IVV vs QQQM: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

Invesco NASDAQ 100 ETF

QQQMANasdaq

Overlap

54.3%by weight

IVVS&P 500 IndexQQQMNasdaq-100 Index

Expense ratio

IVV −0.12pt a year

IVV0.03%QQQM0.15%

Avg volume · 30D

IVV 2.1×the volume

IVV6.39MQQQM3.01M

5Y return · a year

QQQM +1.7pt

IVV+12.6%QQQM+14.3%

IVV vs QQQM Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%IVV+95.2%QQQM

Expense ratio: IVV 0.03%, better; QQQM 0.15%
Fund size: IVV $889B; QQQM $109B
1Y total return: IVV +13.7%; QQQM +15.2%, better
Yield (12M): IVV 1.08%, better; QQQM 0.44%
Holdings: IVV 507; QQQM 105
Avg volume (30D): IVV 6.39M sh, better; QQQM 3.01M sh
NAV per share: IVV $775.30; QQQM $293.18
52W range

ETF.net Grade

Pillar letters and Scores for IVV, QQQM, with each pillar’s weight
Pillar	IVV	QQQM
Cost30% weight	A84	A74
Mission25% weight	A100	A100
Risk15% weight	C51	C49
Tradability15% weight	A80	A88
Holdings10% weight	B55	B61
Durability5% weight	A86	A76

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 ›

QQQM ranks 1st of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

QQQMAInvesco NASDAQ 100 ETF

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.

QQQM The Nasdaq-100 in a thriftier wrapper. Launched in 2020, QQQM holds the same index as Invesco's famous original and charges 0.15% a year instead of 0.18%, built for people who buy and sit rather than trade.

Stated mandate

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

QQQM The Fund seeks to track the performance of the NASDAQ-100 Index before fees and expenses by generally investing at least 90% of its assets in index securities.

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

QQQM Same NASDAQ-100 index as Invesco's original fund, for 0.15% instead of 0.18%. Identical mandate, smaller toll.invesco.com
Undercuts the typical Nasdaq-100 wrapper (cohort median 0.20%) and costs well under half the equal-weight version, QQQE, at 0.35%.
The mandate is literal: at least 90% of assets in index securities, tracking about 100 of the largest Nasdaq-listed non-financial companies.nasdaq.com
A multi-billion-dollar, actively traded fund and one of the stronger implementations in its Nasdaq-100 peer group.

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.

QQQM The index excludes financial companies and requires a Nasdaq listing, so whole slices of the US market never show up here.nasdaq.com
Modified market-cap weighting means the biggest names carry the biggest weights, so a short list of mega-caps drives most of the ride.nasdaq.com
Distributions land quarterly, and the index selects on size, not dividends.nasdaq.com

Full IVV profile⁠

Full QQQM profile⁠

IVV vs QQQM Holdings

Holdings as of Oct 28, 2026

How IVV and QQQM differ

Overlap by weight

54.3%

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

Level by level

Holdings86 in both54.3%
Sector11 Sectors73.7%
Countryby domicile96.2%
Asset classEquity100%

Sector

Sector weights in IVV and QQQM, widest gap first
Sector	More in IVVMore in QQQM	IVV	QQQM
Technology	QQQM +21.0 points	37.6%	58.6%
Financials	IVV +11.8 points	12.1%	0.3%
Health Care	IVV +5.5 points	9.9%	4.4%
Energy	IVV +3.2 points	3.7%	0.5%
Communication	QQQM +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	QQQM +1.5 points	9.0%	10.5%
Consumer Staples	QQQM +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 QQQM, widest gap first
Country	More in IVVMore in QQQM	IVV	QQQM
United States	IVV +2.5 points	97.9%	95.4%
United Kingdom	QQQM +1.3 points	0.4%	1.7%
Netherlands	QQQM +1.1 points	0.1%	1.2%
Canada	QQQM +1.1 points	0.0%	1.1%
Ireland	IVV +1.0 points	1.2%	0.2%
Other countries (3)	Same weight	0.4%	0.4%

Concentration

Weight in the 10 largest Holdings

IVV38.1%
QQQM46.7%

Securities held

IVV504
QQQM102

Asset class

IVV: Equity
QQQM: Equity

Holdings

Only in IVV418
In both86
Only in QQQM16

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 QQQM

16 securities, 7.0% of QQQM 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%
Invesco Government & Agency Portfolio0.12%
CoreWeave Inc0.12%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in IVV and QQQM, widest gap first
Holding	More in IVVMore in QQQM	IVV	QQQM
Micron TechnologyMU	QQQM +2.92 points	1.58%	4.50%
Advanced Micro DevicesAMD	QQQM +2.56 points	1.37%	3.93%
WalmartWMT	QQQM +1.69 points	0.80%	2.49%
Tesla IncTSLA	QQQM +1.61 points	1.72%	3.33%
Intel CorporationINTC	QQQM +1.42 points	0.70%	2.12%
Palantir Technologies Class APLTR	QQQM +1.27 points	0.69%	1.96%
Costco Wholesale CorpCOST	QQQM +1.23 points	0.66%	1.89%
Cisco Systems IncCSCO	QQQM +1.23 points	0.66%	1.89%
Palo Alto NetworksPANW	QQQM +0.92 points	0.49%	1.41%
Applied Material IncAMAT	QQQM +0.88 points	0.47%	1.35%
Lam ResearchLRCX	QQQM +0.84 points	0.45%	1.29%
Meta Platforms Class AMETA	QQQM +0.82 points	2.05%	2.87%
Texas InstrumentTXN	QQQM +0.79 points	0.42%	1.21%
Crowdstrike Holdings Class ACRWD	QQQM +0.77 points	0.41%	1.18%
NetflixNFLX	QQQM +0.73 points	0.39%	1.12%
Amgen IncAMGN	QQQM +0.68 points	0.36%	1.04%
Linde PLCLIN	QQQM +0.66 points	0.35%	1.01%
Marvell TechnologyMRVL	QQQM +0.60 points	0.32%	0.92%
Analog DevicesADI	QQQM +0.58 points	0.31%	0.89%
T Mobile Us IncTMUS	QQQM +0.57 points	0.11%	0.68%
KlaKLAC	QQQM +0.56 points	0.30%	0.86%
Gilead SciencesGILD	QQQM +0.55 points	0.30%	0.85%
QualcommQCOM	QQQM +0.53 points	0.30%	0.83%
SandiskSNDK	QQQM +0.53 points	0.29%	0.82%
Amazon.com IncAMZN	QQQM +0.52 points	3.73%	4.25%
PepsicoPEP	QQQM +0.51 points	0.27%	0.78%
Alphabet Class CGOOG	QQQM +0.46 points	2.26%	2.72%
Intuitive SurgicalISRG	QQQM +0.44 points	0.24%	0.68%
Seagate Technology Holdings PLCSTX	QQQM +0.42 points	0.23%	0.65%
FortinetFTNT	QQQM +0.41 points	0.17%	0.58%
Western Digital CorpWDC	QQQM +0.38 points	0.21%	0.59%
Vertex PharmaceuticalsVRTX	QQQM +0.37 points	0.20%	0.57%
Starbucks CorpSBUX	QQQM +0.32 points	0.18%	0.50%
Automatic Data Processing IncADP	QQQM +0.33 points	0.17%	0.50%
Booking HoldingsBKNG	QQQM +0.31 points	0.17%	0.48%
Marriott International Class AMAR	QQQM +0.31 points	0.13%	0.44%
Monster BeverageMNST	QQQM +0.28 points	0.10%	0.38%
Adobe IncADBE	QQQM +0.27 points	0.15%	0.42%
AppleAAPL	QQQM +0.27 points	7.61%	7.88%
CsxCSX	QQQM +0.27 points	0.15%	0.42%
Constellation Energy CorpCEG	QQQM +0.26 points	0.13%	0.39%
Cadence Design SystemsCDNS	QQQM +0.27 points	0.14%	0.41%
Datadog Inc Class ADDOG	QQQM +0.26 points	0.14%	0.40%
CintasCTAS	QQQM +0.26 points	0.11%	0.37%
SynopsysSNPS	QQQM +0.25 points	0.14%	0.39%
IntuitINTU	QQQM +0.26 points	0.13%	0.39%
NVIDIANVDA	QQQM +0.25 points	7.92%	8.17%
ModernaMRNA	QQQM +0.24 points	0.12%	0.36%
Applovin Class AAPP	QQQM +0.23 points	0.11%	0.34%
Regeneron PharmaceuticalsREGN	QQQM +0.23 points	0.12%	0.35%
Mondelez International Class AMDLZ	QQQM +0.22 points	0.12%	0.34%
Lumentum HoldingsLITE	QQQM +0.21 points	0.12%	0.33%
Comcast Class ACMCSA	QQQM +0.21 points	0.12%	0.33%
MicrosoftMSFT	QQQM +0.21 points	5.93%	6.14%
Ross Stores IncROST	QQQM +0.21 points	0.11%	0.32%
Doordash Class ADASH	QQQM +0.20 points	0.10%	0.30%
Oreilly Automotive IncORLY	QQQM +0.20 points	0.11%	0.31%
American Electric Power IncAEP	QQQM +0.19 points	0.11%	0.30%
Airbnb Class AABNB	QQQM +0.19 points	0.11%	0.30%
Honeywell International IncHON	QQQM +0.20 points	0.10%	0.30%
Diamondback EnergyFANG	QQQM +0.19 points	0.06%	0.25%
Nxp Semiconductors NVNXPI	QQQM +0.17 points	0.10%	0.27%
Monolithic Power Systems IncMPWR	QQQM +0.17 points	0.09%	0.26%
FastenalFAST	QQQM +0.16 points	0.09%	0.25%
Baker Hughes Class ABKR	QQQM +0.16 points	0.09%	0.25%
Paccar IncPCAR	QQQM +0.15 points	0.08%	0.23%
Honeywell Aerospace IncHONA	QQQM +0.15 points	0.08%	0.23%
TeradyneTER	QQQM +0.14 points	0.08%	0.22%
AutodeskADSK	QQQM +0.14 points	0.08%	0.22%
Xcel Energy IncXEL	QQQM +0.14 points	0.07%	0.21%
PayPal HoldingsPYPL	QQQM +0.14 points	0.07%	0.21%
Keurig Dr Pepper IncKDP	QQQM +0.13 points	0.07%	0.20%
Exelon CorpEXC	QQQM +0.13 points	0.07%	0.20%
Idexx LaboratoriesIDXX	QQQM +0.12 points	0.07%	0.19%
Microchip Technology IncMCHP	QQQM +0.12 points	0.07%	0.19%
Roper TechnologiesROP	QQQM +0.12 points	0.06%	0.18%
PaychexPAYX	QQQM +0.12 points	0.05%	0.17%
Old Dominion Freight LineODFL	QQQM +0.12 points	0.05%	0.17%
Workday Class AWDAY	QQQM +0.11 points	0.06%	0.17%
Take Two Interactive SoftwareTTWO	QQQM +0.11 points	0.05%	0.16%
Alphabet Class AGOOGL	QQQM +0.10 points	2.83%	2.93%
Axon EnterpriseAXON	QQQM +0.10 points	0.05%	0.15%
Ge Healthcare TechnologiesGEHC	QQQM +0.09 points	0.05%	0.14%
Broadcom IncAVGO	QQQM +0.08 points	2.45%	2.53%
Dexcom IncDXCM	QQQM +0.09 points	0.04%	0.13%
Copart IncCPRT	QQQM +0.07 points	0.04%	0.11%

All 505 IVV holdings⁠All 103 QQQM 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 QQQM Cost

Overpaying QQQM vs IVV

$2,499

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

IVV 0.03%
$638
QQQM 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
QQQM 0.15%
Overpaying

Year by year

Year	IVV	QQQM	Overpaying
10	$55	$274	$219
20	$216	$1,071	$855
30	$638	$3,137	$2,499

Expense ratio

0.03%IVV, cheaper
0.15%QQQM

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

QQQM among 10 Nasdaq-100 funds

QQQM0.15%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQM 3rd cheapest of 10 funds

IVV vs QQQM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IVV 1.08%, better; QQQM 0.44%
Payout (12M): IVV $8.40; QQQM $1.32
Last payment: IVV $2.20; QQQM $0.31
Ex-dividend: IVV Sep 15, 2026; QQQM Sep 21, 2026
Paid on: IVV Sep 18, 2026; QQQM Sep 25, 2026
Frequency: IVV Quarterly; QQQM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

QQQMQuarterly · 24 paymentsAll QQQM payments⁠

IVV vs QQQM Risk

Fall from peak · 5 years

IVV
QQQM

Risk facts

VolatilityStd dev, 3 years: IVV 12.4%, betterQQQM 17.2%
Return per unit of riskSharpe ratio, 3 years: IVV 1.37, betterQQQM 1.27
Worst fallMax drawdown, 5 years: IVV −24.5%, betterQQQM −35.0%
Market sensitivityBeta, 5 years: IVV 1.00QQQM 1.23; Market = 1

IVV and QQQM in the news

All news⁠

New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQM
Deep Dive
SpaceX more than doubles its Nadaq-100 weighting as post-IPO lockups expire
Oct 23, 2026QQQM
Head-to-Head
New money goes to QQQM. A taxable QQQ holding can stay.
Oct 23, 2026QQQM
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026IVV
Head-to-Head
Own iShares Core S&P 500 ETF, IVV, unless you want the heavier growth bet in Vanguard Morningstar Growth ETF, VUG
Oct 16, 2026IVV
Head-to-Head
Own the Invesco NASDAQ 100 ETF rather than Invesco QQQ Trust, Series 1, unless you trade options
Oct 13, 2026QQQM

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