AEMG vs QQQ
Harbor AlphaEdge Mid Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, AEMG or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. AEMG is less concentrated, with 28.5% of the fund in its ten largest positions against 46.5%.
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 | AEMG | QQQ |
|---|---|---|
| Expense Ratio | 0.38% | 0.18%Best |
| AUM | - | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 115 | 107 |
| YTD Return | -4.48% | +15.21%Best |
| 1Y Return | - | +19.78% |
| 3Y Return (annualized) | - | +24.58% |
| 5Y Return (annualized) | - | +13.93% |
| Top 10 Weight | 28.5%Best | 46.5% |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Aug 26, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
AEMG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AEMG vs QQQ Performance
Harbor AlphaEdge Mid Cap Growth ETF (AEMG) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, AEMG is down 4.48% versus a gain of 15.21% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
AEMG charges 0.38% per year while QQQ charges 0.18%. On a $10,000 position that is $38 vs $18 annually, a gap of $20 per year that compounds over a long holding period. On income, AEMG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
12.6% of AEMG's money is in holdings QQQ also owns. 1.9% of QQQ's money is in holdings AEMG also owns.
AEMG and QQQ share little of their money.
8 positions in common, counted across the 115 positions we hold weights for in AEMG and 102 in QQQ, against full books of 115 and 107.
What only one of them owns
Our book lists 88 positions for QQQ that do not appear in our book for AEMG (95.7% of the fund), and 100 for AEMG that do not appear in QQQ (81.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AEMG | Weight in QQQ | Difference |
|---|---|---|---|
| TERTeradyne Inc - Common | 2.74% | 0.27% | 2.47% |
| DDOGDatadog Inc | 2.26% | 0.41% | 1.85% |
| DXCMDexcom Inc. | 2.14% | 0.14% | 2.00% |
| ALABAstera Labs Inc - Common | 1.47% | 0.24% | 1.23% |
| AXONAxon Enterprise Inc | 1.10% | 0.22% | 0.88% |
| CRWVCoreweave, Inc. | 1.08% | 0.18% | 0.90% |
| RKLBRocket Lab Corp | 1.01% | 0.19% | 0.82% |
| ADSKAutodesk, Inc. | 0.79% | 0.22% | 0.57% |
You are not choosing between two funds in isolation.
Whichever of AEMG and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AEMG or QQQ?
AEMG has an expense ratio of 0.38% while QQQ charges 0.18%. QQQ is the cheaper option, by $20 a year on a $10,000 investment.
What is the holdings overlap between AEMG and QQQ?
12.6% of AEMG's money is in holdings QQQ also owns. 1.9% of QQQ's is in holdings AEMG also owns. They hold 8 positions in common, counted across the 115 positions we hold weights for in AEMG and 102 in QQQ.
Which pays a higher dividend, AEMG or QQQ?
AEMG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than AEMG?
QQQ has a lower expense ratio. AEMG is less concentrated, with 28.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.