CGCV vs QQQ
Capital Group Conservative Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, CGCV or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. CGCV is less concentrated, with 32.5% 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 | CGCV | QQQ |
|---|---|---|
| Expense Ratio | 0.33% | 0.18%Best |
| AUM | $2.0B | $483.5B |
| Dividend Yield | 1.45% | 0.44% |
| Holdings | 75 | 107 |
| YTD Return | +7.62% | +16.87%Best |
| 1Y Return | +11.07% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 9.8%Best | 17.6% |
| Max Drawdown | -13.1%Best | -22.8% |
| $10,000 over 2.2 years | $13,553 | $14,981Best |
| Top 10 Weight | 32.5%Best | 46.5% |
| Fund Family | Capital Group (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 25, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 27, 2024 to Sep 11, 2026 (2.2 years).
CGCV 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 2.2 years both funds cover.
CGCV vs QQQ Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CGCV returned +11.07% while QQQ returned +22.98%. Year to date, CGCV is up 7.62% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 9.8% for CGCV. 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 -13.1% for CGCV 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 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGCV charges 0.33% per year while QQQ charges 0.18%. On a $10,000 position that is $33 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, CGCV currently yields 1.45% against 0.44% for QQQ.
Holdings Overlap
35.2% of CGCV's money is in holdings QQQ also owns. 42.3% of QQQ's money is in holdings CGCV also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 73 positions we hold weights for in CGCV and 102 in QQQ, against full books of 75 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for CGCV (54.7% of the fund), and 49 for CGCV that do not appear in QQQ (59.8%).
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.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.89% | 5.76% | 0.13% |
| AAPLApple, Inc | 2.73% | 7.27% | 4.54% |
| NVDANvidia Corp. | 1.29% | 8.44% | 7.15% |
| AVGOBroadcom Inc | 4.48% | 3.16% | 1.32% |
| GOOGLAlphabet A Usd 0.001 | 2.26% | 3.36% | 1.10% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.97% | 2.10% | 0.87% |
| METAMeta Platforms, Inc. | 2.06% | 2.78% | 0.72% |
| AMATApplied Materials, Inc. | 1.61% | 1.86% | 0.25% |
| SBUXStarbucks Corp | 2.64% | 0.53% | 2.11% |
| LINLinde Plc Ordinary Shares | 1.48% | 1.00% | 0.48% |
42.3% of QQQ is already inside CGCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGCV or QQQ?
CGCV has an expense ratio of 0.33% while QQQ charges 0.18%. QQQ is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, CGCV or QQQ?
Over the past year CGCV returned +11.07% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.82% vs +20.17% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 9.8% for CGCV. Worst drawdown: CGCV -13.1% vs QQQ -22.8%.
Should I hold both CGCV and QQQ?
CGCV and QQQ have a monthly-return correlation of 0.54, 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 CGCV and QQQ?
42.3% of QQQ's money is in holdings CGCV also owns. 42.3% of QQQ's is in holdings CGCV also owns. They hold 20 positions in common, counted across the 73 positions we hold weights for in CGCV and 102 in QQQ.
Which pays a higher dividend, CGCV or QQQ?
CGCV yields 1.45% while QQQ yields 0.44%, so CGCV currently pays the higher dividend yield.
Is QQQ better than CGCV?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. CGCV is less concentrated, with 32.5% 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.