AAAA vs QQQ
Amplius Aggressive Asset Allocation ETF vs Invesco QQQ Trust, Series 1
Which is better, AAAA or QQQ?
Equity-oriented Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 63.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAAA | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $283M | $483.5B |
| Dividend Yield | 1.30% | 0.44% |
| Holdings | 47 | 107 |
| YTD Return | +11.48% | +17.95%Best |
| 1Y Return | +16.01% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 11.1%Best | 20.4% |
| Max Drawdown | -7.8%Best | -12.0% |
| $10,000 over 1.2 years | $12,345 | $13,082Best |
| Top 10 Weight | 63.4% | 46.5%Best |
| Fund Family | Amplius | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Growth |
| Inception | Jul 15, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 16, 2025 to Sep 18, 2026 (1.2 years).
AAAA vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
AAAA vs QQQ Performance
Amplius Aggressive Asset Allocation ETF (AAAA) is an ETF from Amplius and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AAAA returned +16.01% while QQQ returned +21.77%. Year to date, AAAA is up 11.48% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 11.1% for AAAA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.8% for AAAA and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AAAA charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, AAAA currently yields 1.30% against 0.44% for QQQ.
Holdings Overlap
14.0% of AAAA's money is in holdings QQQ also owns. 58.4% of QQQ's money is in holdings AAAA also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 46 positions we hold weights for in AAAA and 102 in QQQ, against full books of 47 and 107.
What only one of them owns
Measured across the 46 and 102 positions we hold weights for.
QQQ holds 80 positions AAAA does not, 39.2% of the fund.
Largest: AMAT 1.86%, COST 1.84%, LRCX 1.69%, NFLX 1.37%, PANW 1.30%
Top Shared Holdings
| Stock | Weight in AAAA | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.98% | 8.44% | 7.46% |
| AAPLApple, Inc | 1.01% | 7.27% | 6.26% |
| MSFTMicrosoft Corp | 1.02% | 5.76% | 4.74% |
| AMZNAmazon.Com Inc | 0.99% | 4.67% | 3.68% |
| MUMicron Technology, Inc. | 1.02% | 4.43% | 3.41% |
| AMDAdvanced Micro Devices Inc | 0.99% | 3.45% | 2.46% |
| GOOGLAlphabet Inc,class A | 0.99% | 3.36% | 2.37% |
| AVGOBroadcom Inc | 1.00% | 3.16% | 2.16% |
| METAMeta Platforms Inc | 0.99% | 2.78% | 1.79% |
| TSLATesla Inc | 1.05% | 2.56% | 1.51% |
58.4% of QQQ is already inside AAAA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAAA or QQQ?
AAAA has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, AAAA or QQQ?
Over the past year AAAA returned +16.01% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), AAAA annualized +19.19% vs +25.09% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAAA or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 11.1% for AAAA. Worst drawdown: AAAA -7.8% vs QQQ -12.0%.
Should I hold both AAAA and QQQ?
AAAA and QQQ have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AAAA and QQQ?
58.4% of QQQ's money is in holdings AAAA also owns. 58.4% of QQQ's is in holdings AAAA also owns. They hold 16 positions in common, counted across the 46 positions we hold weights for in AAAA and 102 in QQQ.
Which pays a higher dividend, AAAA or QQQ?
AAAA yields 1.30% while QQQ yields 0.44%, so AAAA currently pays the higher dividend yield.
Is QQQ better than AAAA?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 63.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.