IQSM vs. VOO
Compare and contrast key facts about IQ Candriam U.S. Mid Cap Equity ETF (IQSM) and Vanguard S&P 500 ETF (VOO).
IQSM and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQSM is a passively managed fund by IndexIQ that tracks the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index - Benchmark TR Net. It was launched on Oct 24, 2022. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both IQSM and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IQSM vs. VOO - Performance Comparison
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IQSM vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.34% | 7.97% | 9.15% | 15.82% | 2.29% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -0.21% |
Returns By Period
In the year-to-date period, IQSM achieves a 1.34% return, which is significantly higher than VOO's -3.66% return.
IQSM
- 1D
- 0.82%
- 1M
- -5.15%
- YTD
- 1.34%
- 6M
- 3.59%
- 1Y
- 15.47%
- 3Y*
- 10.22%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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IQSM vs. VOO - Expense Ratio Comparison
IQSM has a 0.15% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IQSM vs. VOO — Risk / Return Rank
IQSM
VOO
IQSM vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Candriam U.S. Mid Cap Equity ETF (IQSM) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IQSM | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.01 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.53 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.55 | -0.41 |
Martin ratioReturn relative to average drawdown | 4.83 | 7.31 | -2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQSM | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.01 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.83 | -0.24 |
Correlation
The correlation between IQSM and VOO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IQSM vs. VOO - Dividend Comparison
IQSM's dividend yield for the trailing twelve months is around 1.17%, which matches VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQSM IQ Candriam U.S. Mid Cap Equity ETF | 1.17% | 1.18% | 1.22% | 1.11% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
IQSM vs. VOO - Drawdown Comparison
The maximum IQSM drawdown since its inception was -23.66%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IQSM and VOO.
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Drawdown Indicators
| IQSM | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -33.99% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -11.98% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -5.47% | -5.55% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -3.72% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.55% | +0.75% |
Volatility
IQSM vs. VOO - Volatility Comparison
IQ Candriam U.S. Mid Cap Equity ETF (IQSM) has a higher volatility of 6.35% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that IQSM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSM | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 5.34% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 9.47% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.51% | 18.11% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 16.82% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 17.99% | +0.06% |