DHLX vs QQQ
Diamond Hill Large Cap Concentrated ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | DHLX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $73M | $496.3B | |
| Dividend Yield | 0.64% | 0.44% | |
| Holdings | 22 | 108 | |
| YTD Return | +5.63% | +16.64% | |
| 1Y Return | +6.61% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -8.4% | -83.0% | |
| Fund Family | Diamond Hill Capital Management Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2021 | Mar 10, 1999 |
DHLX vs QQQ Performance
Diamond Hill Large Cap Concentrated ETF (DHLX) is a ETF from Diamond Hill Capital Management Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DHLX returned +6.61% while QQQ returned +27.27%. Year to date, DHLX is up 5.63% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.4% for DHLX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
DHLX charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, DHLX currently yields 0.64% against 0.44% for QQQ.
Holdings Overlap
DHLX and QQQ share 4 holdings out of 119 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DHLX or QQQ?
DHLX has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, DHLX or QQQ?
Over the past year DHLX returned +6.61% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between DHLX and QQQ?
DHLX and QQQ share 4 common holdings with a 16.6% weight overlap. Combined, they hold 119 unique securities.
Which pays a higher dividend, DHLX or QQQ?
DHLX yields 0.64% while QQQ yields 0.44%, so DHLX currently pays the higher dividend yield.
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