IVV vs QVML
iShares Core S&P 500 ETF vs Invesco S&P 500 QVM Multi-factor ETF
Which is better, IVV or QVML?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 38.9% 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 | IVV | QVML |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.11% |
| AUM | $896.5B | $1.7B |
| Dividend Yield | 1.10% | 0.99% |
| Holdings | 508 | 877 |
| YTD Return | +13.59% | +14.15%Best |
| 1Y Return | +17.54% | +17.87%Best |
| 3Y Return (annualized) | +22.46% | +22.49%Best |
| 5Y Return (annualized) | +13.28% | +13.35%Best |
| Volatility (annualized) | 15.4% | 15.1%Best |
| Max Drawdown | -24.5% | -23.5%Best |
| $10,000 over 5 years | $18,654 | $18,711Best |
| Top 10 Weight | 38.9%Best | 43.8% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Oct 14, 2026 (5.3 years).
IVV vs QVML 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 5.3 years both funds cover.
IVV vs QVML Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 QVM Multi-factor ETF (QVML) is an ETF from Invesco (US). Over the past year IVV returned +17.54% while QVML returned +17.87%. Year to date, IVV is up 13.59% versus a gain of 14.15% for QVML.
Over three years, IVV compounded at +22.46% per year against +22.49% for QVML; over five years the annualized figures are +13.28% and +13.35% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 15.1% for QVML. 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 -24.5% for IVV and -23.5% for QVML. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while QVML charges 0.11%. On a $10,000 position that is $3 vs $11 annually, a gap of $8 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.99% for QVML.
Holdings Overlap
87.9% of IVV's money is in holdings QVML also owns. 99.1% of QVML's money is in holdings IVV also owns.
Most of QVML is already inside IVV. Owning both mostly buys the same companies twice.
429 positions in common, counted across the 506 positions we hold weights for in IVV and 436 in QVML, against full books of 508 and 877.
What only one of them owns
Our book lists 5 positions for QVML that do not appear in our book for IVV (0.7% of the fund), and 73 for IVV that do not appear in QVML (11.6%).
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 IVV | Weight in QVML | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 8.77% | 0.33% |
| AAPLApple, Inc | 7.29% | 8.18% | 0.89% |
| MSFTMicrosoft Corp | 5.76% | 6.56% | 0.80% |
| AMZNAmazon.Com Inc | 3.68% | 4.58% | 0.90% |
| GOOGAlphabet Inc. C | 2.41% | 4.81% | 2.40% |
| AVGOBroadcom Inc | 2.47% | 3.26% | 0.79% |
| METAMeta Platforms Inc | 2.42% | 2.69% | 0.27% |
| MUMicron Technology, Inc. | 1.87% | 1.89% | 0.02% |
| AMDAdvanced Micro Devices Inc | 1.52% | 1.52% | 0.00% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.41% | 1.49% | 0.08% |
99.1% of QVML 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or QVML?
IVV has an expense ratio of 0.03% while QVML charges 0.11%. IVV is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, IVV or QVML?
Over the past year IVV returned +17.54% vs +17.87% for QVML, so QVML leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or QVML?
IVV has been the more volatile fund at 15.4% annualized versus 15.1% for QVML. Worst drawdown: IVV -24.5% vs QVML -23.5%.
Should I hold both IVV and QVML?
IVV and QVML have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and QVML?
99.1% of QVML's money is in holdings IVV also owns. 99.1% of QVML's is in holdings IVV also owns. They hold 429 positions in common, counted across the 506 positions we hold weights for in IVV and 436 in QVML.
Which pays a higher dividend, IVV or QVML?
IVV yields 1.10% while QVML yields 0.99%, so IVV currently pays the higher dividend yield.
Is QVML better than IVV?
IVV has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 38.9% 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.