AFIF vs QQQ
Anfield Universal Fixed Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. AFIF offers more diversification with 326 holdings.
Side-by-Side Comparison
| Metric | AFIF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $288M | $496.3B | |
| Dividend Yield | 3.76% | 0.44% | |
| Holdings | 326 | 108 | |
| YTD Return | +1.43% | +16.23% | |
| 1Y Return | +3.60% | +26.23% | |
| 3Y Return (annualized) | +6.45% | +25.75% | |
| 5Y Return (annualized) | +3.67% | +14.78% | |
| Volatility (annualized) | 2.8% | 30.6% | |
| Max Drawdown | -11.3% | -83.0% | |
| Fund Family | Horizon Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 18, 2018 | Mar 10, 1999 |
AFIF vs QQQ Performance
Anfield Universal Fixed Income ETF (AFIF) is a ETF from Horizon Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AFIF returned +3.60% while QQQ returned +26.23%. Year to date, AFIF is up 1.43% versus a gain of 16.23% for QQQ.
Over three years, AFIF compounded at +6.45% per year against +25.75% for QQQ; over five years the annualized figures are +3.67% and +14.78% respectively. Across the full 8-year window we track, QQQ has the edge at +13.02% annualized vs +1.98%. 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 2.8% for AFIF. 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 -11.3% for AFIF 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIF charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, AFIF currently yields 3.76% against 0.44% for QQQ.
Holdings Overlap
AFIF and QQQ share 0 holdings out of 191 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, AFIF or QQQ?
AFIF has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, AFIF or QQQ?
Over the past year AFIF returned +3.60% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), AFIF annualized +1.98% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, AFIF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.8% for AFIF. Worst drawdown: AFIF -11.3% vs QQQ -83.0%.
Should I hold both AFIF and QQQ?
AFIF and QQQ have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIF and QQQ?
AFIF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, AFIF or QQQ?
AFIF yields 3.76% while QQQ yields 0.44%, so AFIF currently pays the higher dividend yield.
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