DWLD vs QQQ
Davis Select Worldwide ETF vs Invesco QQQ Trust, Series 1
Which is better, DWLD or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. DWLD is less concentrated, with 25.8% 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 | DWLD | QQQ |
|---|---|---|
| Expense Ratio | 0.62% | 0.18%Best |
| AUM | $607M | $486.1B |
| Dividend Yield | 0.87% | 0.44% |
| Holdings | 40 | 107 |
| YTD Return | -0.55% | +17.44%Best |
| 1Y Return | +6.74% | +24.69%Best |
| 3Y Return (annualized) | +18.91% | +24.76%Best |
| 5Y Return (annualized) | +9.57% | +14.22%Best |
| Volatility (annualized) | 18.6%Best | 19.3% |
| Max Drawdown | -39.3% | -35.1%Best |
| $10,000 over 5 years | $15,793 | $19,441Best |
| Top 10 Weight | 25.8%Best | 46.5% |
| Fund Family | Davis ETFs | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 11, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Sep 8, 2026 (9.7 years).
DWLD 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 9.7 years both funds cover.
DWLD vs QQQ Performance
Davis Select Worldwide ETF (DWLD) is an ETF from Davis ETFs and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DWLD returned +6.74% while QQQ returned +24.69%. Year to date, DWLD is down 0.55% versus a gain of 17.44% for QQQ.
Over three years, DWLD compounded at +18.91% per year against +24.76% for QQQ; over five years the annualized figures are +9.57% and +14.22% respectively. Across the full 10-year window we track, QQQ has the edge at +20.49% annualized vs +10.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 18.6% for DWLD. 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 -39.3% for DWLD 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DWLD charges 0.62% per year while QQQ charges 0.18%. On a $10,000 position that is $62 vs $18 annually, a gap of $44 per year that compounds over a long holding period. On income, DWLD currently yields 0.87% against 0.44% for QQQ.
Holdings Overlap
37.8% of DWLD's money is in holdings QQQ also owns. 96.5% of QQQ's money is in holdings DWLD also owns.
Most of QQQ is already inside DWLD. Owning both mostly buys the same companies twice.
95 positions in common, counted across the 1,427 positions we hold weights for in DWLD and 102 in QQQ, against full books of 40 and 107.
What only one of them owns
Our book lists 3 positions for QQQ that do not appear in our book for DWLD (2.1% of the fund), and 394 for DWLD that do not appear in QQQ (31.0%).
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 DWLD | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.13% | 8.44% | 3.31% |
| AAPLApple Inc Ord | 4.63% | 7.27% | 2.64% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.79% | 5.76% | 1.97% |
| AMZNAmazon.Com Inc | 2.78% | 4.67% | 1.89% |
| GOOGL Alphabet Inc. Class A | 2.28% | 3.36% | 1.08% |
| MUMicron Technology, Inc. | 1.04% | 4.43% | 3.39% |
| AVGOBroadcom Inc | 2.01% | 3.16% | 1.15% |
| GOOGAlphabet, Inc., Class C | 1.85% | 3.13% | 1.28% |
| AMDAdvanced Micro Devices Inc | 0.87% | 3.45% | 2.58% |
| METAMeta Platform Inc | 1.33% | 2.78% | 1.45% |
96.5% of QQQ is already inside DWLD.
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, DWLD or QQQ?
DWLD has an expense ratio of 0.62% while QQQ charges 0.18%. QQQ is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, DWLD or QQQ?
Over the past year DWLD returned +6.74% vs +24.69% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), DWLD annualized +10.42% vs +20.49% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWLD or QQQ?
QQQ has been the more volatile fund at 19.3% annualized versus 18.6% for DWLD. Worst drawdown: DWLD -39.3% vs QQQ -35.1%.
Should I hold both DWLD and QQQ?
DWLD and QQQ have a monthly-return correlation of 0.69, 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 DWLD and QQQ?
96.5% of QQQ's money is in holdings DWLD also owns. 96.5% of QQQ's is in holdings DWLD also owns. They hold 95 positions in common, counted across the 1,427 positions we hold weights for in DWLD and 102 in QQQ.
Which pays a higher dividend, DWLD or QQQ?
DWLD yields 0.87% while QQQ yields 0.44%, so DWLD currently pays the higher dividend yield.
Is QQQ better than DWLD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. DWLD is less concentrated, with 25.8% 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.