βš”οΈ Head to head

IHVV vs QUS: Which ETF Is Better?

A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.

IHVV comes out ahead on 10 of 10 measures. Which matters most depends on you.

The big difference is currency. IHVV is currency hedged, so its returns ignore moves in the Australian dollar. QUS is unhedged: it does better when the dollar falls and worse when it rises.

The short answer

πŸ’ΈLower feeIHVV wins
IHVV
0.10%
QUS
0.29%

Worth about $13,275 on $100,000 over 20 years.

🏦Bigger fundIHVV wins
IHVV
$4.3bn
QUS
$1.4bn

Bigger funds usually trade more cheaply and are less likely to close.

πŸ“ˆ1-year returnIHVV wins
IHVV
+15.4%
QUS
+6.6%
πŸ“Š3-year returnIHVV wins
IHVV
+21.0% a yr
QUS
+12.0% a yr
🏁5-year returnIHVV wins
IHVV
+10.9% a yr
QUS
+7.9% a yr
βš–οΈCheaper to tradeIHVV wins
IHVV
0.02%
QUS
0.06%

A tighter gap between the buy and sell price.

IHVV vs QUS side by side

IHVV leads on 10, QUS on 0IHVViShares S&P 500 (AUD Hedged) ETFQUSBetashares S&P 500 Equal Weight ETF
The basics
Index trackedS&P 500 Index, hedged to AUDS&P 500 Equal Weight Index
Fund manageriSharesBetashares
Asset classInternational sharesInternational shares
ListedDec 2014Dec 2014
Cost and size
MERyearly fee, lower is better0.10%βœ“0.29%
AUMfund size$4.3bnβœ“$1.4bn
Net flows (Sep)new money in, last month$48mβœ“$21m
Bid/ask spreadtrading cost, lower is better0.02%βœ“0.06%
Total returns
1 month+0.0%βœ“βˆ’1.6%
1 year+15.4%βœ“+6.6%
3 years p.a.+21.0%βœ“+12.0%
5 years p.a.+10.9%βœ“+7.9%
$10,000 invested
1 year ago$11,539βœ“$10,655
5 years ago$16,762βœ“$14,607

βœ“ marks the better figure on each measure. Returns include distributions, to 30 September 2026.

IHVV vs QUS price chart

Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions Β· TradingView

πŸ“ˆ Growth

What $10,000 invested is worth now

$10,000 put into IHVV 5 years ago is worth $16,762 today, against $14,607 in QUS. That is $2,155 more in IHVV.

IHVVQUS$10,000 invested
$0k$5k$10k$15k$20k$11.5k$10.7k1 year agoIHVV +$884$17.7k$14.1k3 years agoIHVV +$3,638$16.8k$14.6k5 years agoIHVV +$2,155

Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.

πŸ’Έ Cost

What the fees cost you

IHVV's lower fee leaves about $13,275 more in your pocket over 20 years.

IHVV charges 0.10% a yearQUS charges 0.29% a year
🧾 Fees paid on $100,000Saving
5 years
IHVV
βˆ’$654
QUS
βˆ’$1,890
You keep$1,236more with IHVV
10 years
IHVV
βˆ’$1,831
QUS
βˆ’$5,267
You keep$3,436more with IHVV
20 years
IHVV
βˆ’$7,169
QUS
βˆ’$20,444
You keep$13,275more with IHVV

Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.

IHVV and QUS overlap

30%portfolio overlap (moderate)

234 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.

Biggest shared holdings% of IHVV% of QUS
1.74%0.25%
0.42%0.24%
0.24%0.28%
0.39%0.23%
0.39%0.23%
0.23%0.24%
1.08%0.23%
0.80%0.23%
0.32%0.23%
0.84%0.23%
0.39%0.22%
0.37%0.22%

Add more ETFs and see the overlap in Compare ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

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Joshua Stega
etfadviserExchange traded fund specialist adviser Β· 20 years’ experience
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FAQs

Which is better, IHVV or QUS?

It depends on what you need. On our numbers IHVV wins on 10 measures and QUS on 0. IHVV is cheaper, with a management fee of 0.10% vs 0.29%. On $100,000 over 20 years that difference is worth about $13,275. IHVV is the larger fund at $4.3bn vs $1.4bn. IHVV has the better 1-year return: +15.4% vs +6.6%.

Which is cheaper, IHVV or QUS?

IHVV charges 0.10% a year and QUS charges 0.29% a year.

Can I hold both IHVV and QUS?

You can, but check how much they overlap. IHVV is a international shares fund and QUS is a international shares fund.

More comparisons

IVV vs IHVVIHVV vs HQUSIHVV vs DFGHIHVV vs HGBLIHVV vs IHOOIHVV vs TLRHIHVV vs IJHIHVV vs WDIVIHVV vs SPYIHVV vs HJPNIHVV vs UMAXIVV vs QUSQUS vs HQUSQUS vs IJHQUS vs SPY

Add more ETFs to this comparison β†’

General information only, not a recommendation. Past performance is not a reliable indicator of future performance.