CTEX vs QQQ
Proshares S&P Kensho Cleantech ETF vs Invesco QQQ Trust, Series 1
Which is better, CTEX or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. CTEX is less concentrated, with 43.5% 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 | CTEX | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $5M | $486.1B |
| Dividend Yield | 2.19% | 0.44% |
| Holdings | 30 | 107 |
| YTD Return | -13.68% | +17.54%Best |
| 1Y Return | +22.99% | +25.59%Best |
| 3Y Return (annualized) | +5.03% | +24.63%Best |
| 5Y Return (annualized) | -3.99% | +14.18%Best |
| Volatility (annualized) | 41.9% | 20.9%Best |
| Max Drawdown | -70.3% | -35.1%Best |
| $10,000 over 5 years | $8,158 | $19,407Best |
| Top 10 Weight | 43.5%Best | 46.5% |
| Fund Family | ProShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 29, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Sep 4, 2026 (4.9 years).
CTEX 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 4.9 years both funds cover.
CTEX vs QQQ Performance
Proshares S&P Kensho Cleantech ETF (CTEX) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CTEX returned +22.99% while QQQ returned +25.59%. Year to date, CTEX is down 13.68% versus a gain of 17.54% for QQQ.
Over three years, CTEX compounded at +5.03% per year against +24.63% for QQQ; over five years the annualized figures are -3.99% and +14.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CTEX has been the more volatile fund, with annualized monthly volatility of 41.9% compared with 20.9% 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 -70.3% for CTEX and -35.1% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CTEX charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, CTEX currently yields 2.19% against 0.44% for QQQ.
Holdings Overlap
2.5% of CTEX's money is in holdings QQQ also owns. 2.6% of QQQ's money is in holdings CTEX also owns.
QQQ and CTEX share little of their money.
1 positions in common, counted across the 30 positions we hold weights for in CTEX and 102 in QQQ, against full books of 30 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for CTEX (95.0% of the fund), and 24 for CTEX that do not appear in QQQ (81.0%).
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 CTEX | Weight in QQQ | Difference |
|---|---|---|---|
| TSLATesla Motors Inc | 2.54% | 2.56% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of CTEX 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, CTEX or QQQ?
CTEX has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, CTEX or QQQ?
Over the past year CTEX returned +22.99% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CTEX or QQQ?
CTEX has been the more volatile fund at 41.9% annualized versus 20.9% for QQQ. Worst drawdown: CTEX -70.3% vs QQQ -35.1%.
Should I hold both CTEX and QQQ?
CTEX and QQQ have a monthly-return correlation of 0.69, 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 CTEX and QQQ?
2.6% of QQQ's money is in holdings CTEX also owns. 2.6% of QQQ's is in holdings CTEX also owns. They hold 1 positions in common, counted across the 30 positions we hold weights for in CTEX and 102 in QQQ.
Which pays a higher dividend, CTEX or QQQ?
CTEX yields 2.19% while QQQ yields 0.44%, so CTEX currently pays the higher dividend yield.
Is QQQ better than CTEX?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. CTEX is less concentrated, with 43.5% 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.