AVSF vs QQQ
Avantis Short-Term Fixed Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
AVSF has a lower expense ratio. QQQ delivered stronger 1-year returns. AVSF offers more diversification with 501 holdings.
Side-by-Side Comparison
| Metric | AVSF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $652M | $496.3B | |
| Dividend Yield | 4.37% | 0.44% | |
| Holdings | 501 | 108 | |
| YTD Return | +1.02% | +19.52% | |
| 1Y Return | +4.33% | +26.68% | |
| 3Y Return (annualized) | +2.84% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 2.9% | 30.6% | |
| Max Drawdown | -8.8% | -83.0% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 14, 2020 | Mar 10, 1999 |
AVSF vs QQQ Performance
Avantis Short-Term Fixed Income ETF (AVSF) is a ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AVSF returned +4.33% while QQQ returned +26.68%. Year to date, AVSF is up 1.02% versus a gain of 19.52% for QQQ.
Over three years, AVSF compounded at +2.84% per year against +26.64% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.14% annualized vs +0.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.9% for AVSF. 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 -8.8% for AVSF 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSF 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, AVSF currently yields 4.37% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AVSF or QQQ?
AVSF has an expense ratio of 0.15% while QQQ charges 0.18%. AVSF is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, AVSF or QQQ?
Over the past year AVSF returned +4.33% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), AVSF annualized +0.78% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, AVSF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.9% for AVSF. Worst drawdown: AVSF -8.8% vs QQQ -83.0%.
Should I hold both AVSF and QQQ?
AVSF and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSF and QQQ?
AVSF and QQQ share 2 common holdings with a 0.2% weight overlap. Combined, they hold 566 unique securities.
Which pays a higher dividend, AVSF or QQQ?
AVSF yields 4.37% while QQQ yields 0.44%, so AVSF currently pays the higher dividend yield.
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