DVLU vs QQQ
First Trust Dorsey Wright Momentum & Value ETF vs Invesco QQQ Trust, Series 1
Which is better, DVLU or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. DVLU led over 1Y, QQQ over 3Y, 5Y and the full window. DVLU is less concentrated, with 31.4% 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 | DVLU | QQQ |
|---|---|---|
| Expense Ratio | 0.60% | 0.18%Best |
| AUM | $49M | $486.1B |
| Dividend Yield | 0.66% | 0.44% |
| Holdings | 102 | 107 |
| YTD Return | +14.59% | +17.54%Best |
| 1Y Return | +30.44%Best | +25.59% |
| 3Y Return (annualized) | +21.63% | +24.63%Best |
| 5Y Return (annualized) | +13.16% | +14.18%Best |
| Volatility (annualized) | 23.9% | 20.7%Best |
| Max Drawdown | -53.3% | -35.1%Best |
| $10,000 over 5 years | $18,555 | $19,407Best |
| Top 10 Weight | 31.4%Best | 46.5% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Sep 5, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 7, 2018 to Sep 4, 2026 (8 years).
DVLU 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 8 years both funds cover.
DVLU vs QQQ Performance
First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DVLU returned +30.44% while QQQ returned +25.59%. Year to date, DVLU is up 14.59% versus a gain of 17.54% for QQQ.
Over three years, DVLU compounded at +21.63% per year against +24.63% for QQQ; over five years the annualized figures are +13.16% and +14.18% respectively. Across the full 8-year window we track, QQQ has the edge at +19.31% annualized vs +10.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVLU has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 20.7% for QQQ. 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 -53.3% for DVLU and -35.1% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DVLU charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, DVLU currently yields 0.66% against 0.44% for QQQ.
Holdings Overlap
0.8% of DVLU's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings DVLU also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 50 positions we hold weights for in DVLU and 102 in QQQ, against full books of 102 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for DVLU (97.3% of the fund), and 48 for DVLU that do not appear in QQQ (96.1%).
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 DVLU | Weight in QQQ | Difference |
|---|---|---|---|
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.78% | 0.26% | 0.52% |
You are not choosing between two funds in isolation.
Whichever of DVLU and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DVLU or QQQ?
DVLU has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, DVLU or QQQ?
Over the past year DVLU returned +30.44% vs +25.59% for QQQ, so DVLU leads on 1-year performance. Over the longest common window we track (8 years), DVLU annualized +10.67% vs +19.31% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVLU or QQQ?
DVLU has been the more volatile fund at 23.9% annualized versus 20.7% for QQQ. Worst drawdown: DVLU -53.3% vs QQQ -35.1%.
Should I hold both DVLU and QQQ?
DVLU and QQQ have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DVLU or QQQ?
DVLU yields 0.66% while QQQ yields 0.44%, so DVLU currently pays the higher dividend yield.
Is QQQ better than DVLU?
QQQ has a lower expense ratio. DVLU led over 1Y, QQQ over 3Y, 5Y and the full window. DVLU is less concentrated, with 31.4% 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.