DEPW vs QQQ
Google DeepMind AI Lab Ecosystem ETF vs Invesco QQQ Trust, Series 1
Which is better, DEPW or QQQ?
QQQ costs less.
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 58.8%.
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 | DEPW | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $2M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 51 | 208 |
| YTD Return | -14.71% | +12.98%Best |
| 1Y Return | - | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Top 10 Weight | 58.8% | 46.9%Best |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 12, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
DEPW 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.
DEPW vs QQQ Performance
Google DeepMind AI Lab Ecosystem ETF (DEPW) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, DEPW is down 14.71% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
DEPW charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, DEPW currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
44.8% of DEPW's money is in holdings QQQ also owns. 10.1% of QQQ's money is in holdings DEPW also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 25 positions we hold weights for in DEPW and 101 in QQQ, against full books of 51 and 208.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for DEPW (87.1% of the fund), and 12 for DEPW that do not appear in QQQ (36.6%).
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 DEPW | Weight in QQQ | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc | 19.42% | 3.15% | 16.27% |
| AVGOBroadcom Inc | 5.70% | 2.52% | 3.18% |
| SPCXSpace Exploration Technologies | 2.68% | 2.71% | 0.03% |
| MRVLMarvell Technology Inc | 4.23% | 0.90% | 3.33% |
| LITELumentum Holdings Inc | 4.58% | 0.33% | 4.25% |
| XELXcel Energy Inc. | 4.61% | 0.20% | 4.41% |
| AEPAmerican Electri | 3.59% | 0.29% | 3.30% |
44.8% of DEPW is already inside QQQ.
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, DEPW or QQQ?
DEPW has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
What is the holdings overlap between DEPW and QQQ?
44.8% of DEPW's money is in holdings QQQ also owns. 10.1% of QQQ's is in holdings DEPW also owns. They hold 7 positions in common, counted across the 25 positions we hold weights for in DEPW and 101 in QQQ.
Which pays a higher dividend, DEPW or QQQ?
DEPW yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than DEPW?
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 58.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.