AMID vs QQQ
Argent Mid Cap 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 | AMID | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.18% | |
| AUM | $119M | $496.3B | |
| Dividend Yield | 0.34% | 0.44% | |
| Holdings | 47 | 108 | |
| YTD Return | +8.44% | +16.23% | |
| 1Y Return | +8.64% | +26.23% | |
| 3Y Return (annualized) | +12.14% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 18.0% | 30.6% | |
| Max Drawdown | -23.1% | -83.0% | |
| Fund Family | Alpha Architect | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 17, 2022 | Mar 10, 1999 |
AMID vs QQQ Performance
Argent Mid Cap ETF (AMID) is a ETF from Alpha Architect and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMID returned +8.64% while QQQ returned +26.23%. Year to date, AMID is up 8.44% versus a gain of 16.23% for QQQ.
Over three years, AMID compounded at +12.14% per year against +25.75% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +10.79%. 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 18.0% for AMID. 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 -23.1% for AMID 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMID charges 0.52% per year while QQQ charges 0.18%. On a $10,000 position that is $52 vs $18 annually, a gap of $34 per year that compounds over a long holding period. On income, AMID currently yields 0.34% against 0.44% for QQQ.
Holdings Overlap
AMID and QQQ share 3 holdings out of 145 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AMID or QQQ?
AMID has an expense ratio of 0.52% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, AMID or QQQ?
Over the past year AMID returned +8.64% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), AMID annualized +10.79% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMID or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.0% for AMID. Worst drawdown: AMID -23.1% vs QQQ -83.0%.
Should I hold both AMID and QQQ?
AMID and QQQ have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMID and QQQ?
AMID and QQQ share 3 common holdings with a 1.2% weight overlap. Combined, they hold 145 unique securities.
Which pays a higher dividend, AMID or QQQ?
AMID yields 0.34% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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