CAMX vs QQQ
Cambiar Aggressive Value ETF vs Invesco QQQ Trust, Series 1
Which is better, CAMX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CAMX is less concentrated, with 41.1% of the fund in its ten largest positions against 46.5%.
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 | CAMX | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $69M | $486.1B |
| Dividend Yield | 1.62% | 0.44% |
| Holdings | 33 | 107 |
| YTD Return | +12.38% | +17.54%Best |
| 1Y Return | +15.35% | +25.59%Best |
| 3Y Return (annualized) | +13.22% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 12.9%Best | 17.3% |
| Max Drawdown | -15.7%Best | -22.8% |
| $10,000 over 3.6 years | $15,174 | $24,354Best |
| Top 10 Weight | 41.1%Best | 46.5% |
| Fund Family | Cambiar Investors, LLC | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Feb 13, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 13, 2023 to Sep 4, 2026 (3.6 years).
CAMX 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 3.6 years both funds cover.
CAMX vs QQQ Performance
Cambiar Aggressive Value ETF (CAMX) is an ETF from Cambiar Investors, LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CAMX returned +15.35% while QQQ returned +25.59%. Year to date, CAMX is up 12.38% versus a gain of 17.54% for QQQ.
Over three years, CAMX compounded at +13.22% per year against +24.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.05% annualized vs +12.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.9% 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 -22.8% 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 0.48. They move together some of the time, and apart the rest.
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
10.8% of CAMX's money is in holdings QQQ also owns. 8.7% of QQQ's money is in holdings CAMX also owns.
CAMX and QQQ share little of their money.
4 positions in common, counted across the 32 positions we hold weights for in CAMX and 102 in QQQ, against full books of 33 and 107.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for CAMX (88.9% of the fund), and 23 for CAMX that do not appear in QQQ (70.1%).
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 CAMX 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, CAMX or QQQ?
CAMX has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, CAMX or QQQ?
Over the past year CAMX returned +15.35% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CAMX annualized +12.28% vs +28.05% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAMX or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 12.9% for CAMX. Worst drawdown: CAMX -15.7% vs QQQ -22.8%.
Should I hold both CAMX and QQQ?
CAMX and QQQ have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CAMX and QQQ?
10.8% of CAMX's money is in holdings QQQ also owns. 8.7% of QQQ's is in holdings CAMX also owns. They hold 4 positions in common, counted across the 32 positions we hold weights for in CAMX and 102 in QQQ.
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.
Is QQQ better than CAMX?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CAMX is less concentrated, with 41.1% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.