CAML vs QQQ
Congress Large Cap Growth 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 | CAML | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $399M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 39 | 108 | |
| YTD Return | +5.72% | +16.64% | |
| 1Y Return | +8.68% | +27.27% | |
| 3Y Return (annualized) | +17.41% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 14.9% | 30.6% | |
| Max Drawdown | -21.1% | -83.0% | |
| Fund Family | Congress Asset Management Company | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 22, 2023 | Mar 10, 1999 |
CAML vs QQQ Performance
Congress Large Cap Growth ETF (CAML) is a ETF from Congress Asset Management Company and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CAML returned +8.68% while QQQ returned +27.27%. Year to date, CAML is up 5.72% versus a gain of 16.64% for QQQ.
Over three years, CAML compounded at +17.41% per year against +25.96% for QQQ. Across the full 3-year window we track, CAML has the edge at +17.41% annualized vs +13.03%. 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 14.9% for CAML. 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 -21.1% for CAML 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CAML charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, CAML currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
CAML and QQQ share 18 holdings out of 122 unique holdings combined, representing a 41.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CAML or QQQ?
CAML has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, CAML or QQQ?
Over the past year CAML returned +8.68% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), CAML annualized +17.41% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CAML or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.9% for CAML. Worst drawdown: CAML -21.1% vs QQQ -83.0%.
Should I hold both CAML and QQQ?
CAML and QQQ have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CAML and QQQ?
CAML and QQQ share 18 common holdings with a 41.7% weight overlap. Combined, they hold 122 unique securities.
Which pays a higher dividend, CAML or QQQ?
CAML yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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