BMVP vs QQQ
Invesco Bloomberg MVP Multi-factor ETF vs Invesco QQQ Trust, Series 1
Which is better, BMVP or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. BMVP led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 47.6%.
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 | BMVP | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $104M | $437.3B |
| Dividend Yield | 1.74% | 0.43% |
| Holdings | 101 | 208 |
| YTD Return | +13.50%Best | +12.98% |
| 1Y Return | +14.62%Best | +11.59% |
| 3Y Return (annualized) | +16.32% | +23.05%Best |
| 5Y Return (annualized) | +7.27% | +12.74%Best |
| Volatility (annualized) | 15.6%Best | 18.2% |
| Max Drawdown | -53.4%Best | -53.5% |
| $10,000 over 5 years | $14,203 | $18,213Best |
| Top 10 Weight | 47.6% | 46.9%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | May 1, 2003 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 14, 2003 to Nov 11, 2026 (23 years).
BMVP 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 23 years both funds cover.
BMVP vs QQQ Performance
Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BMVP returned +14.62% while QQQ returned +11.59%. Year to date, BMVP is up 13.50% versus a gain of 12.98% for QQQ.
Over three years, BMVP compounded at +16.32% per year against +23.05% for QQQ; over five years the annualized figures are +7.27% and +12.74% respectively. Across the full 23-year window we track, QQQ has the edge at +14.01% annualized vs +7.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.6% for BMVP. 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 -53.4% for BMVP and -53.5% 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BMVP charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, BMVP currently yields 1.74% against 0.43% for QQQ.
Holdings Overlap
We hold position weights for 31 holdings in BMVP and 101 in QQQ, totalling 100.1% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 31 positions we hold weights for in BMVP and 101 in QQQ, against full books of 101 and 208.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for BMVP (97.2% of the fund), and 20 for BMVP that do not appear in QQQ (66.3%).
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.
You are not choosing between two funds in isolation.
Whichever of BMVP 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, BMVP or QQQ?
BMVP has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, BMVP or QQQ?
Over the past year BMVP returned +14.62% vs +11.59% for QQQ, so BMVP leads on 1-year performance. Over the longest common window we track (23 years), BMVP annualized +7.63% vs +14.01% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BMVP or QQQ?
QQQ has been the more volatile fund at 18.2% annualized versus 15.6% for BMVP. Worst drawdown: BMVP -53.4% vs QQQ -53.5%.
Should I hold both BMVP and QQQ?
BMVP and QQQ have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BMVP or QQQ?
BMVP yields 1.74% while QQQ yields 0.43%, so BMVP currently pays the higher dividend yield.
Is QQQ better than BMVP?
QQQ has a lower expense ratio. BMVP led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 47.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.