AVMV vs QQQ
Avantis US Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, AVMV or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. AVMV is less concentrated, with 12.2% 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 | AVMV | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $776M | $483.5B |
| Dividend Yield | 1.04% | 0.44% |
| Holdings | 288 | 107 |
| YTD Return | +9.24% | +15.21%Best |
| 1Y Return | +15.27% | +19.78%Best |
| 3Y Return (annualized) | - | +24.58% |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 15.2%Best | 16.9% |
| Max Drawdown | -24.2% | -22.8%Best |
| $10,000 over 2.9 years | $16,923 | $19,560Best |
| Top 10 Weight | 12.2%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 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Sep 16, 2026 (2.9 years).
AVMV 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 2.9 years both funds cover.
AVMV vs QQQ Performance
Avantis US Mid Cap Value ETF (AVMV) is an ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AVMV returned +15.27% while QQQ returned +19.78%. Year to date, AVMV is up 9.24% versus a gain of 15.21% 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 16.9% compared with 15.2% for AVMV. 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 -24.2% for AVMV 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 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVMV charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, AVMV currently yields 1.04% against 0.44% for QQQ.
Holdings Overlap
6.8% of AVMV's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings AVMV also owns.
AVMV and QQQ share little of their money.
9 positions in common, counted across the 298 positions we hold weights for in AVMV and 102 in QQQ, against full books of 288 and 107.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for AVMV (95.9% of the fund), and 269 for AVMV that do not appear in QQQ (91.0%).
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 AVMV | Weight in QQQ | Difference |
|---|---|---|---|
| FASTFastenal Co. | 1.13% | 0.25% | 0.88% |
| ODFLOld Dominion Freig | 1.03% | 0.20% | 0.83% |
| IDXXIdexx Labs | 0.97% | 0.20% | 0.77% |
| PYPLPaypay Holdings, Inc. | 0.85% | 0.22% | 0.63% |
| DXCMDexcom Inc. | 0.89% | 0.14% | 0.75% |
| FANGDiamondback Energy, Inc. | 0.71% | 0.23% | 0.48% |
| CRWVCoreweave, Inc. | 0.61% | 0.18% | 0.43% |
| CPRTCopart Inc | 0.46% | 0.12% | 0.34% |
| KHCKraft Heinz Co. | 0.17% | 0.13% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of AVMV 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, AVMV or QQQ?
AVMV has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, AVMV or QQQ?
Over the past year AVMV returned +15.27% vs +19.78% 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, AVMV or QQQ?
QQQ has been the more volatile fund at 16.9% annualized versus 15.2% for AVMV. Worst drawdown: AVMV -24.2% vs QQQ -22.8%.
Should I hold both AVMV and QQQ?
AVMV and QQQ have a monthly-return correlation of 0.48, 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 AVMV and QQQ?
6.8% of AVMV's money is in holdings QQQ also owns. 1.7% of QQQ's is in holdings AVMV also owns. They hold 9 positions in common, counted across the 298 positions we hold weights for in AVMV and 102 in QQQ.
Which pays a higher dividend, AVMV or QQQ?
AVMV yields 1.04% while QQQ yields 0.44%, so AVMV currently pays the higher dividend yield.
Is QQQ better than AVMV?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. AVMV is less concentrated, with 12.2% 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.