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QQLV vs USMV

Invesco QQQ Low Volatility ETF

QQLVCNasdaq

iShares MSCI USA Min Vol Factor ETF

USMVACboe

Overlap

Expense ratio

USMV −0.10pt a year

QQLV0.25%USMV0.15%

Avg volume · 30D

USMV 1040.3×the volume

QQLV1.9KUSMV1.97M

QQLV vs USMV Performance

Nov 7, 2025 – Nov 9, 2026

+15.0%QQLV+12.4%USMV

Nov 7, 2025 to Nov 9, 2026. QQLV +15.0%. USMV +12.4%. Use the arrow keys to read each point.0%2.5%5%7.5%10%Nov 2025May 2026Nov 2026
Expense ratio
QQLV 0.25%
USMV 0.15%, better
Fund size
QQLV $3M
USMV $23.7B
1Y total return
QQLV +15.0%, better
USMV +12.4%
Yield (12M)
QQLV 1.80%, better
USMV 1.37%
Holdings
QQLV 28
USMV 177
Avg volume (30D)
QQLV 1.9K sh
USMV 1.97M sh, better
NAV per share
QQLV $26.57
USMV $101.26
52W range

ETF.net Grade

QQLV: Cost 30, Risk 35, Mission 79, Tradability 44, Holdings 20, Durability 10. USMV: Cost 70, Risk 60, Mission 85, Tradability 85, Holdings 55, Durability 87.
Pillar letters and Scores for QQLV, USMV, with each pillar’s weight
PillarQQLVUSMV
Cost30% weightD30A70Higher
Mission25% weightA79A85Higher
Risk15% weightD35B60Higher
Tradability15% weightC44A85Higher
Holdings10% weightF20B55Higher
Durability5% weightF10A87Higher

Rank among US Low Volatility Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQLV and USMV are both graded against the same 16 US Low Volatility Index funds, so their Grades compare head to head.

US Low Volatility Index⁠

Category · 16 funds
See all 16 ›

USMV ranks 3rd and QQLV 15th of 16 funds in the US Low Volatility Index Category.

  1. Rank 1ALGLVState Street SPDR US Large Cap Low Volatility Index ETFScore 78
  2. Rank 2AQLVNorthern Trust US Quality Low Volatility ETFScore 75
  3. Rank 3AUSMViShares MSCI USA Min Vol Factor ETFScore 73
  4. Rank 4BSMLVState Street SPDR US Small Cap Low Volatility Index ETFScore 69
  5. Rank 14CXSLVInvesco S&P SmallCap Low Volatility ETFScore 44
  6. Rank 15CQQLVInvesco QQQ Low Volatility ETFScore 40
  7. Rank 16DVSMVVictoryShares US Multi-Factor Minimum Volatility ETFScore 39

Our read on each fund

ETF.net Research

QQLVCInvesco QQQ Low Volatility ETF

USMVAiShares MSCI USA Min Vol Factor ETF

In short

QQLV No data

USMV The household name in low-volatility investing. Since 2011 USMV has tracked an MSCI index built around U.S. stocks with calmer price behavior, holding roughly 160 names for 0.15% a year.

Stated mandate

QQLV No data

USMV The fund seeks to track an index targeting U.S. stocks with lower-volatility characteristics.

Why people hold it

QQLV No data

  • USMV Costs 0.15% a year, below the typical fee in its low-volatility peer group.
  • A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
  • Running since 2011 on a published MSCI rulebook, with one of the stronger implementations among U.S. low-vol funds.ishares.com
  • Straightforward plumbing: index-tracked U.S. stocks, quarterly distributions, no derivatives layer to decode.

Worth knowing

QQLV No data

  • USMV Not the cheapest ticket in the aisle. QLV and LGLV both undercut it on fee.
  • "Minimum volatility" describes how the index picks and weights stocks, not a floor under losses. This is still a fully invested equity fund.
  • Roughly 160 holdings is a far narrower slice than a total-market fund, so results can drift from the broad U.S. index in either direction.

Full QQLV profile⁠

Full USMV profile⁠

QQLV vs USMV 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.

QQLV vs USMV Cost

Overpaying QQLV vs USMV

$2,022

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

  • QQLV 0.25%

    $5,159

  • USMV 0.15%

    $3,137

$10,000
30 years

Cost over time

  • QQLV 0.25%
  • USMV 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QQLV $5,159USMV $3,137

Year by year

YearQQLVUSMVOverpaying
10$455$274$181
20$1,769$1,071$698
30$5,159$3,137$2,022

Expense ratio

  • 0.25%QQLV
  • 0.15%USMV, cheaper
  • Middle half of US Low Volatility Index funds
  • Median 0.20%

USMV 5th cheapest of 16 funds

QQLV 10th cheapest of 16 funds

QQLV vs USMV Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQLV 1.80%, better
USMV 1.37%
Payout (12M)
QQLV $0.49
USMV $1.41
Last payment
QQLV $0.05
USMV $0.33
Ex-dividend
QQLV Oct 19, 2026
USMV Sep 15, 2026
Paid on
QQLV Oct 23, 2026
USMV Sep 18, 2026
Frequency
QQLV Monthly
USMV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

QQLVMonthly · 22 paymentsAll QQLV payments⁠
One bar per payment. 22 payments from 2023 to 2026 YTD. Jan 21, 2025 $0.02; Feb 24, 2025 $0.03; Mar 24, 2025 $0.02; Apr 21, 2025 $0.03; May 19, 2025 $0.03; Jun 23, 2025 $0.04; Jul 21, 2025 $0.05; Aug 18, 2025 $0.05; Sep 22, 2025 $0.04; Oct 20, 2025 $0.05; Nov 24, 2025 $0.03; Dec 22, 2025 $0.06; Jan 20, 2026 $0.03; Feb 23, 2026 $0.03; Mar 23, 2026 $0.03; Apr 20, 2026 $0.05; May 18, 2026 $0.04; Jun 22, 2026 $0.05; Jul 20, 2026 $0.05; Aug 24, 2026 $0.04; Sep 21, 2026 $0.03; Oct 19, 2026 $0.05. Use the arrow keys to read each point.$0$0.5020232026YTD
USMVQuarterly · 15 paymentsAll USMV payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 23, 2023 $0.32; Jun 7, 2023 $0.28; Sep 26, 2023 $0.39; Dec 20, 2023 $0.43; Mar 21, 2024 $0.36; Jun 11, 2024 $0.30; Sep 25, 2024 $0.41; Dec 17, 2024 $0.42; Mar 18, 2025 $0.32; Jun 16, 2025 $0.33; Sep 16, 2025 $0.36; Dec 16, 2025 $0.39; Mar 17, 2026 $0.39; Jun 15, 2026 $0.30; Sep 15, 2026 $0.33. Use the arrow keys to read each point.$0$0.5020232026YTD

QQLV vs USMV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQLV 11.7%since Jan 2025USMV 9.9%
Return per unit of riskSharpe ratio, 3 years
QQLV 0.41since Jan 2025USMV 0.99
Worst fallMax drawdown, 5 years
QQLV −9.5%since Dec 2024USMV −17.9%
Market sensitivityBeta, 5 years
QQLV 0.16USMV 0.48

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