CVSB vs QQQ
Calvert Ultra-Short Investment Grade ETF vs Invesco QQQ Trust, Series 1
Which is better, CVSB or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
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 | CVSB | QQQ |
|---|---|---|
| Expense Ratio | 0.24% | 0.18%Best |
| AUM | $272M | $483.5B |
| Dividend Yield | 4.22% | 0.44% |
| Holdings | 278 | 107 |
| YTD Return | +2.44% | +15.94%Best |
| 1Y Return | +3.89% | +20.44%Best |
| 3Y Return (annualized) | +5.30% | +24.86%Best |
| 5Y Return (annualized) | - | +14.26% |
| Volatility (annualized) | 0.6%Best | 17.3% |
| Max Drawdown | -0.6%Best | -22.8% |
| $10,000 over 3.6 years | $12,023 | $23,952Best |
| Fund Family | Calvert | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Growth |
| Inception | Jan 30, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
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 14, 2026 (3.6 years).
CVSB 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.
CVSB vs QQQ Performance
Calvert Ultra-Short Investment Grade ETF (CVSB) is an ETF from Calvert and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CVSB returned +3.89% while QQQ returned +20.44%. Year to date, CVSB is up 2.44% versus a gain of 15.94% for QQQ.
Over three years, CVSB compounded at +5.30% per year against +24.86% for QQQ. Across the full 4-year window we track, QQQ has the edge at +27.46% annualized vs +5.25%.
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 0.6% for CVSB. 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 -0.6% for CVSB 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 0.27. They move largely independently of each other.
Fees and Cost Over Time
CVSB charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, CVSB currently yields 4.22% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 129 holdings in CVSB and 102 in QQQ, totalling 68.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 129 positions we hold weights for in CVSB and 102 in QQQ, against full books of 278 and 107.
You are not choosing between two funds in isolation.
Whichever of CVSB 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, CVSB or QQQ?
CVSB has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, CVSB or QQQ?
Over the past year CVSB returned +3.89% vs +20.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CVSB annualized +5.25% vs +27.46% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVSB or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 0.6% for CVSB. Worst drawdown: CVSB -0.6% vs QQQ -22.8%.
Should I hold both CVSB and QQQ?
CVSB and QQQ have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CVSB or QQQ?
CVSB yields 4.22% while QQQ yields 0.44%, so CVSB currently pays the higher dividend yield.
Is QQQ better than CVSB?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.