CVLC vs QQQ
Calvert US Large-Cap Core Responsible Index ETF vs Invesco QQQ Trust, Series 1
Which is better, CVLC or QQQ?
Large Cap Blend against Large Cap Growth.
CVLC has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CVLC is less concentrated, with 36.9% 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 | CVLC | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $969M | $483.5B |
| Dividend Yield | 0.90% | 0.44% |
| Holdings | 759 | 107 |
| YTD Return | +12.39% | +17.21%Best |
| 1Y Return | +17.84% | +22.10%Best |
| 3Y Return (annualized) | +20.98% | +25.27%Best |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 13.3%Best | 17.3% |
| Max Drawdown | -19.9%Best | -22.8% |
| $10,000 over 3.6 years | $18,984 | $24,163Best |
| Top 10 Weight | 36.9%Best | 46.5% |
| Fund Family | Calvert | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 30, 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 1, 2023 to Sep 17, 2026 (3.6 years).
CVLC 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.
CVLC vs QQQ Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CVLC returned +17.84% while QQQ returned +22.10%. Year to date, CVLC is up 12.39% versus a gain of 17.21% for QQQ.
Over three years, CVLC compounded at +20.98% per year against +25.27% for QQQ. Across the full 4-year window we track, QQQ has the edge at +27.77% annualized vs +19.49%.
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 13.3% for CVLC. 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 -19.9% for CVLC 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVLC charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, CVLC currently yields 0.90% against 0.44% for QQQ.
Holdings Overlap
49.1% of CVLC's money is in holdings QQQ also owns. 82.2% of QQQ's money is in holdings CVLC also owns.
Most of QQQ is already inside CVLC. Owning both mostly buys the same companies twice.
78 positions in common, counted across the 753 positions we hold weights for in CVLC and 102 in QQQ, against full books of 759 and 107.
What only one of them owns
Our book lists 18 positions for QQQ that do not appear in our book for CVLC (15.4% of the fund), and 655 for CVLC that do not appear in QQQ (49.8%).
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 CVLC | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.48% | 8.44% | 0.96% |
| AAPLApple, Inc | 6.85% | 7.27% | 0.42% |
| MSFTMicrosoft Corp | 5.27% | 5.76% | 0.49% |
| GOOGLAlphabet Inc,class A | 5.25% | 3.36% | 1.89% |
| AMZNAmazon.Com Inc | 3.66% | 4.67% | 1.01% |
| MUMicron Technology, Inc. | 1.66% | 4.43% | 2.77% |
| AVGOBroadcom Inc | 2.52% | 3.16% | 0.64% |
| AMDAdvanced Micro Devices Inc | 1.18% | 3.45% | 2.27% |
| WMTWalmart, Inc. | 0.72% | 2.41% | 1.69% |
| INTCIntel Corporation | 0.63% | 2.23% | 1.60% |
82.2% of QQQ is already inside CVLC.
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, CVLC or QQQ?
CVLC has an expense ratio of 0.15% while QQQ charges 0.18%. CVLC is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, CVLC or QQQ?
Over the past year CVLC returned +17.84% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.49% vs +27.77% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 13.3% for CVLC. Worst drawdown: CVLC -19.9% vs QQQ -22.8%.
Should I hold both CVLC and QQQ?
CVLC and QQQ have a monthly-return correlation of 0.89, 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 CVLC and QQQ?
82.2% of QQQ's money is in holdings CVLC also owns. 82.2% of QQQ's is in holdings CVLC also owns. They hold 78 positions in common, counted across the 753 positions we hold weights for in CVLC and 102 in QQQ.
Which pays a higher dividend, CVLC or QQQ?
CVLC yields 0.90% while QQQ yields 0.44%, so CVLC currently pays the higher dividend yield.
Is QQQ better than CVLC?
CVLC has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CVLC is less concentrated, with 36.9% 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.