DLN vs QQQ
WisdomTree US LargeCap Dividend Fund vs Invesco QQQ Trust, Series 1
Which is better, DLN or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. DLN is less concentrated, with 25.3% 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 | DLN | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $6.3B | $483.5B |
| Dividend Yield | 1.74% | 0.44% |
| Holdings | 312 | 107 |
| YTD Return | +12.28% | +15.21%Best |
| 1Y Return | +16.61% | +19.78%Best |
| 3Y Return (annualized) | +17.88% | +24.58%Best |
| 5Y Return (annualized) | +12.19% | +13.93%Best |
| Volatility (annualized) | 14.2%Best | 18.6% |
| Max Drawdown | -57.8% | -53.5%Best |
| $10,000 over 5 years | $17,773 | $19,195Best |
| Top 10 Weight | 25.3%Best | 46.5% |
| Fund Family | WisdomTree Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jun 16, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2006 to Sep 16, 2026 (20.3 years).
DLN 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 20.3 years both funds cover.
DLN vs QQQ Performance
WisdomTree US LargeCap Dividend Fund (DLN) is an ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DLN returned +16.61% while QQQ returned +19.78%. Year to date, DLN is up 12.28% versus a gain of 15.21% for QQQ.
Over three years, DLN compounded at +17.88% per year against +24.58% for QQQ; over five years the annualized figures are +12.19% and +13.93% respectively. Across the full 20-year window we track, QQQ has the edge at +15.64% annualized vs +9.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 14.2% for DLN. 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 -57.8% for DLN and -53.5% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DLN charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, DLN currently yields 1.74% against 0.44% for QQQ.
Holdings Overlap
31.6% of DLN's money is in holdings QQQ also owns. 65.1% of QQQ's money is in holdings DLN also owns.
The two portfolios partly overlap.
48 positions in common, counted across the 308 positions we hold weights for in DLN and 102 in QQQ, against full books of 312 and 107.
What only one of them owns
Our book lists 48 positions for QQQ that do not appear in our book for DLN (32.4% of the fund), and 257 for DLN that do not appear in QQQ (68.0%).
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 DLN | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.72% | 8.44% | 4.72% |
| MSFTMicrosoft Corp | 4.78% | 5.76% | 0.98% |
| AAPLApple, Inc | 2.22% | 7.27% | 5.05% |
| AVGOBroadcom Inc | 2.33% | 3.16% | 0.83% |
| MUMicron Technology, Inc. | 0.60% | 4.43% | 3.83% |
| GOOGLAlphabet Inc,class A | 1.39% | 3.36% | 1.97% |
| METAMeta Platforms Inc | 1.81% | 2.78% | 0.97% |
| GOOGAlphabet Inc | 1.27% | 3.13% | 1.86% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.28% | 2.10% | 0.82% |
| WMTWalmart, Inc. | 0.92% | 2.41% | 1.49% |
65.1% of QQQ is already inside DLN.
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, DLN or QQQ?
DLN has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, DLN or QQQ?
Over the past year DLN returned +16.61% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), DLN annualized +9.76% vs +15.64% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DLN or QQQ?
QQQ has been the more volatile fund at 18.6% annualized versus 14.2% for DLN. Worst drawdown: DLN -57.8% vs QQQ -53.5%.
Should I hold both DLN and QQQ?
DLN and QQQ have a monthly-return correlation of 0.78, 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 DLN and QQQ?
65.1% of QQQ's money is in holdings DLN also owns. 65.1% of QQQ's is in holdings DLN also owns. They hold 48 positions in common, counted across the 308 positions we hold weights for in DLN and 102 in QQQ.
Which pays a higher dividend, DLN or QQQ?
DLN yields 1.74% while QQQ yields 0.44%, so DLN currently pays the higher dividend yield.
Is QQQ better than DLN?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. DLN is less concentrated, with 25.3% 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.