Data as of Oct 28, 2026.
IVV vs QQQI: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to QQQI's +11.9%, and IVV charges 0.03% to QQQI's 0.68%.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $15.4bn for NEOS Nasdaq-100 High Income ETF.
Pair scorecard
IVV costs 0.65 points a year less; their one-year returns differ by 1.8 points; IVV is far larger, $885.1bn against $15.4bn.
| Measure | IVV | QQQI |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +11.9% |
| Price change, 1 year | rose 12.4% | fell 2.8% |
| Latest payout, annualized | 14.1% | |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: Nasdaq-100, measured through QQQ |
| Against its benchmark, same days | behind by 3.3 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.68% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $15.4bn |
| Holdings | ||
| Holdings in common | 54% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Feb 9, 2024 to Oct 23, 2026 · 141 weekly returnsEach against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; QQQI against QQQ, Feb 9, 2024 to Oct 23, 2026.
IVV returned slightly more: +56.9% to +52.7%. IVV swung slightly less: 14.4% to 16.0%. IVV fell slightly less at its worst: −16.9% to −18.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | QQQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +56.9% | +52.7% | IVV (slight) | Price change plus distributions, reinvested. |
| Annualized | +18.1% | +16.9% | IVV (slight) | Total return as a yearly rate. |
| Price return | +51.5% | +3.2% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.4% | 16.0% | IVV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.4% | 10.8% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.9% | −18.4% | IVV (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 99.3% | 69.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 85.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 0.79 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.98 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.92 | 0.79 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.42 | 1.16 | IVV | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.081 | 0.158 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.07 | 0.92 | IVV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | 0.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.5% | −3.0% to +3.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.67 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.2% | 4.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and QQQI hold 54% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
54% in common
Only in one fund ↓
Side by side
IVV and QQQI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
IVV and QQQI do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and QQQI is measured against Nasdaq-100 through QQQ.
- Cost. IVV charges 0.03% of assets a year and QQQI 0.68%, a gap of 0.65 points.
- Size. IVV has $885.1bn in net assets and QQQI $15.4bn (net assets, as of Oct 27, 2026); IVV is 57.5 times larger.
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%.
QQQI
Over the year to Oct 28, 2026, QQQI paid 13.7% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 3.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.1%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are IVV and QQQI in the same category?
- IVV is a stock ETF and QQQI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or QQQI?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and QQQI +11.9%.
- Which is cheaper, IVV or QQQI?
- IVV is cheaper, by 0.65 percentage points a year. That is about $65 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 QQQI, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-qqqi
ETFIQ. (Oct 28, 2026). IVV against QQQI. Retrieved from https://etfiq.com/compare/any/ivv-vs-qqqi
[IVV against QQQI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-qqqi)
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