APUE vs QQQ
ActivePassive US Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, APUE or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. APUE is less concentrated, with 37.7% 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 | APUE | QQQ |
|---|---|---|
| Expense Ratio | 0.31% | 0.18%Best |
| AUM | $2.5B | $483.5B |
| Dividend Yield | 0.75% | 0.44% |
| Holdings | 451 | 107 |
| YTD Return | +12.50% | +17.11%Best |
| 1Y Return | +19.14% | +23.99%Best |
| 3Y Return (annualized) | +20.37% | +24.62%Best |
| 5Y Return (annualized) | - | +14.23% |
| Volatility (annualized) | 12.9%Best | 17.2% |
| Max Drawdown | -19.1%Best | -22.8% |
| $10,000 over 3.4 years | $19,454 | $23,265Best |
| Top 10 Weight | 37.7%Best | 46.5% |
| Fund Family | Envestnet Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 3, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Sep 9, 2026 (3.4 years).
APUE 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 3.4 years both funds cover.
APUE vs QQQ Performance
ActivePassive US Equity ETF (APUE) is an ETF from Envestnet Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year APUE returned +19.14% while QQQ returned +23.99%. Year to date, APUE is up 12.50% versus a gain of 17.11% for QQQ.
Over three years, APUE compounded at +20.37% per year against +24.62% 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 17.2% compared with 12.9% for APUE. 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 -19.1% for APUE and -22.8% 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APUE charges 0.31% per year while QQQ charges 0.18%. On a $10,000 position that is $31 vs $18 annually, a gap of $13 per year that compounds over a long holding period. On income, APUE currently yields 0.75% against 0.44% for QQQ.
Holdings Overlap
48.9% of APUE's money is in holdings QQQ also owns. 96.1% of QQQ's money is in holdings APUE also owns.
Most of QQQ is already inside APUE. Owning both mostly buys the same companies twice.
92 positions in common, counted across the 450 positions we hold weights for in APUE and 102 in QQQ, against full books of 451 and 107.
What only one of them owns
Our book lists 3 positions for QQQ that do not appear in our book for APUE (0.9% of the fund), and 343 for APUE that do not appear in QQQ (50.2%).
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 APUE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.91% | 8.44% | 1.53% |
| AAPLApple, Inc | 6.30% | 7.27% | 0.97% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.13% | 5.76% | 0.63% |
| AMZNAmazon.Com Inc | 3.63% | 4.67% | 1.04% |
| GOOGLAlphabet A Usd 0.001 | 2.91% | 3.36% | 0.45% |
| AVGOBroadcom Inc | 2.74% | 3.16% | 0.42% |
| MUMicron Technology, Inc. | 1.37% | 4.43% | 3.06% |
| GOOGAlphabet Inc | 2.32% | 3.13% | 0.81% |
| AMDAdvanced Micro Devices Inc. | 1.10% | 3.45% | 2.35% |
| METAMeta Platforms, Inc. | 1.77% | 2.78% | 1.01% |
96.1% of QQQ is already inside APUE.
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, APUE or QQQ?
APUE has an expense ratio of 0.31% while QQQ charges 0.18%. QQQ is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, APUE or QQQ?
Over the past year APUE returned +19.14% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APUE or QQQ?
QQQ has been the more volatile fund at 17.2% annualized versus 12.9% for APUE. Worst drawdown: APUE -19.1% vs QQQ -22.8%.
Should I hold both APUE and QQQ?
APUE and QQQ have a monthly-return correlation of 0.90, 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 APUE and QQQ?
96.1% of QQQ's money is in holdings APUE also owns. 96.1% of QQQ's is in holdings APUE also owns. They hold 92 positions in common, counted across the 450 positions we hold weights for in APUE and 102 in QQQ.
Which pays a higher dividend, APUE or QQQ?
APUE yields 0.75% while QQQ yields 0.44%, so APUE currently pays the higher dividend yield.
Is QQQ better than APUE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. APUE is less concentrated, with 37.7% 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.