CVMC vs QQQ
Calvert US Mid-Cap Core Responsible Index ETF vs Invesco QQQ Trust, Series 1
Which is better, CVMC or QQQ?
Mid Cap Blend against Large Cap Growth.
CVMC has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CVMC is less concentrated, with 5.8% 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 | CVMC | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $106M | $483.5B |
| Dividend Yield | 1.17% | 0.44% |
| Holdings | 595 | 107 |
| YTD Return | +15.73%Best | +15.18% |
| 1Y Return | +18.89% | +19.65%Best |
| 3Y Return (annualized) | +16.46% | +24.60%Best |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 15.5%Best | 17.4% |
| Max Drawdown | -22.5%Best | -22.8% |
| $10,000 over 3.6 years | $15,009 | $23,777Best |
| Top 10 Weight | 5.8%Best | 46.5% |
| Fund Family | Calvert | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid 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 15, 2026 (3.6 years).
CVMC 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.
CVMC vs QQQ Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CVMC returned +18.89% while QQQ returned +19.65%. Year to date, CVMC is up 15.73% versus a gain of 15.18% for QQQ.
Over three years, CVMC compounded at +16.46% per year against +24.60% for QQQ. Across the full 4-year window we track, QQQ has the edge at +27.20% annualized vs +11.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.5% for CVMC. 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 -22.5% for CVMC 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CVMC 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, CVMC currently yields 1.17% against 0.44% for QQQ.
Holdings Overlap
8.3% of CVMC's money is in holdings QQQ also owns. 4.2% of QQQ's money is in holdings CVMC also owns.
CVMC and QQQ share little of their money.
22 positions in common, counted across the 589 positions we hold weights for in CVMC and 102 in QQQ, against full books of 595 and 107.
What only one of them owns
Our book lists 74 positions for QQQ that do not appear in our book for CVMC (93.3% of the fund), and 554 for CVMC that do not appear in QQQ (89.1%).
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 CVMC | Weight in QQQ | Difference |
|---|---|---|---|
| PCARPaccar Inc. | 0.55% | 0.31% | 0.24% |
| TERTeradyne Inc - Common | 0.46% | 0.27% | 0.19% |
| FASTFastenal Co. | 0.47% | 0.25% | 0.22% |
| ADSKAutodesk, Inc. | 0.46% | 0.22% | 0.24% |
| PYPLPaypay Holdings, Inc. | 0.45% | 0.22% | 0.23% |
| XELXcel Energy Inc. | 0.42% | 0.21% | 0.21% |
| EXCExelon | 0.41% | 0.21% | 0.20% |
| IDXXIdexx Labs | 0.39% | 0.20% | 0.19% |
| AXONAxon Enterprise Inc | 0.37% | 0.22% | 0.15% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.40% | 0.18% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of CVMC 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, CVMC or QQQ?
CVMC has an expense ratio of 0.15% while QQQ charges 0.18%. CVMC is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, CVMC or QQQ?
Over the past year CVMC returned +18.89% vs +19.65% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.94% vs +27.20% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 15.5% for CVMC. Worst drawdown: CVMC -22.5% vs QQQ -22.8%.
Should I hold both CVMC and QQQ?
CVMC and QQQ have a monthly-return correlation of 0.63, 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 CVMC and QQQ?
8.3% of CVMC's money is in holdings QQQ also owns. 4.2% of QQQ's is in holdings CVMC also owns. They hold 22 positions in common, counted across the 589 positions we hold weights for in CVMC and 102 in QQQ.
Which pays a higher dividend, CVMC or QQQ?
CVMC yields 1.17% while QQQ yields 0.44%, so CVMC currently pays the higher dividend yield.
Is QQQ better than CVMC?
CVMC has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CVMC is less concentrated, with 5.8% 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.