ATFV vs QQQ
Alger 35 ETF vs Invesco QQQ Trust, Series 1
Which is better, ATFV or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. ATFV led over 3Y, QQQ over 1Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%.
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 | ATFV | QQQ |
|---|---|---|
| Expense Ratio | 0.56% | 0.18%Best |
| AUM | $443M | $483.5B |
| Dividend Yield | 0.18% | 0.44% |
| Holdings | 34 | 107 |
| YTD Return | +13.83% | +17.95%Best |
| 1Y Return | +13.58% | +21.77%Best |
| 3Y Return (annualized) | +39.08%Best | +25.63% |
| 5Y Return (annualized) | +13.32% | +15.24%Best |
| Volatility (annualized) | 24.0% | 20.6%Best |
| Max Drawdown | -45.3% | -35.1%Best |
| $10,000 over 5 years | $18,687 | $20,324Best |
| Top 10 Weight | 57.0% | 46.5%Best |
| Fund Family | Alger | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 4, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 4, 2021 to Sep 18, 2026 (5.4 years).
ATFV 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 5.4 years both funds cover.
ATFV vs QQQ Performance
Alger 35 ETF (ATFV) is an ETF from Alger and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ATFV returned +13.58% while QQQ returned +21.77%. Year to date, ATFV is up 13.83% versus a gain of 17.95% for QQQ.
Over three years, ATFV compounded at +39.08% per year against +25.63% for QQQ; over five years the annualized figures are +13.32% and +15.24% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ATFV has been the more volatile fund, with annualized monthly volatility of 24.0% compared with 20.6% for QQQ. 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 -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
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 0.18% against 0.44% for QQQ.
Holdings Overlap
60.2% of ATFV's money is in holdings QQQ also owns. 34.5% of QQQ's money is in holdings ATFV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 32 positions we hold weights for in ATFV and 102 in QQQ, against full books of 34 and 107.
What only one of them owns
Our book lists 82 positions for QQQ that do not appear in our book for ATFV (63.0% of the fund), and 15 for ATFV that do not appear in QQQ (33.4%).
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 ATFV | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.26% | 8.44% | 4.82% |
| MSFTMicrosoft Corp | 6.41% | 5.76% | 0.65% |
| AMZNAmazon.Com Inc | 6.37% | 4.67% | 1.70% |
| GOOGLAlphabet Inc,class A | 6.40% | 3.36% | 3.04% |
| YNDXYandex Nv Ord Eur.01 Cl A Nasdaq Stock Exchange | 6.79% | 0.21% | 6.58% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 5.49% | 0.79% | 4.70% |
| AVGOBroadcom Inc | 2.68% | 3.16% | 0.48% |
| METAMeta Platforms Inc | 2.22% | 2.78% | 0.56% |
| TSLATesla Inc | 1.91% | 2.56% | 0.65% |
| CRWDCrowdstrike Holdings Inc | 1.91% | 0.94% | 0.97% |
60.2% of ATFV 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, ATFV or QQQ?
ATFV has an expense ratio of 0.56% while QQQ charges 0.18%. QQQ is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, ATFV or QQQ?
Over the past year ATFV returned +13.58% vs +21.77% 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, ATFV or QQQ?
ATFV has been the more volatile fund at 24.0% annualized versus 20.6% for QQQ. Worst drawdown: ATFV -45.3% vs QQQ -35.1%.
Should I hold both ATFV and QQQ?
ATFV 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 ATFV and QQQ?
60.2% of ATFV's money is in holdings QQQ also owns. 34.5% of QQQ's is in holdings ATFV also owns. They hold 14 positions in common, counted across the 32 positions we hold weights for in ATFV and 102 in QQQ.
Which pays a higher dividend, ATFV or QQQ?
ATFV yields 0.18% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than ATFV?
QQQ has a lower expense ratio. ATFV led over 3Y, QQQ over 1Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.