DFVX vs QQQ
Dimensional US Large Cap Vector ETF vs Invesco QQQ Trust, Series 1
Which is better, DFVX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DFVX is less concentrated, with 32.5% 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 | DFVX | QQQ |
|---|---|---|
| Expense Ratio | 0.19% | 0.18%Best |
| AUM | $543M | $483.5B |
| Dividend Yield | 1.14% | 0.44% |
| Holdings | 319 | 107 |
| YTD Return | +14.26% | +16.87%Best |
| 1Y Return | +17.77% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 11.3%Best | 16.8% |
| Max Drawdown | -16.7%Best | -22.8% |
| $10,000 over 2.9 years | $17,256 | $20,188Best |
| Top 10 Weight | 32.5%Best | 46.5% |
| Fund Family | Dimensional | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 2, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Sep 11, 2026 (2.9 years).
DFVX 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 2.9 years both funds cover.
DFVX vs QQQ Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DFVX returned +17.77% while QQQ returned +22.98%. Year to date, DFVX is up 14.26% versus a gain of 16.87% 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 16.8% compared with 11.3% for DFVX. 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 -16.7% for DFVX 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVX charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, DFVX currently yields 1.14% against 0.44% for QQQ.
Holdings Overlap
40.1% of DFVX's money is in holdings QQQ also owns. 72.8% of QQQ's money is in holdings DFVX also owns.
Most of QQQ is already inside DFVX. Owning both mostly buys the same companies twice.
54 positions in common, counted across the 319 positions we hold weights for in DFVX and 102 in QQQ, against full books of 319 and 107.
What only one of them owns
Our book lists 41 positions for QQQ that do not appear in our book for DFVX (24.3% of the fund), and 242 for DFVX that do not appear in QQQ (58.8%).
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 DFVX | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.89% | 5.76% | 0.13% |
| AMZNAmazon.Com Inc | 5.40% | 4.67% | 0.73% |
| NVDANvidia Corp. | 0.91% | 8.44% | 7.53% |
| AAPLApple, Inc | 0.04% | 7.27% | 7.23% |
| METAMeta Platforms, Inc. | 4.30% | 2.78% | 1.52% |
| MUMicron Technology, Inc. | 2.21% | 4.43% | 2.22% |
| GOOGLAlphabet A Usd 0.001 | 3.08% | 3.36% | 0.28% |
| GOOGAlphabet Inc | 3.11% | 3.13% | 0.02% |
| WMTWalmart, Inc. | 1.15% | 2.41% | 1.26% |
| AVGOBroadcom Inc | 0.07% | 3.16% | 3.09% |
72.8% of QQQ is already inside DFVX.
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, DFVX or QQQ?
DFVX has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, DFVX or QQQ?
Over the past year DFVX returned +17.77% vs +22.98% 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, DFVX or QQQ?
QQQ has been the more volatile fund at 16.8% annualized versus 11.3% for DFVX. Worst drawdown: DFVX -16.7% vs QQQ -22.8%.
Should I hold both DFVX and QQQ?
DFVX and QQQ have a monthly-return correlation of 0.71, 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 DFVX and QQQ?
72.8% of QQQ's money is in holdings DFVX also owns. 72.8% of QQQ's is in holdings DFVX also owns. They hold 54 positions in common, counted across the 319 positions we hold weights for in DFVX and 102 in QQQ.
Which pays a higher dividend, DFVX or QQQ?
DFVX yields 1.14% while QQQ yields 0.44%, so DFVX currently pays the higher dividend yield.
Is QQQ better than DFVX?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DFVX is less concentrated, with 32.5% 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.