ACV vs QQQ
Virtus Diversified Income & Convertible Fund vs Invesco QQQ Trust, Series 1
Which is better, ACV or QQQ?
Debt-oriented balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | ACV | QQQ |
|---|---|---|
| Expense Ratio | 2.55% | 0.18%Best |
| AUM | $275M | $483.5B |
| Dividend Yield | 9.52% | 0.44% |
| Holdings | 308 | 107 |
| YTD Return | +2.41% | +15.21%Best |
| 1Y Return | +15.95% | +19.78%Best |
| 3Y Return (annualized) | +21.33% | +24.58%Best |
| 5Y Return (annualized) | +6.65% | +13.93%Best |
| Volatility (annualized) | 24.9% | 18.9%Best |
| Max Drawdown | -54.0% | -35.1%Best |
| $10,000 over 5 years | $13,798 | $19,195Best |
| Fund Family | Virtus Investment Partners | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Debt-oriented balanced | Large Cap Growth |
| Inception | May 26, 2015 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 22, 2015 to Sep 16, 2026 (11.3 years).
ACV 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 11.3 years both funds cover.
ACV vs QQQ Performance
Virtus Diversified Income & Convertible Fund (ACV) is an ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ACV returned +15.95% while QQQ returned +19.78%. Year to date, ACV is up 2.41% versus a gain of 15.21% for QQQ.
Over three years, ACV compounded at +21.33% per year against +24.58% for QQQ; over five years the annualized figures are +6.65% and +13.93% respectively. Across the full 11-year window we track, QQQ has the edge at +18.12% annualized vs +6.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACV has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 18.9% for QQQ. 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 -35.1% 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 0.77. 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 9.52% against 0.44% for QQQ.
Holdings Overlap
At least 65.7% of QQQ's money is in holdings ACV also owns.
Stated as a floor: for ACV, our book for it covers 80.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 159 days apart, ACV as of Feb 27, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
31 positions in common, counted across the 161 positions we hold weights for in ACV and 102 in QQQ, against full books of 308 and 107.
Top Shared Holdings
| Stock | Weight in ACV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.18% | 8.44% | 6.26% |
| AAPLApple, Inc | 1.76% | 7.27% | 5.51% |
| MSFTMicrosoft Corp | 1.22% | 5.76% | 4.54% |
| AMZNAmazon.Com Inc | 0.97% | 4.67% | 3.70% |
| MUMicron Technology, Inc. | 0.41% | 4.43% | 4.02% |
| GOOGLAlphabet Inc,class A | 1.36% | 3.36% | 2.00% |
| LITELumentum Holdings Inc | 3.65% | 0.28% | 3.37% |
| AVGOBroadcom Inc | 0.73% | 3.16% | 2.43% |
| AMDAdvanced Micro Devices Inc | 0.39% | 3.45% | 3.06% |
| METAMeta Platforms Inc | 0.57% | 2.78% | 2.21% |
65.7% of QQQ is already inside ACV.
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, ACV or QQQ?
ACV has an expense ratio of 2.55% while QQQ charges 0.18%. QQQ is the cheaper option, by $237 a year on a $10,000 investment.
Which performed better, ACV or QQQ?
Over the past year ACV returned +15.95% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), ACV annualized +6.61% vs +18.12% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACV or QQQ?
ACV has been the more volatile fund at 24.9% annualized versus 18.9% for QQQ. Worst drawdown: ACV -54.0% vs QQQ -35.1%.
Should I hold both ACV and QQQ?
ACV and QQQ have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACV and QQQ?
At least 65.7% of QQQ's money is in holdings ACV also owns. Our book for ACV is partial, so the real figure is this or higher. They hold 31 positions in common, counted across the 161 positions we hold weights for in ACV and 102 in QQQ.
Which pays a higher dividend, ACV or QQQ?
ACV yields 9.52% while QQQ yields 0.44%, so ACV currently pays the higher dividend yield.
Is QQQ better than ACV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.