DVAL vs QQQ
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DVAL offers more diversification with 113 holdings.
Side-by-Side Comparison
| Metric | DVAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.18% | |
| AUM | $71M | $455.8B | |
| Dividend Yield | 1.83% | 0.41% | |
| Holdings | 115 | 108 | |
| YTD Return | +14.98% | +17.46% | |
| 1Y Return | +20.14% | +26.02% | |
| 3Y Return (annualized) | +14.37% | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 12.7% | 30.6% | |
| Max Drawdown | -15.9% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 27, 2006 | Mar 10, 1999 |
DVAL vs QQQ Performance
BrandywineGLOBAL-Dynamic US Large Cap Value ETF (DVAL) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DVAL returned +20.14% while QQQ returned +26.02%. Year to date, DVAL is up 14.98% versus a gain of 17.46% for QQQ.
Over three years, DVAL compounded at +14.37% per year against +25.51% for QQQ. Across the full 4-year window we track, DVAL has the edge at +13.46% annualized vs +13.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.7% for DVAL. 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 -15.9% for DVAL 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVAL charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, DVAL currently yields 1.83% against 0.41% for QQQ.
Holdings Overlap
DVAL and QQQ share 13 holdings out of 203 unique holdings combined, representing a 9.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DVAL or QQQ?
DVAL has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, DVAL or QQQ?
Over the past year DVAL returned +20.14% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), DVAL annualized +13.46% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, DVAL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.7% for DVAL. Worst drawdown: DVAL -15.9% vs QQQ -83.0%.
Should I hold both DVAL and QQQ?
DVAL and QQQ have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVAL and QQQ?
DVAL and QQQ share 13 common holdings with a 9.4% weight overlap. Combined, they hold 203 unique securities.
Which pays a higher dividend, DVAL or QQQ?
DVAL yields 1.83% while QQQ yields 0.41%, so DVAL currently pays the higher dividend yield.
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