EQWL vs QQQ
Invesco S&P 100 Equal Weight ETF vs Invesco QQQ Trust, Series 1
Which is better, EQWL 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. EQWL is less concentrated, with 12.3% 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 | EQWL | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $2.9B | $483.5B |
| Dividend Yield | 1.52% | 0.44% |
| Holdings | 104 | 107 |
| YTD Return | +11.52% | +15.21%Best |
| 1Y Return | +17.38% | +19.78%Best |
| 3Y Return (annualized) | +18.89% | +24.58%Best |
| 5Y Return (annualized) | +11.80% | +13.93%Best |
| Volatility (annualized) | 15.0%Best | 18.7% |
| Max Drawdown | -50.0%Best | -53.5% |
| $10,000 over 5 years | $17,467 | $19,195Best |
| Top 10 Weight | 12.3%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 1, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 1, 2006 to Sep 16, 2026 (19.8 years).
EQWL 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 19.8 years both funds cover.
EQWL vs QQQ Performance
Invesco S&P 100 Equal Weight ETF (EQWL) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EQWL returned +17.38% while QQQ returned +19.78%. Year to date, EQWL is up 11.52% versus a gain of 15.21% for QQQ.
Over three years, EQWL compounded at +18.89% per year against +24.58% for QQQ; over five years the annualized figures are +11.80% and +13.93% respectively. Across the full 20-year window we track, QQQ has the edge at +15.28% annualized vs +9.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 15.0% for EQWL. 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 -50.0% for EQWL and -53.5% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQWL charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, EQWL currently yields 1.52% against 0.44% for QQQ.
Holdings Overlap
31.2% of EQWL's money is in holdings QQQ also owns. 70.5% of QQQ's money is in holdings EQWL also owns.
Most of QQQ is already inside EQWL. Owning both mostly buys the same companies twice.
33 positions in common, counted across the 102 positions we hold weights for in EQWL and 102 in QQQ, against full books of 104 and 107.
What only one of them owns
Our book lists 63 positions for QQQ that do not appear in our book for EQWL (27.0% of the fund), and 68 for EQWL that do not appear in QQQ (67.8%).
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 EQWL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.03% | 8.44% | 7.41% |
| AAPLApple, Inc | 1.02% | 7.27% | 6.25% |
| MSFTMicrosoft Corp | 1.20% | 5.76% | 4.56% |
| AMZNAmazon.Com Inc | 1.02% | 4.67% | 3.65% |
| MUMicron Technology, Inc. | 1.01% | 4.43% | 3.42% |
| AVGOBroadcom Inc | 0.93% | 3.16% | 2.23% |
| GOOGLAlphabet Inc,class A | 0.50% | 3.36% | 2.86% |
| METAMeta Platforms Inc | 0.94% | 2.78% | 1.84% |
| GOOGAlphabet Inc | 0.40% | 3.13% | 2.73% |
| TSLATesla Inc | 0.91% | 2.56% | 1.65% |
70.5% of QQQ is already inside EQWL.
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, EQWL or QQQ?
EQWL has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, EQWL or QQQ?
Over the past year EQWL returned +17.38% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), EQWL annualized +9.27% vs +15.28% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQWL or QQQ?
QQQ has been the more volatile fund at 18.7% annualized versus 15.0% for EQWL. Worst drawdown: EQWL -50.0% vs QQQ -53.5%.
Should I hold both EQWL and QQQ?
EQWL and QQQ have a monthly-return correlation of 0.85, 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 EQWL and QQQ?
70.5% of QQQ's money is in holdings EQWL also owns. 70.5% of QQQ's is in holdings EQWL also owns. They hold 33 positions in common, counted across the 102 positions we hold weights for in EQWL and 102 in QQQ.
Which pays a higher dividend, EQWL or QQQ?
EQWL yields 1.52% while QQQ yields 0.44%, so EQWL currently pays the higher dividend yield.
Is QQQ better than EQWL?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. EQWL is less concentrated, with 12.3% 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.