BMVP vs QQQ
Invesco Bloomberg MVP Multi-factor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BMVP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $106M | $496.3B | |
| Dividend Yield | 1.71% | 0.44% | |
| Holdings | 58 | 108 | |
| YTD Return | +12.75% | +19.52% | |
| 1Y Return | +15.07% | +26.68% | |
| 3Y Return (annualized) | +14.08% | +26.64% | |
| 5Y Return (annualized) | +7.46% | +15.36% | |
| Volatility (annualized) | 15.6% | 30.6% | |
| Max Drawdown | -53.4% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2003 | Mar 10, 1999 |
BMVP vs QQQ Performance
Invesco Bloomberg MVP Multi-factor ETF (BMVP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BMVP returned +15.07% while QQQ returned +26.68%. Year to date, BMVP is up 12.75% versus a gain of 19.52% for QQQ.
Over three years, BMVP compounded at +14.08% per year against +26.64% for QQQ; over five years the annualized figures are +7.46% and +15.36% respectively. Across the full 23-year window we track, QQQ has the edge at +13.14% annualized vs +7.68%. 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 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 -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 0.80. 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 1.71% against 0.44% for QQQ.
Holdings Overlap
BMVP and QQQ share 7 holdings out of 151 unique holdings combined, representing a 8.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $11 per year of difference.
Which performed better, BMVP or QQQ?
Over the past year BMVP returned +15.07% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), BMVP annualized +7.68% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, BMVP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.6% for BMVP. Worst drawdown: BMVP -53.4% vs QQQ -83.0%.
Should I hold both BMVP and QQQ?
BMVP and QQQ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMVP and QQQ?
BMVP and QQQ share 7 common holdings with a 8.6% weight overlap. Combined, they hold 151 unique securities.
Which pays a higher dividend, BMVP or QQQ?
BMVP yields 1.71% while QQQ yields 0.44%, so BMVP currently pays the higher dividend yield.
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