CNAV vs QQQ
Mohr Company Nav ETF vs Invesco QQQ Trust, Series 1
Which is better, CNAV or QQQ?
Tactical Allocation against Large Cap Growth.
QQQ has a lower expense ratio. CNAV led over 1Y and the full window. CNAV is less concentrated, with 41.3% 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 | CNAV | QQQ |
|---|---|---|
| Expense Ratio | 1.31% | 0.18%Best |
| AUM | $49M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 30 | 107 |
| YTD Return | +25.79%Best | +17.54% |
| 1Y Return | +35.42%Best | +25.59% |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 32.3% | 18.9%Best |
| Max Drawdown | -30.1% | -22.8%Best |
| $10,000 over 1.9 years | $15,717Best | $14,996 |
| Top 10 Weight | 41.3%Best | 46.5% |
| Fund Family | Mohr Funds | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Tactical Allocation | Large Cap Growth |
| Inception | Oct 1, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 1, 2024 to Sep 4, 2026 (1.9 years).
CNAV 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 1.9 years both funds cover.
CNAV vs QQQ Performance
Mohr Company Nav ETF (CNAV) is an ETF from Mohr Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CNAV returned +35.42% while QQQ returned +25.59%. Year to date, CNAV is up 25.79% versus a gain of 17.54% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNAV has been the more volatile fund, with annualized monthly volatility of 32.3% compared with 18.9% 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 -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 0.85. 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 0.44% for QQQ.
Holdings Overlap
40.5% of CNAV's money is in holdings QQQ also owns. 22.9% of QQQ's money is in holdings CNAV also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 32 positions we hold weights for in CNAV and 102 in QQQ, against full books of 30 and 107.
What only one of them owns
Our book lists 85 positions for QQQ that do not appear in our book for CNAV (74.6% of the fund), and 19 for CNAV that do not appear in QQQ (52.7%).
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 CNAV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.93% | 7.27% | 4.34% |
| MUMicron Technology, Inc. | 3.86% | 4.43% | 0.57% |
| AMDAdvanced Micro Devices Inc | 4.78% | 3.45% | 1.33% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 5.93% | 0.79% | 5.14% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.22% | 2.10% | 1.12% |
| SNDKSandisk Corp/De | 4.35% | 0.88% | 3.47% |
| PANWPalo Alto Networks, Inc | 3.42% | 1.30% | 2.12% |
| CRWDCrowdstrike Holdings Inc. Class A | 3.58% | 0.94% | 2.64% |
| MRVLMarvell Technology Group Ltd. | 2.77% | 0.81% | 1.96% |
| DDOGDatadog Inc | 3.15% | 0.41% | 2.74% |
40.5% of CNAV is already inside QQQ.
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, CNAV or QQQ?
CNAV has an expense ratio of 1.31% while QQQ charges 0.18%. QQQ is the cheaper option, by $113 a year on a $10,000 investment.
Which performed better, CNAV or QQQ?
Over the past year CNAV returned +35.42% vs +25.59% for QQQ, so CNAV leads on 1-year performance. Over the longest common window we track (2 years), CNAV annualized +26.87% vs +23.77% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNAV or QQQ?
CNAV has been the more volatile fund at 32.3% annualized versus 18.9% for QQQ. Worst drawdown: CNAV -30.1% vs QQQ -22.8%.
Should I hold both CNAV and QQQ?
CNAV and QQQ have a monthly-return correlation of 0.85, 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 CNAV and QQQ?
40.5% of CNAV's money is in holdings QQQ also owns. 22.9% of QQQ's is in holdings CNAV also owns. They hold 11 positions in common, counted across the 32 positions we hold weights for in CNAV and 102 in QQQ.
Which pays a higher dividend, CNAV or QQQ?
CNAV yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than CNAV?
QQQ has a lower expense ratio. CNAV led over 1Y and the full window. CNAV is less concentrated, with 41.3% 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.