ADFI vs QQQ
Anfield Dynamic Fixed Income 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 108 holdings.
Side-by-Side Comparison
| Metric | ADFI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.68% | 0.18% | |
| AUM | $50M | $496.3B | |
| Dividend Yield | 3.26% | 0.44% | |
| Holdings | 40 | 108 | |
| YTD Return | -1.39% | +16.23% | |
| 1Y Return | +1.21% | +26.23% | |
| 3Y Return (annualized) | +2.66% | +25.75% | |
| 5Y Return (annualized) | -0.61% | +14.78% | |
| Volatility (annualized) | 5.4% | 30.6% | |
| Max Drawdown | -18.0% | -83.0% | |
| Fund Family | Regents Park Funds, LLC | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 18, 2020 | Mar 10, 1999 |
ADFI vs QQQ Performance
Anfield Dynamic Fixed Income ETF (ADFI) is a ETF from Regents Park Funds, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ADFI returned +1.21% while QQQ returned +26.23%. Year to date, ADFI is down 1.39% versus a gain of 16.23% for QQQ.
Over three years, ADFI compounded at +2.66% per year against +25.75% for QQQ; over five years the annualized figures are -0.61% and +14.78% respectively. Across the full 6-year window we track, QQQ has the edge at +13.02% annualized vs -0.89%. 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 5.4% for ADFI. 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 -18.0% for ADFI 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ADFI charges 1.68% per year while QQQ charges 0.18%. On a $10,000 position that is $168 vs $18 annually, a gap of $150 per year that compounds over a long holding period. On income, ADFI currently yields 3.26% against 0.44% for QQQ.
Holdings Overlap
ADFI and QQQ share 0 holdings out of 107 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, ADFI or QQQ?
ADFI has an expense ratio of 1.68% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $150 per year of difference.
Which performed better, ADFI or QQQ?
Over the past year ADFI returned +1.21% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), ADFI annualized -0.89% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, ADFI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.4% for ADFI. Worst drawdown: ADFI -18.0% vs QQQ -83.0%.
Should I hold both ADFI and QQQ?
ADFI and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ADFI and QQQ?
ADFI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, ADFI or QQQ?
ADFI yields 3.26% while QQQ yields 0.44%, so ADFI currently pays the higher dividend yield.
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