AVMC vs QQQ
Avantis US Mid Cap Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. AVMC offers more diversification with 606 holdings.
Side-by-Side Comparison
| Metric | AVMC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $501M | $496.3B | |
| Dividend Yield | 0.95% | 0.44% | |
| Holdings | 606 | 108 | |
| YTD Return | +14.07% | +16.64% | |
| 1Y Return | +20.78% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 14.2% | 30.6% | |
| Max Drawdown | -21.8% | -83.0% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | Mar 10, 1999 |
AVMC vs QQQ Performance
Avantis US Mid Cap Equity ETF (AVMC) is a ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AVMC returned +20.78% while QQQ returned +27.27%. Year to date, AVMC is up 14.07% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.2% for AVMC. 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 -21.8% for AVMC 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVMC charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, AVMC currently yields 0.95% against 0.44% for QQQ.
Holdings Overlap
AVMC and QQQ share 24 holdings out of 671 unique holdings combined, representing a 5.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVMC or QQQ?
AVMC has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, AVMC or QQQ?
Over the past year AVMC returned +20.78% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AVMC annualized +21.34% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AVMC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.2% for AVMC. Worst drawdown: AVMC -21.8% vs QQQ -83.0%.
Should I hold both AVMC and QQQ?
AVMC and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMC and QQQ?
AVMC and QQQ share 24 common holdings with a 5.3% weight overlap. Combined, they hold 671 unique securities.
Which pays a higher dividend, AVMC or QQQ?
AVMC yields 0.95% while QQQ yields 0.44%, so AVMC currently pays the higher dividend yield.
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