CVY vs QQQ
Invesco Zacks Multi-Asset Income ETF vs Invesco QQQ Trust, Series 1
Which is better, CVY or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 11.8% 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 | CVY | QQQ |
|---|---|---|
| Expense Ratio | 1.21% | 0.18%Best |
| AUM | $125M | $483.5B |
| Dividend Yield | 4.08% | 0.44% |
| Holdings | 151 | 107 |
| YTD Return | +15.49% | +16.87%Best |
| 1Y Return | +16.41% | +22.98%Best |
| 3Y Return (annualized) | +14.86% | +24.98%Best |
| 5Y Return (annualized) | +9.13% | +14.39%Best |
| Volatility (annualized) | 18.5%Best | 18.6% |
| Max Drawdown | -70.5% | -53.5%Best |
| $10,000 over 5 years | $15,478 | $19,586Best |
| Top 10 Weight | 11.8%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Sep 21, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2006 to Sep 11, 2026 (20 years).
CVY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CVY vs QQQ Performance
Invesco Zacks Multi-Asset Income ETF (CVY) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CVY returned +16.41% while QQQ returned +22.98%. Year to date, CVY is up 15.49% versus a gain of 16.87% for QQQ.
Over three years, CVY compounded at +14.86% per year against +24.98% for QQQ; over five years the annualized figures are +9.13% and +14.39% respectively. Across the full 20-year window we track, QQQ has the edge at +15.69% annualized vs +2.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 18.5% for CVY. 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 -70.5% for CVY and -53.5% 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
CVY charges 1.21% per year while QQQ charges 0.18%. On a $10,000 position that is $121 vs $18 annually, a gap of $103 per year that compounds over a long holding period. On income, CVY currently yields 4.08% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 150 holdings in CVY and 102 in QQQ, totalling 100.0% 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 150 positions we hold weights for in CVY and 102 in QQQ, against full books of 151 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for CVY (97.0% of the fund), and 134 for CVY that do not appear in QQQ (88.7%).
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.
You are not choosing between two funds in isolation.
Whichever of CVY 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, CVY or QQQ?
CVY has an expense ratio of 1.21% while QQQ charges 0.18%. QQQ is the cheaper option, by $103 a year on a $10,000 investment.
Which performed better, CVY or QQQ?
Over the past year CVY returned +16.41% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), CVY annualized +2.12% vs +15.69% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVY or QQQ?
QQQ has been the more volatile fund at 18.6% annualized versus 18.5% for CVY. Worst drawdown: CVY -70.5% vs QQQ -53.5%.
Should I hold both CVY and QQQ?
CVY 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.
Which pays a higher dividend, CVY or QQQ?
CVY yields 4.08% while QQQ yields 0.44%, so CVY currently pays the higher dividend yield.
Is QQQ better than CVY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 11.8% 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.