 years).
IQM vs IVV 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 6.6 years both funds cover.
IQM vs IVV Performance
Franklin Intelligent Machines ETF (IQM) is an ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IQM returned +20.13% while IVV returned +18.70%. Year to date, IQM is up 20.71% versus a gain of 14.84% for IVV.
Over three years, IQM compounded at +34.07% per year against +22.93% for IVV; over five years the annualized figures are +17.27% and +13.91% respectively. Across the full 7-year window we track, IQM has the edge at +25.20% annualized vs +17.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQM has been the more volatile fund, with annualized monthly volatility of 28.3% compared with 16.6% 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 -44.9% for IQM and -28.6% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQM charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, IQM currently yields 0.00% against 1.06% for IVV.
Holdings Overlap
59.2% of IQM's money is in holdings IVV also owns. 29.4% of IVV's money is in holdings IQM also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 81 positions we hold weights for in IQM and 505 in IVV, against full books of 83 and 508.
What only one of them owns
Our book lists 464 positions for IVV that do not appear in our book for IQM (69.8% of the fund), and 25 for IQM that do not appear in IVV (15.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IQM | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.89% | 8.00% | 0.11% |
| AAPLApple, Inc | 4.00% | 7.39% | 3.39% |
| AVGOBroadcom Inc | 4.24% | 2.59% | 1.65% |
| SNDKSandisk Corp/De | 4.54% | 0.37% | 4.17% |
| GOOGLAlphabet Inc,class A | 1.14% | 3.00% | 1.86% |
| AMDAdvanced Micro Devices Inc | 2.34% | 1.27% | 1.07% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 3.19% | 0.39% | 2.80% |
| TSLATesla Inc | 1.98% | 1.56% | 0.42% |
| ANETArista Networks Inc Common Stock | 2.72% | 0.31% | 2.41% |
| LRCXLam Research Corp | 2.33% | 0.56% | 1.77% |
59.2% of IQM is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IQM or IVV?
IQM has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IQM or IVV?
Over the past year IQM returned +20.13% vs +18.70% for IVV, so IQM leads on 1-year performance. Over the longest common window we track (7 years), IQM annualized +25.20% vs +17.02% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQM or IVV?
IQM has been the more volatile fund at 28.3% annualized versus 16.6% for IVV. Worst drawdown: IQM -44.9% vs IVV -28.6%.
Should I hold both IQM and IVV?
IQM and IVV have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IQM and IVV?
59.2% of IQM's money is in holdings IVV also owns. 29.4% of IVV's is in holdings IQM also owns. They hold 33 positions in common, counted across the 81 positions we hold weights for in IQM and 505 in IVV.
Which pays a higher dividend, IQM or IVV?
IQM yields 0.00% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than IQM?
IVV has a lower expense ratio. IQM led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.