ANEW vs QQQ
MSCI Transformational Changes ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ANEW offers more diversification with 148 holdings.
Side-by-Side Comparison
| Metric | ANEW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $8M | $496.3B | |
| Dividend Yield | 0.53% | 0.44% | |
| Holdings | 148 | 108 | |
| YTD Return | +7.67% | +16.23% | |
| 1Y Return | +7.49% | +26.23% | |
| 3Y Return (annualized) | +15.90% | +25.75% | |
| 5Y Return (annualized) | +4.08% | +14.78% | |
| Volatility (annualized) | 16.8% | 30.6% | |
| Max Drawdown | -39.9% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 14, 2020 | Mar 10, 1999 |
ANEW vs QQQ Performance
MSCI Transformational Changes ETF (ANEW) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ANEW returned +7.49% while QQQ returned +26.23%. Year to date, ANEW is up 7.67% versus a gain of 16.23% for QQQ.
Over three years, ANEW compounded at +15.90% per year against +25.75% for QQQ; over five years the annualized figures are +4.08% and +14.78% respectively. Across the full 6-year window we track, QQQ has the edge at +13.02% annualized vs +5.96%. 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 16.8% for ANEW. 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 -39.9% for ANEW 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ANEW charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, ANEW currently yields 0.53% against 0.44% for QQQ.
Holdings Overlap
ANEW and QQQ share 30 holdings out of 219 unique holdings combined, representing a 21.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ANEW or QQQ?
ANEW has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, ANEW or QQQ?
Over the past year ANEW returned +7.49% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), ANEW annualized +5.96% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, ANEW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.8% for ANEW. Worst drawdown: ANEW -39.9% vs QQQ -83.0%.
Should I hold both ANEW and QQQ?
ANEW and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ANEW and QQQ?
ANEW and QQQ share 30 common holdings with a 21.7% weight overlap. Combined, they hold 219 unique securities.
Which pays a higher dividend, ANEW or QQQ?
ANEW yields 0.53% while QQQ yields 0.44%, so ANEW currently pays the higher dividend yield.
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