ATFV vs QQQ
Alger 35 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 | ATFV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.18% | |
| AUM | $248M | $496.3B | |
| Dividend Yield | 0.19% | 0.44% | |
| Holdings | 34 | 108 | |
| YTD Return | +11.87% | +16.23% | |
| 1Y Return | +25.48% | +26.23% | |
| 3Y Return (annualized) | +38.77% | +25.75% | |
| 5Y Return (annualized) | +13.34% | +14.78% | |
| Volatility (annualized) | 24.1% | 30.6% | |
| Max Drawdown | -45.3% | -83.0% | |
| Fund Family | Alger | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2021 | Mar 10, 1999 |
ATFV vs QQQ Performance
Alger 35 ETF (ATFV) is a ETF from Alger and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ATFV returned +25.48% while QQQ returned +26.23%. Year to date, ATFV is up 11.87% versus a gain of 16.23% for QQQ.
Over three years, ATFV compounded at +38.77% per year against +25.75% for QQQ; over five years the annualized figures are +13.34% and +14.78% respectively. Across the full 5-year window we track, ATFV has the edge at +14.12% annualized vs +13.02%. 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 24.1% for ATFV. 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 -45.3% for ATFV 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
ATFV charges 0.56% per year while QQQ charges 0.18%. On a $10,000 position that is $56 vs $18 annually, a gap of $38 per year that compounds over a long holding period. On income, ATFV currently yields 0.19% against 0.44% for QQQ.
Holdings Overlap
ATFV and QQQ share 13 holdings out of 121 unique holdings combined, representing a 29.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ATFV or QQQ?
ATFV has an expense ratio of 0.56% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, ATFV or QQQ?
Over the past year ATFV returned +25.48% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), ATFV annualized +14.12% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, ATFV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.1% for ATFV. Worst drawdown: ATFV -45.3% vs QQQ -83.0%.
Should I hold both ATFV and QQQ?
ATFV 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 ATFV and QQQ?
ATFV and QQQ share 13 common holdings with a 29.2% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, ATFV or QQQ?
ATFV yields 0.19% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.