AVLV vs QQQ
Avantis US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, AVLV or QQQ?
Large Cap Value against Large Cap Growth.
AVLV has a lower expense ratio. AVLV led over 1Y, QQQ over 3Y, 5Y and the full window. AVLV is less concentrated, with 25.6% of the fund in its ten largest positions against 46.5%.
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 | AVLV | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $21.5B | $483.5B |
| Dividend Yield | 1.04% | 0.44% |
| Holdings | 274 | 107 |
| YTD Return | +20.45% | +21.71%Best |
| 1Y Return | +29.47%Best | +25.89% |
| 3Y Return (annualized) | +22.52% | +28.80%Best |
| 5Y Return (annualized) | +14.12% | +15.67%Best |
| Volatility (annualized) | 16.6%Best | 20.9% |
| Max Drawdown | -19.5%Best | -35.1% |
| $10,000 over 5 years | $19,356 | $20,706Best |
| Top 10 Weight | 25.6%Best | 46.5% |
| Fund Family | Avantis Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 21, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 23, 2021 to Sep 25, 2026 (5 years).
AVLV 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 years both funds cover.
AVLV vs QQQ Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AVLV returned +29.47% while QQQ returned +25.89%. Year to date, AVLV is up 20.45% versus a gain of 21.71% for QQQ.
Over three years, AVLV compounded at +22.52% per year against +28.80% for QQQ; over five years the annualized figures are +14.12% and +15.67% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 16.6% for AVLV. 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 -19.5% for AVLV 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVLV charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, AVLV currently yields 1.04% against 0.44% for QQQ.
Holdings Overlap
25.6% of AVLV's money is in holdings QQQ also owns. 38.9% of QQQ's money is in holdings AVLV also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 299 positions we hold weights for in AVLV and 102 in QQQ, against full books of 274 and 107.
What only one of them owns
Our book lists 70 positions for QQQ that do not appear in our book for AVLV (58.7% of the fund), and 250 for AVLV that do not appear in QQQ (73.3%).
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 AVLV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.63% | 7.27% | 4.64% |
| MSFTMicrosoft Corp | 3.28% | 5.76% | 2.48% |
| AMZNAmazon.Com Inc | 2.87% | 4.67% | 1.80% |
| MUMicron Technology, Inc. | 2.96% | 4.43% | 1.47% |
| METAMeta Platforms Inc | 2.81% | 2.78% | 0.03% |
| COSTCostco Wholesale Corp. | 2.24% | 1.84% | 0.40% |
| NFLXNetflix, Inc. | 0.82% | 1.37% | 0.55% |
| AMATApplied Materials, Inc. | 0.00% | 1.86% | 1.86% |
| LRCXLam Research Corp 3.125 06/15/2060 | 0.00% | 1.69% | 1.69% |
| QCOMQualcomm Inc. | 0.87% | 0.73% | 0.14% |
38.9% of QQQ is already inside AVLV.
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, AVLV or QQQ?
AVLV has an expense ratio of 0.15% while QQQ charges 0.18%. AVLV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, AVLV or QQQ?
Over the past year AVLV returned +29.47% vs +25.89% for QQQ, so AVLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLV or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 16.6% for AVLV. Worst drawdown: AVLV -19.5% vs QQQ -35.1%.
Should I hold both AVLV and QQQ?
AVLV 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.
What is the holdings overlap between AVLV and QQQ?
38.9% of QQQ's money is in holdings AVLV also owns. 38.9% of QQQ's is in holdings AVLV also owns. They hold 26 positions in common, counted across the 299 positions we hold weights for in AVLV and 102 in QQQ.
Which pays a higher dividend, AVLV or QQQ?
AVLV yields 1.04% while QQQ yields 0.44%, so AVLV currently pays the higher dividend yield.
Is QQQ better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y, QQQ over 3Y, 5Y and the full window. AVLV is less concentrated, with 25.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.