ANEW vs QQQ
MSCI Transformational Changes ETF vs Invesco QQQ Trust, Series 1
Which is better, ANEW or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ANEW is less concentrated, with 22.3% of the fund in its ten largest positions against 46.5%.
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 | ANEW | QQQ |
|---|---|---|
| Expense Ratio | 0.45% | 0.18%Best |
| AUM | $8M | $483.5B |
| Dividend Yield | 0.50% | 0.44% |
| Holdings | 148 | 107 |
| YTD Return | +5.22% | +15.86%Best |
| 1Y Return | +3.72% | +22.63%Best |
| 3Y Return (annualized) | +14.36% | +24.15%Best |
| 5Y Return (annualized) | +2.92% | +14.16%Best |
| Volatility (annualized) | 16.8%Best | 20.1% |
| Max Drawdown | -39.9% | -35.1%Best |
| $10,000 over 5 years | $11,548 | $19,390Best |
| Top 10 Weight | 22.3%Best | 46.5% |
| Fund Family | ProShares | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Oct 14, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 16, 2020 to Sep 10, 2026 (5.9 years).
ANEW 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 5.9 years both funds cover.
ANEW vs QQQ Performance
MSCI Transformational Changes ETF (ANEW) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ANEW returned +3.72% while QQQ returned +22.63%. Year to date, ANEW is up 5.22% versus a gain of 15.86% for QQQ.
Over three years, ANEW compounded at +14.36% per year against +24.15% for QQQ; over five years the annualized figures are +2.92% and +14.16% respectively. Across the full 6-year window we track, QQQ has the edge at +17.09% annualized vs +5.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -35.1% 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 0.89. 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 0.50% against 0.44% for QQQ.
Holdings Overlap
28.3% of ANEW's money is in holdings QQQ also owns. 62.5% of QQQ's money is in holdings ANEW also owns.
The two portfolios partly overlap.
30 positions in common, counted across the 146 positions we hold weights for in ANEW and 102 in QQQ, against full books of 148 and 107.
What only one of them owns
Our book lists 65 positions for QQQ that do not appear in our book for ANEW (34.5% of the fund), and 82 for ANEW that do not appear in QQQ (46.0%).
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 ANEW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.86% | 8.44% | 6.58% |
| AAPLApple, Inc | 1.95% | 7.27% | 5.32% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.19% | 5.76% | 3.57% |
| AMZNAmazon.Com Inc | 1.97% | 4.67% | 2.70% |
| MUMicron Technology, Inc. | 1.00% | 4.43% | 3.43% |
| GOOGLAlphabet A Usd 0.001 | 1.75% | 3.36% | 1.61% |
| AVGOBroadcom Inc | 1.91% | 3.16% | 1.25% |
| METAMeta Platforms, Inc. | 1.83% | 2.78% | 0.95% |
| AMDAdvanced Micro Devices Inc. | 0.74% | 3.45% | 2.71% |
| TSLATesla Inc | 0.50% | 2.56% | 2.06% |
62.5% of QQQ is already inside ANEW.
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, ANEW or QQQ?
ANEW has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, ANEW or QQQ?
Over the past year ANEW returned +3.72% vs +22.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), ANEW annualized +5.49% vs +17.09% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ANEW or QQQ?
QQQ has been the more volatile fund at 20.1% annualized versus 16.8% for ANEW. Worst drawdown: ANEW -39.9% vs QQQ -35.1%.
Should I hold both ANEW and QQQ?
ANEW and QQQ have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ANEW and QQQ?
62.5% of QQQ's money is in holdings ANEW also owns. 62.5% of QQQ's is in holdings ANEW also owns. They hold 30 positions in common, counted across the 146 positions we hold weights for in ANEW and 102 in QQQ.
Which pays a higher dividend, ANEW or QQQ?
ANEW yields 0.50% while QQQ yields 0.44%, so ANEW currently pays the higher dividend yield.
Is QQQ better than ANEW?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ANEW is less concentrated, with 22.3% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.