DVAL vs QQQ
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, DVAL or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. DVAL is less concentrated, with 34.4% 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 | DVAL | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $71M | $486.1B |
| Dividend Yield | 1.77% | 0.44% |
| Holdings | 115 | 107 |
| YTD Return | +15.19% | +17.54%Best |
| 1Y Return | +16.91% | +25.59%Best |
| 3Y Return (annualized) | +15.30% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 12.6%Best | 18.1% |
| Max Drawdown | -15.9%Best | -22.8% |
| $10,000 over 3.8 years | $16,056 | $26,163Best |
| Top 10 Weight | 34.4%Best | 46.5% |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 27, 2006 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Oct 31, 2022 to Sep 4, 2026 (3.8 years).
DVAL 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 3.8 years both funds cover.
DVAL vs QQQ Performance
BrandywineGLOBAL-Dynamic US Large Cap Value ETF (DVAL) is an ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DVAL returned +16.91% while QQQ returned +25.59%. Year to date, DVAL is up 15.19% versus a gain of 17.54% for QQQ.
Over three years, DVAL compounded at +15.30% per year against +24.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.80% annualized vs +13.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 12.6% 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 -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 0.43. They move together some of the time, and apart the rest.
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 1.77% against 0.44% for QQQ.
Holdings Overlap
16.2% of DVAL's money is in holdings QQQ also owns. 23.9% of QQQ's money is in holdings DVAL also owns.
QQQ and DVAL share little of their money.
9 positions in common, counted across the 103 positions we hold weights for in DVAL and 102 in QQQ, against full books of 115 and 107.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for DVAL (73.7% of the fund), and 92 for DVAL that do not appear in QQQ (80.8%).
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 DVAL | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 1.94% | 7.27% | 5.33% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.80% | 5.76% | 3.96% |
| AMZNAmazon.Com Inc | 2.37% | 4.67% | 2.30% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.40% | 2.10% | 2.30% |
| CMCSAComcast Corp-class A Cmcsa | 2.72% | 0.39% | 2.33% |
| INTCIntel Corporation | 0.61% | 2.23% | 1.62% |
| QCOMQualcomm Inc. | 0.87% | 0.73% | 0.14% |
| REGNRegeneron Pharmaceuticals, Inc. | 0.99% | 0.35% | 0.64% |
| HONHoneywell International Inc. | 0.51% | 0.35% | 0.16% |
23.9% of QQQ is already inside DVAL.
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, DVAL or QQQ?
DVAL has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, DVAL or QQQ?
Over the past year DVAL returned +16.91% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), DVAL annualized +13.27% vs +28.80% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVAL or QQQ?
QQQ has been the more volatile fund at 18.1% annualized versus 12.6% for DVAL. Worst drawdown: DVAL -15.9% vs QQQ -22.8%.
Should I hold both DVAL and QQQ?
DVAL and QQQ have a monthly-return correlation of 0.43, 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 DVAL and QQQ?
23.9% of QQQ's money is in holdings DVAL also owns. 23.9% of QQQ's is in holdings DVAL also owns. They hold 9 positions in common, counted across the 103 positions we hold weights for in DVAL and 102 in QQQ.
Which pays a higher dividend, DVAL or QQQ?
DVAL yields 1.77% while QQQ yields 0.44%, so DVAL currently pays the higher dividend yield.
Is QQQ better than DVAL?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. DVAL is less concentrated, with 34.4% 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.