ACV vs QQQ
Virtus Diversified Income & Convertible Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. ACV delivered stronger 1-year returns. ACV offers more diversification with 161 holdings.
Side-by-Side Comparison
| Metric | ACV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.55% | 0.18% | |
| AUM | $280M | $455.8B | |
| Dividend Yield | 8.80% | 0.41% | |
| Holdings | 308 | 108 | |
| YTD Return | +10.26% | +18.31% | |
| 1Y Return | +33.26% | +25.37% | |
| 3Y Return (annualized) | +22.94% | +25.79% | |
| 5Y Return (annualized) | +8.77% | +15.20% | |
| Volatility (annualized) | 24.9% | 30.6% | |
| Max Drawdown | -54.0% | -83.0% | |
| Fund Family | Virtus Investment Partners | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 26, 2015 | Mar 10, 1999 |
ACV vs QQQ Performance
Virtus Diversified Income & Convertible Fund (ACV) is a ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ACV returned +33.26% while QQQ returned +25.37%. Year to date, ACV is up 10.26% versus a gain of 18.31% for QQQ.
Over three years, ACV compounded at +22.94% per year against +25.79% for QQQ; over five years the annualized figures are +8.77% and +15.20% respectively. Across the full 11-year window we track, QQQ has the edge at +13.10% annualized vs +7.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 24.9% for ACV. 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 -54.0% for ACV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACV charges 2.55% per year while QQQ charges 0.18%. On a $10,000 position that is $255 vs $18 annually, a gap of $237 per year that compounds over a long holding period. On income, ACV currently yields 8.80% against 0.41% for QQQ.
Holdings Overlap
ACV and QQQ share 31 holdings out of 233 unique holdings combined, representing a 15.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACV or QQQ?
ACV has an expense ratio of 2.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $237 per year of difference.
Which performed better, ACV or QQQ?
Over the past year ACV returned +33.26% vs +25.37% for QQQ, so ACV leads on 1-year performance. Over the longest common window we track (11 years), ACV annualized +7.37% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, ACV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.9% for ACV. Worst drawdown: ACV -54.0% vs QQQ -83.0%.
Should I hold both ACV and QQQ?
ACV and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACV and QQQ?
ACV and QQQ share 31 common holdings with a 15.9% weight overlap. Combined, they hold 233 unique securities.
Which pays a higher dividend, ACV or QQQ?
ACV yields 8.80% while QQQ yields 0.41%, so ACV currently pays the higher dividend yield.
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