Data as of Oct 28, 2026.
IVV vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to QQQ's +15.2%; 54% of their weight is in the same names.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $483.0bn for Invesco QQQ Trust, Series 1.
Pair scorecard
IVV costs 0.15 points a year less; their one-year returns differ by 1.5 points; IVV is 1.8 times larger.
| Measure | IVV | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +15.2% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.18% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $483.0bn |
| Holdings | ||
| Holdings in common | 54% | |
| Top ten holdings, share of the fund | 38.1% | 46.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 26, 2000 to Oct 23, 2026 · 1,378 weekly returnsEach against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026.
QQQ returned more: +974.9% to +785.1%. IVV swung less: 17.3% to 23.3%. IVV fell less at its worst: −54.7% to −80.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +785.1% | +974.9% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +8.6% | +9.4% | QQQ (slight) | Total return as a yearly rate. |
| Price return | +453.9% | +806.0% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.3% | 23.3% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 16.2% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.7% | −80.2% | IVV | Deepest fall from a high to the low after it. |
| Upside capture | 99.3% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.43 | IVV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.65 | 0.61 | IVV (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.081 | 0.145 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.16 | 0.12 | IVV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQM | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | −0.58 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.5% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.2% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,378 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and QQQ hold 54% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
54% in common
Only in one fund ↓
Side by side
IVV and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IVV and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and QQQ follows Nasdaq-100 Index.
- Number of holdings. IVV holds 505 positions and QQQ holds 103.
- Cost. IVV charges 0.03% of assets a year and QQQ 0.18%, a gap of 0.15 points.
Data as of Oct 28, 2026.
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IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IVV or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and QQQ +15.2%.
- Which is cheaper, IVV or QQQ?
- IVV is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVV against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-qqq
ETFIQ. (Oct 28, 2026). IVV against QQQ. Retrieved from https://etfiq.com/compare/any/ivv-vs-qqq
[IVV against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-qqq)
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