ELCV vs QQQ
Eventide High Dividend ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | ELCV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.18% | |
| AUM | $262M | $496.3B | |
| Dividend Yield | 2.15% | 0.44% | |
| Holdings | 47 | 108 | |
| YTD Return | +19.57% | +16.64% | |
| 1Y Return | +25.61% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 13.8% | 30.6% | |
| Max Drawdown | -18.4% | -83.0% | |
| Fund Family | Eventide | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Mar 10, 1999 |
ELCV vs QQQ Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ELCV returned +25.61% while QQQ returned +27.27%. Year to date, ELCV is up 19.57% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.8% for ELCV. 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 -18.4% for ELCV 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV 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, ELCV currently yields 2.15% against 0.44% for QQQ.
Holdings Overlap
ELCV and QQQ share 15 holdings out of 133 unique holdings combined, representing a 13.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or QQQ?
ELCV 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, ELCV or QQQ?
Over the past year ELCV returned +25.61% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.37% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ELCV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs QQQ -83.0%.
Should I hold both ELCV and QQQ?
ELCV and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and QQQ?
ELCV and QQQ share 15 common holdings with a 13.1% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, ELCV or QQQ?
ELCV yields 2.15% while QQQ yields 0.44%, so ELCV currently pays the higher dividend yield.
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