AVMC vs QQQ
Avantis US Mid Cap Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, AVMC or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ led over 1Y and the full window. AVMC is less concentrated, with 6.1% 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 | AVMC | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $492M | $483.5B |
| Dividend Yield | 0.95% | 0.44% |
| Holdings | 606 | 107 |
| YTD Return | +10.39% | +16.87%Best |
| 1Y Return | +12.88% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 14.1%Best | 16.8% |
| Max Drawdown | -21.8%Best | -22.8% |
| $10,000 over 2.8 years | $16,460 | $19,446Best |
| Top 10 Weight | 6.1%Best | 46.5% |
| Fund Family | Avantis Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Nov 7, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 9, 2023 to Sep 11, 2026 (2.8 years).
AVMC 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 2.8 years both funds cover.
AVMC vs QQQ Performance
Avantis US Mid Cap Equity ETF (AVMC) is an ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AVMC returned +12.88% while QQQ returned +22.98%. Year to date, AVMC is up 10.39% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.1% 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 -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 0.56. They move together some of the time, and apart the rest.
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
8.4% of AVMC's money is in holdings QQQ also owns. 5.3% of QQQ's money is in holdings AVMC also owns.
AVMC and QQQ share little of their money.
24 positions in common, counted across the 595 positions we hold weights for in AVMC and 102 in QQQ, against full books of 606 and 107.
What only one of them owns
Our book lists 71 positions for QQQ that do not appear in our book for AVMC (91.7% of the fund), and 538 for AVMC that do not appear in QQQ (87.1%).
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 AVMC | Weight in QQQ | Difference |
|---|---|---|---|
| WDCWestern Digital Corp. | 0.92% | 0.79% | 0.13% |
| TERTeradyne Inc | 0.57% | 0.27% | 0.30% |
| MPWRMonolithic Power Systems Inc | 0.38% | 0.29% | 0.09% |
| ODFLOld Dominion Freight Line Inc | 0.47% | 0.20% | 0.27% |
| FASTFastenal Co. | 0.40% | 0.25% | 0.15% |
| WBDWarner Bros. Discovery, Inc | 0.33% | 0.29% | 0.04% |
| EXCExelon Corp. | 0.40% | 0.21% | 0.19% |
| PYPLPaypal Holdings Inc | 0.37% | 0.22% | 0.15% |
| TTWOTake-Two Interactive Software, Inc. | 0.39% | 0.19% | 0.20% |
| XELXcel Energy Inc. | 0.36% | 0.21% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of AVMC 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, AVMC or QQQ?
AVMC has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, AVMC or QQQ?
Over the past year AVMC returned +12.88% vs +22.98% 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, AVMC or QQQ?
QQQ has been the more volatile fund at 16.8% annualized versus 14.1% for AVMC. Worst drawdown: AVMC -21.8% vs QQQ -22.8%.
Should I hold both AVMC and QQQ?
AVMC and QQQ have a monthly-return correlation of 0.56, 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 AVMC and QQQ?
8.4% of AVMC's money is in holdings QQQ also owns. 5.3% of QQQ's is in holdings AVMC also owns. They hold 24 positions in common, counted across the 595 positions we hold weights for in AVMC and 102 in QQQ.
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.
Is QQQ better than AVMC?
QQQ led over 1Y and the full window. AVMC is less concentrated, with 6.1% 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.