AVGE vs QQQ
Avantis All Equity Markets ETF vs Invesco QQQ Trust, Series 1
Which is better, AVGE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. AVGE led over 1Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 95.4%.
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 | AVGE | QQQ |
|---|---|---|
| Expense Ratio | 0.23% | 0.18%Best |
| AUM | $1.2B | $483.5B |
| Dividend Yield | 1.37% | 0.44% |
| Holdings | 16 | 107 |
| YTD Return | +15.93% | +15.94%Best |
| 1Y Return | +22.24%Best | +20.44% |
| 3Y Return (annualized) | +20.41% | +24.86%Best |
| 5Y Return (annualized) | - | +14.26% |
| Volatility (annualized) | 13.7%Best | 18.0% |
| Max Drawdown | -17.1%Best | -22.8% |
| $10,000 over 4 years | $21,514 | $26,953Best |
| Top 10 Weight | 95.4% | 46.5%Best |
| Fund Family | Avantis Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Sep 27, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 29, 2022 to Sep 14, 2026 (4 years).
AVGE 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 4 years both funds cover.
AVGE vs QQQ Performance
Avantis All Equity Markets ETF (AVGE) is an ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AVGE returned +22.24% while QQQ returned +20.44%. Year to date, AVGE is up 15.93% versus a gain of 15.94% for QQQ.
Over three years, AVGE compounded at +20.41% per year against +24.86% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.13% annualized vs +21.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 13.7% for AVGE. 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 -17.1% for AVGE 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVGE charges 0.23% per year while QQQ charges 0.18%. On a $10,000 position that is $23 vs $18 annually, a gap of $5 per year that compounds over a long holding period. On income, AVGE currently yields 1.37% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 15 holdings in AVGE and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 15 positions we hold weights for in AVGE and 102 in QQQ, against full books of 16 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for AVGE (97.5% of the fund), and 14 for AVGE that do not appear in QQQ (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of AVGE and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVGE or QQQ?
AVGE has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, AVGE or QQQ?
Over the past year AVGE returned +22.24% vs +20.44% for QQQ, so AVGE leads on 1-year performance. Over the longest common window we track (4 years), AVGE annualized +21.11% vs +28.13% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVGE or QQQ?
QQQ has been the more volatile fund at 18.0% annualized versus 13.7% for AVGE. Worst drawdown: AVGE -17.1% vs QQQ -22.8%.
Should I hold both AVGE and QQQ?
AVGE and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVGE or QQQ?
AVGE yields 1.37% while QQQ yields 0.44%, so AVGE currently pays the higher dividend yield.
Is QQQ better than AVGE?
QQQ has a lower expense ratio. AVGE led over 1Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 95.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.