IVV and QUS overlap by about 33%: there is a fair amount of double-up. IVV is cheaper (0.04% vs 0.29% a year), about $250 a year less on $100,000. IVV is the bigger fund ($14.9b vs $1.4b). The same 500 US companies, weighted differently. IVV weights by size, so the biggest tech companies dominate; QUS gives each company about the same weight, for a higher fee.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
IVV
iShares S&P 500 ETFIVV invests in the 500 large US companies in the S&P 500 index, weighted by size. It is one of the cheapest ETFs on the ASX.
QUS
Betashares S&P 500 Equal Weight ETFQUS invests in the 500 companies of the S&P 500, giving each roughly the same weight rather than weighting by size.
IVV vs QUS side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| IVV | QUS | |
|---|---|---|
| Issuer | iShares (BlackRock) | Betashares |
| Index | S&P 500 Index | S&P 500 Equal Weight Index |
| Fee (a year) | 0.04% | 0.29% |
| Size | $14.9b | $1.4b |
| Net money in, September | −$84m | +$21m |
| 1-year return | +10.1% | +6.6% |
| 5-year return | +88% | +46% |
| Listed | 2007 | 2014 |
| Top 10 holdings | 41% of fund | 3% of fund |
| Trend now | Base | Uptrend |
How much do IVV and QUS overlap?
About 33% of their holdings are the same, by weight: medium overlap, so there is a fair amount of double-up.
The biggest companies they both own
| Company | IVV | QUS |
|---|---|---|
| Eli Lilly & CoHealth Care | 1.9% | 0.3% |
| Texas Instruments IncInformation Technology | 0.4% | 0.3% |
| Crowdstrike Holdings IncInformation Technology | 0.4% | 0.3% |
| Amgen IncHealth Care | 0.4% | 0.3% |
| Visa IncFinancials | 1.2% | 0.3% |
| AbbVie IncHealth Care | 0.9% | 0.3% |
| Gilead Sciences IncHealth Care | 0.3% | 0.3% |
| Walmart IncConsumer Discretionary | 0.9% | 0.3% |
| Thermo Fisher Scientific IncHealth Care | 0.4% | 0.3% |
| International Business Machines CorpInformation Technology | 0.4% | 0.3% |
Only in IVV
- NVIDIA Corp 8.1%
- Alphabet (Google) 4.8%
- Broadcom Inc 2.5%
- Micron Technology Inc 1.6%
- Intel Corp 0.5%
Only in QUS
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
IVV or QUS: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of IVV and QUS.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
IVV vs QUS FAQs
Is IVV or QUS better?
Neither is better for everyone. The same 500 US companies, weighted differently. IVV weights by size, so the biggest tech companies dominate; QUS gives each company about the same weight, for a higher fee. Choose IVV if you want the US market itself at one of the lowest fees available. Choose QUS if you want less reliance on the mega-caps and more on the average US company.
What is the difference between IVV and QUS?
IVV and QUS overlap by about 33%: there is a fair amount of double-up. IVV is cheaper (0.04% vs 0.29% a year), about $250 a year less on $100,000. IVV is the bigger fund ($14.9b vs $1.4b). The same 500 US companies, weighted differently. IVV weights by size, so the biggest tech companies dominate; QUS gives each company about the same weight, for a higher fee.
Should I own both IVV and QUS?
You can, but check the double-up: about 33% of their holdings are the same. Use the overlap calculator to see how they fit with your other ETFs.
Which is cheaper, IVV or QUS?
IVV is cheaper (0.04% vs 0.29% a year), about $250 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell IVV or QUS. Consider the PDS and TMD, and your own circumstances, before investing.