IVV vs QQQ: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

Invesco QQQ Trust, Series 1

QQQANasdaq

Overlap

54.3%by weight

IVVS&P 500 IndexQQQNasdaq-100 Index

Expense ratio

IVV −0.15pt a year

IVV0.03%QQQ0.18%

Avg volume · 30D

QQQ 5.8×the volume

IVV6.39MQQQ36.9M

10Y return · a year

QQQ +5.1pt

IVV+15.7%QQQ+20.8%

IVV vs QQQ Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%IVV+94.6%QQQ

Expense ratio: IVV 0.03%, better; QQQ 0.18%
Fund size: IVV $889B; QQQ $477B
1Y total return: IVV +13.7%; QQQ +15.2%, better
Yield (12M): IVV 1.08%, better; QQQ 0.43%
Holdings: IVV 507; QQQ 105
Avg volume (30D): IVV 6.39M sh; QQQ 36.9M sh, better
NAV per share: IVV $775.30; QQQ $712.04
52W range

ETF.net Grade

Pillar letters and Scores for IVV, QQQ, with each pillar’s weight
Pillar	IVV	QQQ
Cost30% weight	A84	B64
Mission25% weight	A100	A100
Risk15% weight	C51	C49
Tradability15% weight	A80	A93
Holdings10% weight	B55	B61
Durability5% weight	A86	A81

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

IVV ranks 2nd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QQQ ranks 2nd of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75
Rank 3AIQQiShares Nasdaq 100 ETFScore 71

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

QQQAInvesco QQQ Trust, Series 1

In short

IVV The 2000-vintage iShares take on the S&P 500, now a $100B-plus cornerstone holding: roughly 500 large US companies, 0.03% a year, and tracking that stays tight to the index.

QQQ The 1999 original. QQQ tracks the Nasdaq-100, roughly 100 of the largest non-financial companies listed on the Nasdaq, and has become one of the most heavily traded funds on the market.

Stated mandate

IVV The fund seeks to track the investment results of an index made up of large-capitalization U.S. equities.

QQQ The trust is designed to match the pre-expense investment performance of the Nasdaq-100 Index.

Why people hold it

IVV Costs 0.03% a year, a fraction of the typical fee among S&P 500 trackers, and undercuts the category's founding fund (SPY, 0.09%) on the same index.
Tracking is the whole job, and it does it about as tightly as this peer group gets: roughly 500 large US companies, no manager discretion bolted on.
A $100B-plus fund that trades heavily all session, which is what keeps bid-ask spreads thin for retail-sized orders and institutional blocks alike.
Running since 2000 as a registered open-end fund, with quarterly distributions and one of the longest live records in the S&P 500 aisle.ishares.com

QQQ Launched in 1999, it is one of the longest-running ETFs in the US and one of the most actively traded, which usually means tight spreads and easy fills at size.
The mandate is simple: match the Nasdaq-100 before expenses. Tracking has stayed about as close to the index as this structure allows.
At 0.18%, the fee sits below the typical Nasdaq-100 tracker, and the fund is one of the largest ETFs in existence.
The index screens out financial companies, so you own Nasdaq-listed tech, consumer and healthcare heavyweights rather than a broad slice of the market.nasdaq.com

Worth knowing

IVV Pure US large cap. No mid caps, no small caps, nothing overseas, so it works as one slab of a portfolio rather than the whole thing.
It rides the index in both directions: when the S&P 500 has an ugly year, this has the same ugly year, minus the fee.
A near-identical rival shaves a basis point (SPYM at 0.02%). On $10,000 that gap is about a dollar a year, so structure and trading habits matter more.

QQQ Invesco's own QQQM follows the same index for 0.15%. QQQ's edge is trading depth, not price.
About 100 market-cap-weighted names with no financials: the biggest few carry a lot of the index, and sector swings land harder than in a total-market fund.nasdaq.com
Income is a side effect here, not the point. Distributions are paid quarterly and the index leans toward growth companies.nasdaq.com

Full IVV profile⁠

Full QQQ profile⁠

IVV vs QQQ Holdings

Holdings as of Oct 28, 2026

How IVV and QQQ differ

Overlap by weight

54.3%

Shared holdings make up 93.0% of QQQ and 54.3% of IVV.

Level by level

Holdings86 in both54.3%
Sector11 Sectors73.6%
Countryby domicile95.6%
Asset classEquity100%

Sector

Sector weights in IVV and QQQ, widest gap first
Sector	More in IVVMore in QQQ	IVV	QQQ
Technology	QQQ +21.1 points	37.6%	58.7%
Financials	IVV +11.9 points	12.1%	0.2%
Health Care	IVV +5.5 points	9.9%	4.4%
Energy	IVV +3.2 points	3.7%	0.5%
Communication	QQQ +2.4 points	9.2%	11.6%
Industrials	IVV +2.2 points	8.0%	5.8%
Real Estate	IVV +1.8 points	1.8%	0.0%
Consumer Discretionary	QQQ +1.5 points	9.0%	10.5%
Consumer Staples	QQQ +1.3 points	5.0%	6.3%
Utilities	IVV +0.9 points	2.0%	1.1%
Materials	IVV +0.7 points	1.7%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in IVV and QQQ, widest gap first
Country	More in IVVMore in QQQ	IVV	QQQ
United States	IVV +3.1 points	97.9%	94.8%
United Kingdom	QQQ +1.2 points	0.4%	1.6%
Netherlands	QQQ +1.2 points	0.1%	1.3%
Canada	QQQ +1.1 points	0.0%	1.1%
Ireland	IVV +1.0 points	1.2%	0.2%
Singapore	QQQ +0.7 points	0.0%	0.7%
Other countries (3)	Same weight	0.4%	0.4%

Concentration

Weight in the 10 largest Holdings

IVV38.1%
QQQ46.7%

Securities held

IVV504
QQQ101

Asset class

IVV: Equity
QQQ: Equity

Holdings

Only in IVV418
In both86
Only in QQQ15

Only in IVV

418 securities, 45.6% of IVV by weight

Eli Lilly1.54%
Berkshire Hathaway Inc Class B1.52%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.11%
Visa Class A1.03%
Johnson & Johnson0.97%
AbbVie0.76%
Mastercard Class A0.74%
Chevron0.68%
Procter & Gamble0.56%
UnitedHealth Group0.55%
Coca-Cola0.53%
Merck & Co Inc0.53%
Bank of America0.49%
Caterpillar Inc0.49%
Home Depot0.48%
Philip Morris International0.47%
Ge Aerospace0.46%
Goldman Sachs Group0.40%
Rtx0.39%
Thermo Fisher Scientific0.38%
Wells Fargo0.38%
Ge Vernova0.36%
International Business Machines Co0.35%
Oracle0.34%
Morgan Stanley0.34%
Citigroup0.31%
Salesforce0.30%
Arista Networks0.29%
Amphenol Corp Class A0.29%
Walt Disney0.29%
Verizon Communications Inc0.27%
Abbott Laboratories0.27%
Union Pacific0.27%
Conocophillips0.27%
Mcdonalds Corp0.27%
Nextera Energy0.26%
Pfizer0.26%
American Express0.25%
BlackRock0.25%
Welltower0.25%
Deere0.24%
Servicenow0.24%
Tjx0.23%
Dell Technologies Inc Class C0.23%
Eaton PLC0.22%
Charles Schwab0.22%
Danaher0.22%
Accenture PLC Class A0.22%
AT&T0.22%

Only in QQQ

15 securities, 6.8% of QQQ by weight

Space Exploration Technologies Corp2.74%
Shopify Inc0.86%
ASML Holding NV0.66%
ARM Holdings PLC0.42%
MercadoLibre Inc0.37%
PDD Holdings Inc0.22%
Strategy Inc0.22%
Astera Labs Inc0.21%
Coca-Cola Europacific Partners PLC0.21%
Thomson Reuters Corp0.19%
Nebius Group NV0.17%
Ferrovial NV0.17%
Rocket Lab Corp0.15%
Alnylam Pharmaceuticals Inc0.13%
CoreWeave Inc0.12%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in IVV and QQQ, widest gap first
Holding	More in IVVMore in QQQ	IVV	QQQ
Micron TechnologyMU	QQQ +2.92 points	1.58%	4.50%
Advanced Micro DevicesAMD	QQQ +2.56 points	1.37%	3.93%
WalmartWMT	QQQ +1.69 points	0.80%	2.49%
Tesla IncTSLA	QQQ +1.61 points	1.72%	3.33%
Intel CorporationINTC	QQQ +1.41 points	0.70%	2.11%
Palantir Technologies Class APLTR	QQQ +1.27 points	0.69%	1.96%
Costco Wholesale CorpCOST	QQQ +1.23 points	0.66%	1.89%
Cisco Systems IncCSCO	QQQ +1.22 points	0.66%	1.88%
Palo Alto NetworksPANW	QQQ +0.92 points	0.49%	1.41%
Applied Material IncAMAT	QQQ +0.88 points	0.47%	1.35%
Lam ResearchLRCX	QQQ +0.84 points	0.45%	1.29%
Meta Platforms Class AMETA	QQQ +0.82 points	2.05%	2.87%
Texas InstrumentTXN	QQQ +0.79 points	0.42%	1.21%
Crowdstrike Holdings Class ACRWD	QQQ +0.77 points	0.41%	1.18%
NetflixNFLX	QQQ +0.73 points	0.39%	1.12%
Amgen IncAMGN	QQQ +0.68 points	0.36%	1.04%
Linde PLCLIN	QQQ +0.66 points	0.35%	1.01%
Marvell TechnologyMRVL	QQQ +0.60 points	0.32%	0.92%
Analog DevicesADI	QQQ +0.57 points	0.31%	0.88%
T Mobile Us IncTMUS	QQQ +0.57 points	0.11%	0.68%
KlaKLAC	QQQ +0.56 points	0.30%	0.86%
Gilead SciencesGILD	QQQ +0.55 points	0.30%	0.85%
QualcommQCOM	QQQ +0.53 points	0.30%	0.83%
SandiskSNDK	QQQ +0.53 points	0.29%	0.82%
Amazon.com IncAMZN	QQQ +0.52 points	3.73%	4.25%
PepsicoPEP	QQQ +0.51 points	0.27%	0.78%
Alphabet Class CGOOG	QQQ +0.46 points	2.26%	2.72%
Intuitive SurgicalISRG	QQQ +0.44 points	0.24%	0.68%
Seagate Technology Holdings PLCSTX	QQQ +0.42 points	0.23%	0.65%
FortinetFTNT	QQQ +0.41 points	0.17%	0.58%
Western Digital CorpWDC	QQQ +0.38 points	0.21%	0.59%
Vertex PharmaceuticalsVRTX	QQQ +0.37 points	0.20%	0.57%
Starbucks CorpSBUX	QQQ +0.32 points	0.18%	0.50%
Automatic Data Processing IncADP	QQQ +0.33 points	0.17%	0.50%
Booking HoldingsBKNG	QQQ +0.31 points	0.17%	0.48%
Marriott International Class AMAR	QQQ +0.31 points	0.13%	0.44%
Monster BeverageMNST	QQQ +0.28 points	0.10%	0.38%
Adobe IncADBE	QQQ +0.27 points	0.15%	0.42%
CsxCSX	QQQ +0.27 points	0.15%	0.42%
AppleAAPL	QQQ +0.27 points	7.61%	7.88%
Constellation Energy CorpCEG	QQQ +0.26 points	0.13%	0.39%
Cadence Design SystemsCDNS	QQQ +0.27 points	0.14%	0.41%
Datadog Inc Class ADDOG	QQQ +0.26 points	0.14%	0.40%
CintasCTAS	QQQ +0.26 points	0.11%	0.37%
SynopsysSNPS	QQQ +0.25 points	0.14%	0.39%
IntuitINTU	QQQ +0.26 points	0.13%	0.39%
NVIDIANVDA	QQQ +0.25 points	7.92%	8.17%
ModernaMRNA	QQQ +0.24 points	0.12%	0.36%
Applovin Class AAPP	QQQ +0.23 points	0.11%	0.34%
Regeneron PharmaceuticalsREGN	QQQ +0.23 points	0.12%	0.35%
Mondelez International Class AMDLZ	QQQ +0.22 points	0.12%	0.34%
Lumentum HoldingsLITE	QQQ +0.21 points	0.12%	0.33%
Comcast Class ACMCSA	QQQ +0.21 points	0.12%	0.33%
MicrosoftMSFT	QQQ +0.21 points	5.93%	6.14%
Ross Stores IncROST	QQQ +0.21 points	0.11%	0.32%
Doordash Class ADASH	QQQ +0.20 points	0.10%	0.30%
Oreilly Automotive IncORLY	QQQ +0.20 points	0.11%	0.31%
American Electric Power IncAEP	QQQ +0.19 points	0.11%	0.30%
Airbnb Class AABNB	QQQ +0.19 points	0.11%	0.30%
Honeywell International IncHON	QQQ +0.20 points	0.10%	0.30%
Diamondback EnergyFANG	QQQ +0.19 points	0.06%	0.25%
Nxp Semiconductors NVNXPI	QQQ +0.17 points	0.10%	0.27%
Monolithic Power Systems IncMPWR	QQQ +0.17 points	0.09%	0.26%
FastenalFAST	QQQ +0.16 points	0.09%	0.25%
Baker Hughes Class ABKR	QQQ +0.16 points	0.09%	0.25%
Paccar IncPCAR	QQQ +0.15 points	0.08%	0.23%
Honeywell Aerospace IncHONA	QQQ +0.15 points	0.08%	0.23%
TeradyneTER	QQQ +0.14 points	0.08%	0.22%
AutodeskADSK	QQQ +0.14 points	0.08%	0.22%
Xcel Energy IncXEL	QQQ +0.14 points	0.07%	0.21%
PayPal HoldingsPYPL	QQQ +0.14 points	0.07%	0.21%
Keurig Dr Pepper IncKDP	QQQ +0.13 points	0.07%	0.20%
Exelon CorpEXC	QQQ +0.13 points	0.07%	0.20%
Idexx LaboratoriesIDXX	QQQ +0.12 points	0.07%	0.19%
Microchip Technology IncMCHP	QQQ +0.12 points	0.07%	0.19%
Roper TechnologiesROP	QQQ +0.12 points	0.06%	0.18%
PaychexPAYX	QQQ +0.12 points	0.05%	0.17%
Old Dominion Freight LineODFL	QQQ +0.12 points	0.05%	0.17%
Workday Class AWDAY	QQQ +0.11 points	0.06%	0.17%
Take Two Interactive SoftwareTTWO	QQQ +0.11 points	0.05%	0.16%
Alphabet Class AGOOGL	QQQ +0.10 points	2.83%	2.93%
Axon EnterpriseAXON	QQQ +0.10 points	0.05%	0.15%
Ge Healthcare TechnologiesGEHC	QQQ +0.09 points	0.05%	0.14%
Broadcom IncAVGO	QQQ +0.08 points	2.45%	2.53%
Dexcom IncDXCM	QQQ +0.09 points	0.04%	0.13%
Copart IncCPRT	QQQ +0.07 points	0.04%	0.11%

All 505 IVV holdings⁠All 102 QQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVV vs QQQ Cost

Overpaying QQQ vs IVV

$3,111

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IVV 0.03%
$638
QQQ 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
QQQ 0.18%
Overpaying

Year by year

Year	IVV	QQQ	Overpaying
10	$55	$328	$273
20	$216	$1,281	$1,065
30	$638	$3,749	$3,111

Expense ratio

0.03%IVV, cheaper
0.18%QQQ

Different Categories, so each fee sits in its own Category’s range.

IVV among 14 S&P 500 funds

IVV0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

QQQ among 10 Nasdaq-100 funds

QQQ0.18%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQ 4th cheapest of 10 funds

IVV vs QQQ Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IVV 1.08%, better; QQQ 0.43%
Payout (12M): IVV $8.40; QQQ $3.09
Last payment: IVV $2.20; QQQ $0.75
Ex-dividend: IVV Sep 15, 2026; QQQ Sep 21, 2026
Paid on: IVV Sep 18, 2026; QQQ Oct 8, 2026
Frequency: IVV Quarterly; QQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

QQQQuarterly · 40 paymentsAll QQQ payments⁠

IVV vs QQQ Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IVV 12.4%, betterQQQ 17.3%
Return per unit of riskSharpe ratio, 3 years: IVV 1.37, betterQQQ 1.27
Worst fallMax drawdown, 5 years: IVV −24.5%, betterQQQ −35.1%
Market sensitivityBeta, 5 years: IVV 1.00QQQ 1.23; Market = 1

IVV and QQQ in the news

All news⁠

Opening Bell
Alphabet leads Nasdaq down 1% on another cash outflow
4 hours agoQQQ
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026QQQ
Top Movers
The biggest fund drop Tuesday was a WisdomTree payout, not a selloff
Oct 27, 2026QQQ
New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQ
Opening Bell
Meta prices $37.5 billion of stock for AI, with $12.5 billion due this week
Oct 27, 2026QQQ
Top Movers
Brazil funds fall as much as 31.6% after Lula wins the runoff
Oct 26, 2026QQQ

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