AGRW vs QQQ
Allspring LT Large Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, AGRW or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 53.2%.
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 | AGRW | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $116M | $498.6B |
| Dividend Yield | 0.12% | 0.42% |
| Holdings | 51 | 321 |
| YTD Return | +11.54% | +22.35%Best |
| 1Y Return | +10.20% | +22.84%Best |
| 3Y Return (annualized) | - | +27.55% |
| 5Y Return (annualized) | - | +16.36% |
| Volatility (annualized) | 16.2%Best | 18.5% |
| Max Drawdown | -16.5% | -13.6%Best |
| $10,000 over 1.5 years | $13,593 | $15,480Best |
| Top 10 Weight | 53.2% | 47.2%Best |
| Fund Family | Allspring Global Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 8, 2026 (1.5 years).
AGRW 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 covers the 1.5 years both funds cover.
AGRW vs QQQ Performance
Allspring LT Large Growth ETF (AGRW) is an ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AGRW returned +10.20% while QQQ returned +22.84%. Year to date, AGRW is up 11.54% versus a gain of 22.35% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 16.2% 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 -13.6% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.42% for QQQ.
Holdings Overlap
61.5% of AGRW's money is in holdings QQQ also owns. 50.8% of QQQ's money is in holdings AGRW also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 47 positions we hold weights for in AGRW and 102 in QQQ, against full books of 51 and 321.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for AGRW (47.0% of the fund), and 26 for AGRW that do not appear in QQQ (35.9%).
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 AGRW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.27% | 8.45% | 6.82% |
| AAPLApple, Inc | 4.63% | 7.80% | 3.17% |
| GOOGAlphabet Inc. C | 8.58% | 2.93% | 5.65% |
| MSFTMicrosoft Corp | 4.15% | 5.88% | 1.73% |
| AMZNAmazon.Com Inc | 4.14% | 4.41% | 0.27% |
| AVGOBroadcom Inc | 4.67% | 2.74% | 1.93% |
| MUMicron Technology, Inc. | 2.24% | 4.85% | 2.61% |
| METAMeta Platforms Inc | 3.93% | 3.07% | 0.86% |
| LRCXLrcx Uw Equity | 2.78% | 1.64% | 1.14% |
| WMTWalmart, Inc. | 0.88% | 2.31% | 1.43% |
61.5% of AGRW is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $17 a year on a $10,000 investment.
Which performed better, AGRW or QQQ?
Over the past year AGRW returned +10.20% vs +22.84% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), AGRW annualized +22.71% vs +33.82% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AGRW or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 16.2% for AGRW. Worst drawdown: AGRW -16.5% vs QQQ -13.6%.
Should I hold both AGRW and QQQ?
AGRW and QQQ have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AGRW and QQQ?
61.5% of AGRW's money is in holdings QQQ also owns. 50.8% of QQQ's is in holdings AGRW also owns. They hold 19 positions in common, counted across the 47 positions we hold weights for in AGRW and 102 in QQQ.
Which pays a higher dividend, AGRW or QQQ?
AGRW yields 0.12% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than AGRW?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 53.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.