Dividend comparison
QQQM vs IVV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco NASDAQ 100 ETF and iShares Core S&P 500 ETF, side by side. Updated October 21, 2026.
- Fees. IVV is cheaper at 0.03% a year versus 0.15% for QQQM. On $10,000 that is $12 a year less in fees.
- Income. IVV pays more income, yielding 1.09% over the last twelve months versus 0.45% for QQQM. That is about $64 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, QQQM returned 97.0% versus 80.1% for IVV, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $18,014 in IVV.
- Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.0%, against -24.5% for IVV.
- Diversification. IVV holds 504 positions and QQQM holds 103. The ten largest positions make up 47.2% of QQQM and 38.6% of IVV.
- Overlap. At least 50% of the two portfolios overlap by weight, across 36 shared holdings.
- Dividend growth. QQQM grew its yearly payout 17.8% a year over the last 4 years, versus 8.8% for IVV.
- Size. IVV is the larger fund with $883.7 billion in assets, against $108.6 billion for QQQM.
Bottom line: QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. IVV fits better if you care most about lower fees, more income today, smaller drawdowns and broader diversification.
| Metric | QQQM Invesco NASDAQ 100 ETF | IVV iShares Core S&P 500 ETF |
|---|---|---|
| Dividend yield (TTM) | 0.45% | 1.09% |
| Dividend / share (TTM) | $1.32 | $8.40 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.3127 on Sep 25, 2026 | $2.2026 on Sep 18, 2026 |
| Ex-dividend date | Sep 21, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 17.8% over 4 yrs | 8.8% over 4 yrs |
| Price | $295.59 | $772.35 |
| Dividend growth streak | — | 4 years |
| Beta | 1.23 | 1.00 |
| Max drawdown (5Y) | -35.0% | -24.5% |
| Market cap | $78.87B | $880.18B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.15% | 0.03% |
| Assets under management | $108.58B | $883.68B |
| Number of holdings | 103 | 504 |
| Top 10 concentration | 47.2% | 38.6% |
QQQM
$3.71/mo
$45 /yr at 0.45% yield
IVV
$9.06/mo
$109 /yr at 1.09% yield
| Year | QQQM | IVV |
|---|---|---|
| 2025 | $1.2592 | $8.0399 |
| 2024 | $1.2755 | $7.6453 |
| 2023 | $1.0965 | $6.8988 |
| 2022 | $0.9145 | $6.3933 |
| 2021 | $0.6549 | $5.7272 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What QQQM vs IVV actually do
Launched in 2020 as an open-end fund, it holds identical constituents at identical weights to its older sibling and charges a lower expense ratio. The gap in fee is small in any one year but compounds across a long holding period, which is the entire reason the fund exists. What it gives up is trading depth: spreads are wider and the options market on it is thin next to QQQ's.
Suits a long-term holder accumulating Nasdaq-100 exposure inside a retirement or taxable account. Not the right choice for active traders or anyone writing options against the position.
Growth-tilted core, concentrated
It holds the full index at market-cap weights and, like VOO, is structured as an open-end fund, so it can reinvest income internally and lend out securities. Differences against the other S&P 500 trackers come down to fee, share price, spread and where the fund trades commission-free, not to what is inside it. Tracking difference between the cheap S&P 500 funds is small enough that platform and tax considerations usually decide the choice.
Suits an investor who wants core S&P 500 exposure and already holds other iShares funds or trades on a platform where iShares is cheapest. There is no income case for it beyond the index's own dividends.
Core holding
| Period | QQQM | IVV |
|---|---|---|
| 1 month | -0.34% | 0.97% |
| 3 months | 3.24% | 3.43% |
| Year to date | 16.87% | 12.76% |
| 1 year | 17.41% | 14.49% |
| 3 years | 105.29% | 87.50% |
| 5 years | 96.99% | 80.14% |
- QQQM
- IVV
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
- QQQM
- IVV
| Largest shared holdings | QQQM weight | IVV weight |
|---|---|---|
| NVDANVIDIA Corp | 8.17% | 7.91% |
| AAPLApple Inc | 7.82% | 7.54% |
| MSFTMicrosoft Corp | 6.19% | 5.97% |
| AMZNAmazon.com Inc | 4.42% | 3.88% |
| GOOGLAlphabet Inc | 3.15% | 3.04% |
| GOOGAlphabet Inc | 2.94% | 2.44% |
| AVGOBroadcom Inc | 2.49% | 2.40% |
| METAMeta Platforms Inc | 3.28% | 2.34% |
| TSLATesla Inc | 3.02% | 1.56% |
| MUMicron Technology Inc | 4.41% | 1.54% |
QQQM103 holdings total
Quick verdict
QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. IVV fits better if you care most about lower fees, more income today, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.
Frequently asked questions
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.