ASLV vs QQQ
Allspring Special Large Value ETF vs Invesco QQQ Trust, Series 1
Which is better, ASLV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. ASLV is less concentrated, with 40.0% of the fund in its ten largest positions against 47.2%.
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 | ASLV | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $211M | $498.6B |
| Dividend Yield | 0.79% | 0.42% |
| Holdings | 46 | 321 |
| YTD Return | +7.47% | +24.32%Best |
| 1Y Return | +10.25% | +25.59%Best |
| 3Y Return (annualized) | - | +28.30% |
| 5Y Return (annualized) | - | +16.83% |
| Volatility (annualized) | 10.6%Best | 18.5% |
| Max Drawdown | -11.0%Best | -13.6% |
| $10,000 over 1.5 years | $12,276 | $15,750Best |
| Top 10 Weight | 40.0%Best | 47.2% |
| Fund Family | Allspring Global Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Mar 26, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 6, 2026 (1.5 years).
ASLV 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 1.5 years both funds cover.
ASLV vs QQQ Performance
Allspring Special Large Value ETF (ASLV) is an ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ASLV returned +10.25% while QQQ returned +25.59%. Year to date, ASLV is up 7.47% versus a gain of 24.32% 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 18.5% compared with 10.6% 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 -13.6% 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 0.37. They move together some of the time, and apart the rest.
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 0.79% against 0.42% for QQQ.
Holdings Overlap
34.7% of ASLV's money is in holdings QQQ also owns. 30.3% of QQQ's money is in holdings ASLV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 42 positions we hold weights for in ASLV and 102 in QQQ, against full books of 46 and 321.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for ASLV (67.5% of the fund), and 25 for ASLV that do not appear in QQQ (54.6%).
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 ASLV | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.70% | 4.41% | 3.29% |
| AAPLApple, Inc | 3.97% | 7.80% | 3.83% |
| MSFTMicrosoft Corp | 5.23% | 5.88% | 0.65% |
| GOOGAlphabet Inc. C | 2.94% | 2.93% | 0.01% |
| AVGOBroadcom Inc | 1.82% | 2.74% | 0.92% |
| WMTWalmart, Inc. | 1.22% | 2.31% | 1.09% |
| INTCIntel Corporation | 1.07% | 2.28% | 1.21% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.25% | 0.58% | 1.67% |
| CDNSCadence Design Systems Inc. | 2.36% | 0.35% | 2.01% |
| MDLZMondelez International Inc Com A Npv | 2.00% | 0.35% | 1.65% |
34.7% of ASLV is already inside QQQ.
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, ASLV or QQQ?
ASLV has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ASLV or QQQ?
Over the past year ASLV returned +10.25% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ASLV annualized +14.65% vs +35.37% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASLV or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 10.6% for ASLV. Worst drawdown: ASLV -11.0% vs QQQ -13.6%.
Should I hold both ASLV and QQQ?
ASLV and QQQ have a monthly-return correlation of 0.37, 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 ASLV and QQQ?
34.7% of ASLV's money is in holdings QQQ also owns. 30.3% of QQQ's is in holdings ASLV also owns. They hold 13 positions in common, counted across the 42 positions we hold weights for in ASLV and 102 in QQQ.
Which pays a higher dividend, ASLV or QQQ?
ASLV yields 0.79% while QQQ yields 0.42%, so ASLV currently pays the higher dividend yield.
Is QQQ better than ASLV?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. ASLV is less concentrated, with 40.0% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.