ASLV vs QQQ
Allspring Special Large Value 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 | ASLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $221M | $496.3B | |
| Dividend Yield | 0.80% | 0.44% | |
| Holdings | 46 | 108 | |
| YTD Return | +10.47% | +16.64% | |
| 1Y Return | +16.60% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 10.3% | 30.6% | |
| Max Drawdown | -11.0% | -83.0% | |
| Fund Family | Allspring Global Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Mar 10, 1999 |
ASLV vs QQQ Performance
Allspring Special Large Value ETF (ASLV) is a ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ASLV returned +16.60% while QQQ returned +27.27%. Year to date, ASLV is up 10.47% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.3% for ASLV. 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 -11.0% for ASLV 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASLV charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, ASLV currently yields 0.80% against 0.44% for QQQ.
Holdings Overlap
ASLV and QQQ share 13 holdings out of 133 unique holdings combined, representing a 20.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASLV or QQQ?
ASLV has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, ASLV or QQQ?
Over the past year ASLV returned +16.60% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ASLV annualized +18.37% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ASLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.3% for ASLV. Worst drawdown: ASLV -11.0% vs QQQ -83.0%.
Should I hold both ASLV and QQQ?
ASLV and QQQ have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASLV and QQQ?
ASLV and QQQ share 13 common holdings with a 20.0% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, ASLV or QQQ?
ASLV yields 0.80% while QQQ yields 0.44%, so ASLV currently pays the higher dividend yield.
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