AGRW vs QQQ
Allspring LT Large Growth 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 | AGRW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $117M | $496.3B | |
| Dividend Yield | 0.12% | 0.44% | |
| Holdings | 51 | 108 | |
| YTD Return | +6.94% | +15.47% | |
| 1Y Return | +10.79% | +24.44% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 17.1% | 30.6% | |
| Max Drawdown | -16.5% | -83.0% | |
| Fund Family | Allspring Global Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Mar 10, 1999 |
AGRW vs QQQ Performance
Allspring LT Large Growth ETF (AGRW) is a ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AGRW returned +10.79% while QQQ returned +24.44%. Year to date, AGRW is up 6.94% versus a gain of 15.47% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.1% for AGRW. 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 -16.5% for AGRW 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AGRW charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, AGRW currently yields 0.12% against 0.44% for QQQ.
Holdings Overlap
AGRW and QQQ share 19 holdings out of 132 unique holdings combined, representing a 39.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AGRW or QQQ?
AGRW has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AGRW or QQQ?
Over the past year AGRW returned +10.79% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), AGRW annualized +21.25% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, AGRW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.1% for AGRW. Worst drawdown: AGRW -16.5% vs QQQ -83.0%.
Should I hold both AGRW and QQQ?
AGRW and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AGRW and QQQ?
AGRW and QQQ share 19 common holdings with a 39.2% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, AGRW or QQQ?
AGRW yields 0.12% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.