ACVT vs QQQ
Advent Convertible Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ACVT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $32M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 58 | 108 | |
| YTD Return | +6.88% | +18.31% | |
| 1Y Return | +8.82% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 5.7% | 30.6% | |
| Max Drawdown | -5.1% | -83.0% | |
| Fund Family | Advent Capital Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 30, 2025 | Mar 10, 1999 |
ACVT vs QQQ Performance
Advent Convertible Bond ETF (ACVT) is a ETF from Advent Capital Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ACVT returned +8.82% while QQQ returned +25.37%. Year to date, ACVT is up 6.88% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.7% for ACVT. 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 -5.1% for ACVT 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACVT charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, ACVT currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
ACVT and QQQ share 0 holdings out of 140 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACVT or QQQ?
ACVT has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ACVT or QQQ?
Over the past year ACVT returned +8.82% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ACVT annualized +11.00% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, ACVT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.7% for ACVT. Worst drawdown: ACVT -5.1% vs QQQ -83.0%.
Should I hold both ACVT and QQQ?
ACVT and QQQ have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACVT and QQQ?
ACVT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, ACVT or QQQ?
ACVT yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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