DFVE vs QQQ
DoubleLine Fortune 500 Equal Weight ETF vs Invesco QQQ Trust, Series 1
Which is better, DFVE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DFVE is less concentrated, with 2.3% 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 | DFVE | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $37M | $483.5B |
| Dividend Yield | 1.34% | 0.44% |
| Holdings | 469 | 107 |
| YTD Return | +12.62% | +22.20%Best |
| 1Y Return | +16.49% | +24.58%Best |
| 3Y Return (annualized) | - | +28.38% |
| 5Y Return (annualized) | - | +15.80% |
| Volatility (annualized) | 12.7%Best | 17.4% |
| Max Drawdown | -19.4%Best | -22.8% |
| $10,000 over 2.6 years | $14,699 | $17,800Best |
| Top 10 Weight | 2.3%Best | 46.5% |
| Fund Family | DoubleLine Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 31, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 1, 2024 to Sep 22, 2026 (2.6 years).
DFVE 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 2.6 years both funds cover.
DFVE vs QQQ Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an ETF from DoubleLine Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DFVE returned +16.49% while QQQ returned +24.58%. Year to date, DFVE is up 12.62% versus a gain of 22.20% for QQQ.
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 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 -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 0.44. They move together some of the time, and apart the rest.
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 0.44% for QQQ.
Holdings Overlap
13.3% of DFVE's money is in holdings QQQ also owns. 80.4% of QQQ's money is in holdings DFVE also owns.
Most of QQQ is already inside DFVE. Owning both mostly buys the same companies twice.
62 positions in common, counted across the 469 positions we hold weights for in DFVE and 102 in QQQ, against full books of 469 and 107.
What only one of them owns
Our book lists 34 positions for QQQ that do not appear in our book for DFVE (17.2% of the fund), and 401 for DFVE that do not appear in QQQ (86.5%).
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 DFVE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.22% | 8.44% | 8.22% |
| AAPLApple, Inc | 0.22% | 7.27% | 7.05% |
| MSFTMicrosoft Corp | 0.22% | 5.76% | 5.54% |
| AMZNAmazon.Com Inc | 0.21% | 4.67% | 4.46% |
| MUMicron Technology, Inc. | 0.22% | 4.43% | 4.21% |
| AMDAdvanced Micro Devices Inc | 0.22% | 3.45% | 3.23% |
| GOOGLAlphabet Inc,class A | 0.21% | 3.36% | 3.15% |
| AVGOBroadcom Inc | 0.22% | 3.16% | 2.94% |
| METAMeta Platforms Inc | 0.22% | 2.78% | 2.56% |
| TSLATesla Inc | 0.23% | 2.56% | 2.33% |
80.4% of QQQ is already inside DFVE.
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, DFVE or QQQ?
DFVE has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, DFVE or QQQ?
Over the past year DFVE returned +16.49% vs +24.58% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVE or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs QQQ -22.8%.
Should I hold both DFVE and QQQ?
DFVE and QQQ have a monthly-return correlation of 0.44, 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 DFVE and QQQ?
80.4% of QQQ's money is in holdings DFVE also owns. 80.4% of QQQ's is in holdings DFVE also owns. They hold 62 positions in common, counted across the 469 positions we hold weights for in DFVE and 102 in QQQ.
Which pays a higher dividend, DFVE or QQQ?
DFVE yields 1.34% while QQQ yields 0.44%, so DFVE currently pays the higher dividend yield.
Is QQQ better than DFVE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DFVE is less concentrated, with 2.3% 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.