IVV vs SQLV
iShares Core S&P 500 ETF vs Royce Quant Small Cap Quality Value ETF
Which is better, IVV or SQLV?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SQLV over 1Y. SQLV is less concentrated, with 7.8% of the fund in its ten largest positions against 38.9%.
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 | SQLV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $896.5B | $39M |
| Dividend Yield | 1.10% | 1.06% |
| Holdings | 508 | 627 |
| YTD Return | +13.59% | +20.77%Best |
| 1Y Return | +17.54% | +23.79%Best |
| 3Y Return (annualized) | +22.46%Best | +14.77% |
| 5Y Return (annualized) | +13.28%Best | +7.00% |
| Volatility (annualized) | 16.0%Best | 22.5% |
| Max Drawdown | -33.9%Best | -49.8% |
| $10,000 over 5 years | $18,654Best | $14,026 |
| Top 10 Weight | 38.9% | 7.8%Best |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | May 15, 2000 | Jul 12, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Jul 13, 2017 to Oct 14, 2026 (9.3 years).
IVV vs SQLV 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 9.3 years both funds cover.
IVV vs SQLV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Royce Quant Small Cap Quality Value ETF (SQLV) is an ETF from Franklin Templeton Investments (US). Over the past year IVV returned +17.54% while SQLV returned +23.79%. Year to date, IVV is up 13.59% versus a gain of 20.77% for SQLV.
Over three years, IVV compounded at +22.46% per year against +14.77% for SQLV; over five years the annualized figures are +13.28% and +7.00% respectively. Across the full 9-year window we track, IVV has the edge at +14.15% annualized vs +8.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SQLV has been the more volatile fund, with annualized monthly volatility of 22.5% compared with 16.0% 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 -33.9% for IVV and -49.8% for SQLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SQLV charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.06% for SQLV.
Holdings Overlap
0.3% of SQLV's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 506 positions we hold weights for in IVV and 302 in SQLV, against full books of 508 and 627.
What only one of them owns
Our book lists 297 positions for SQLV that do not appear in our book for IVV (98.7% of the fund), and 499 for IVV that do not appear in SQLV (99.4%).
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 SQLV | Difference |
|---|---|---|---|
| AOSAnika Therapeutics Inc | 0.01% | 0.25% | 0.24% |
You are not choosing between two funds in isolation.
Whichever of IVV and SQLV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SQLV?
IVV has an expense ratio of 0.03% while SQLV charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or SQLV?
Over the past year IVV returned +17.54% vs +23.79% for SQLV, so SQLV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +14.15% vs +8.84% for SQLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SQLV?
SQLV has been the more volatile fund at 22.5% annualized versus 16.0% for IVV. Worst drawdown: IVV -33.9% vs SQLV -49.8%.
Should I hold both IVV and SQLV?
IVV and SQLV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SQLV?
IVV yields 1.10% while SQLV yields 1.06%, so IVV currently pays the higher dividend yield.
Is SQLV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SQLV over 1Y. SQLV is less concentrated, with 7.8% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.