CNAV vs QQQ
Mohr Company Nav ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CNAV delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CNAV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.18% | |
| AUM | $48M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 33 | 108 | |
| YTD Return | +29.80% | +19.68% | |
| 1Y Return | +41.02% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 33.1% | 30.6% | |
| Max Drawdown | -30.1% | -83.0% | |
| Fund Family | Mohr Funds | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 1, 2024 | Mar 10, 1999 |
CNAV vs QQQ Performance
Mohr Company Nav ETF (CNAV) is a ETF from Mohr Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CNAV returned +41.02% while QQQ returned +26.75%. Year to date, CNAV is up 29.80% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
CNAV has been the more volatile fund, with annualized monthly volatility of 33.1% compared with 30.6% for QQQ. 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 -30.1% for CNAV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNAV charges 1.31% per year while QQQ charges 0.18%. On a $10,000 position that is $131 vs $18 annually, a gap of $113 per year that compounds over a long holding period. On income, CNAV currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
CNAV and QQQ share 12 holdings out of 121 unique holdings combined, representing a 17.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CNAV or QQQ?
CNAV has an expense ratio of 1.31% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, CNAV or QQQ?
Over the past year CNAV returned +41.02% vs +26.75% for QQQ, so CNAV leads on 1-year performance. Over the longest common window we track (2 years), CNAV annualized +30.02% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CNAV or QQQ?
CNAV has been the more volatile fund at 33.1% annualized versus 30.6% for QQQ. Worst drawdown: CNAV -30.1% vs QQQ -83.0%.
Should I hold both CNAV and QQQ?
CNAV and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNAV and QQQ?
CNAV and QQQ share 12 common holdings with a 17.7% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, CNAV or QQQ?
CNAV yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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