CAMX vs QQQ
Cambiar Aggressive Value 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 | CAMX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $70M | $496.3B | |
| Dividend Yield | 1.62% | 0.44% | |
| Holdings | 35 | 108 | |
| YTD Return | +14.37% | +19.52% | |
| 1Y Return | +17.64% | +26.68% | |
| 3Y Return (annualized) | +14.20% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 13.1% | 30.6% | |
| Max Drawdown | -15.7% | -83.0% | |
| Fund Family | Cambiar Investors, LLC | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Mar 10, 1999 |
CAMX vs QQQ Performance
Cambiar Aggressive Value ETF (CAMX) is a ETF from Cambiar Investors, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CAMX returned +17.64% while QQQ returned +26.68%. Year to date, CAMX is up 14.37% versus a gain of 19.52% for QQQ.
Over three years, CAMX compounded at +14.20% per year against +26.64% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.14% annualized vs +13.06%. 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 13.1% for CAMX. 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 -15.7% for CAMX 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CAMX charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, CAMX currently yields 1.62% against 0.44% for QQQ.
Holdings Overlap
CAMX and QQQ share 4 holdings out of 130 unique holdings combined, representing a 7.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CAMX or QQQ?
CAMX has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, CAMX or QQQ?
Over the past year CAMX returned +17.64% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CAMX annualized +13.06% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, CAMX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.1% for CAMX. Worst drawdown: CAMX -15.7% vs QQQ -83.0%.
Should I hold both CAMX and QQQ?
CAMX and QQQ have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CAMX and QQQ?
CAMX and QQQ share 4 common holdings with a 7.3% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, CAMX or QQQ?
CAMX yields 1.62% while QQQ yields 0.44%, so CAMX currently pays the higher dividend yield.
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