ALRG vs QQQ
Allspring LT Large Core 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 | ALRG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.18% | |
| AUM | $8M | $496.3B | |
| Dividend Yield | 0.42% | 0.44% | |
| Holdings | 50 | 108 | |
| YTD Return | +12.64% | +16.19% | |
| 1Y Return | +21.39% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 12.8% | 30.6% | |
| Max Drawdown | -9.3% | -83.0% | |
| Fund Family | Allspring Global Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | Mar 10, 1999 |
ALRG vs QQQ Performance
Allspring LT Large Core ETF (ALRG) is a ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ALRG returned +21.39% while QQQ returned +25.22%. Year to date, ALRG is up 12.64% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.8% for ALRG. 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 -9.3% for ALRG 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALRG charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 0.44% for QQQ.
Holdings Overlap
ALRG and QQQ share 15 holdings out of 136 unique holdings combined, representing a 39.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ALRG or QQQ?
ALRG has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, ALRG or QQQ?
Over the past year ALRG returned +21.39% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +22.99% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, ALRG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.8% for ALRG. Worst drawdown: ALRG -9.3% vs QQQ -83.0%.
Should I hold both ALRG and QQQ?
ALRG and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALRG and QQQ?
ALRG and QQQ share 15 common holdings with a 39.4% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, ALRG or QQQ?
ALRG yields 0.42% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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