IVV vs. QQQ
Compare and contrast key facts about iShares Core S&P 500 ETF (IVV) and Invesco QQQ (QQQ).
IVV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IVV and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVV or QQQ.
Performance
IVV vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IVV achieves a 26.56% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, IVV has underperformed QQQ with an annualized return of 13.20%, while QQQ has yielded a comparatively higher 18.03% annualized return.
IVV
26.56%
3.04%
13.24%
32.78%
15.74%
13.20%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| IVV | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.70 | 1.76 |
| Sortino Ratio | 3.60 | 2.35 |
| Omega Ratio | 1.50 | 1.32 |
| Calmar Ratio | 3.90 | 2.25 |
| Martin Ratio | 17.52 | 8.18 |
| Ulcer Index | 1.87% | 3.74% |
| Daily Std Dev | 12.16% | 17.36% |
| Max Drawdown | -55.25% | -82.98% |
| Current Drawdown | -0.52% | -1.62% |
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IVV vs. QQQ - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IVV and QQQ is 0.87, 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.
Risk-Adjusted Performance
IVV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and Invesco QQQ (QQQ). 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.
Dividends
IVV vs. QQQ - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.24%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IVV vs. QQQ - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IVV and QQQ. For additional features, visit the drawdowns tool.
Volatility
IVV vs. QQQ - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 3.98%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that IVV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.