DFVE vs QQQ
DoubleLine Fortune 500 Equal Weight ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DFVE offers more diversification with 446 holdings.
Side-by-Side Comparison
| Metric | DFVE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $35M | $455.8B | |
| Dividend Yield | 1.34% | 0.41% | |
| Holdings | 449 | 108 | |
| YTD Return | +17.00% | +18.31% | |
| 1Y Return | +25.25% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 12.7% | 30.6% | |
| Max Drawdown | -19.4% | -83.0% | |
| Fund Family | DoubleLine Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | Mar 10, 1999 |
DFVE vs QQQ Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DFVE returned +25.25% while QQQ returned +25.37%. Year to date, DFVE is up 17.00% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.7% for DFVE. 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 -19.4% for DFVE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFVE charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, DFVE currently yields 1.34% against 0.41% for QQQ.
Holdings Overlap
DFVE and QQQ share 60 holdings out of 489 unique holdings combined, representing a 14.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or QQQ?
DFVE has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, DFVE or QQQ?
Over the past year DFVE returned +25.25% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +18.51% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, DFVE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs QQQ -83.0%.
Should I hold both DFVE and QQQ?
DFVE and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVE and QQQ?
DFVE and QQQ share 60 common holdings with a 14.0% weight overlap. Combined, they hold 489 unique securities.
Which pays a higher dividend, DFVE or QQQ?
DFVE yields 1.34% while QQQ yields 0.41%, so DFVE currently pays the higher dividend yield.
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