FVD vs QQQ
First Trust Value Line Dividend Index Fund vs Invesco QQQ Trust, Series 1
Which is better, FVD or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FVD is less concentrated, with 4.5% 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 | FVD | QQQ |
|---|---|---|
| Expense Ratio | 0.62% | 0.18%Best |
| AUM | $8.2B | $486.1B |
| Dividend Yield | 2.23% | 0.44% |
| Holdings | 498 | 107 |
| YTD Return | +8.83% | +17.54%Best |
| 1Y Return | +10.28% | +25.59%Best |
| 3Y Return (annualized) | +11.24% | +24.63%Best |
| 5Y Return (annualized) | +6.12% | +14.18%Best |
| Volatility (annualized) | 13.3%Best | 18.5% |
| Max Drawdown | -54.1% | -53.5%Best |
| $10,000 over 5 years | $13,458 | $19,407Best |
| Top 10 Weight | 4.5%Best | 46.5% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Aug 19, 2003 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2005 to Sep 4, 2026 (20.7 years).
FVD 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 20.7 years both funds cover.
FVD vs QQQ Performance
First Trust Value Line Dividend Index Fund (FVD) 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 FVD returned +10.28% while QQQ returned +25.59%. Year to date, FVD is up 8.83% versus a gain of 17.54% for QQQ.
Over three years, FVD compounded at +11.24% per year against +24.63% for QQQ; over five years the annualized figures are +6.12% and +14.18% respectively. Across the full 21-year window we track, QQQ has the edge at +15.02% annualized vs +7.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 13.3% for FVD. 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 -54.1% for FVD 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FVD 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, FVD currently yields 2.23% against 0.44% for QQQ.
Holdings Overlap
8.6% of FVD's money is in holdings QQQ also owns. 10.6% of QQQ's money is in holdings FVD also owns.
QQQ and FVD share little of their money.
21 positions in common, counted across the 247 positions we hold weights for in FVD and 102 in QQQ, against full books of 498 and 107.
What only one of them owns
Our book lists 74 positions for QQQ that do not appear in our book for FVD (86.5% of the fund), and 193 for FVD that do not appear in QQQ (78.0%).
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 FVD | Weight in QQQ | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc | 0.43% | 2.10% | 1.67% |
| AMGNAmgen Inc. | 0.44% | 0.97% | 0.53% |
| LINLinde Plc Ordinary Shares | 0.39% | 1.00% | 0.61% |
| PEPPepsico Inc. | 0.40% | 0.83% | 0.43% |
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.39% | 0.82% | 0.43% |
| GILDGilead Sciences Inc | 0.41% | 0.72% | 0.31% |
| ADPAutomatic Data Processing, Inc. | 0.43% | 0.47% | 0.04% |
| CMCSACOMCAST CORP CLASS A | 0.44% | 0.39% | 0.05% |
| CSXCsx Corp - Common Sr 9 | 0.40% | 0.42% | 0.02% |
| HONHoneywell International Inc. | 0.41% | 0.35% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of FVD 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, FVD or QQQ?
FVD 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, FVD or QQQ?
Over the past year FVD returned +10.28% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), FVD annualized +7.00% vs +15.02% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FVD or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 13.3% for FVD. Worst drawdown: FVD -54.1% vs QQQ -53.5%.
Should I hold both FVD and QQQ?
FVD and QQQ have a monthly-return correlation of 0.68, 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 FVD and QQQ?
10.6% of QQQ's money is in holdings FVD also owns. 10.6% of QQQ's is in holdings FVD also owns. They hold 21 positions in common, counted across the 247 positions we hold weights for in FVD and 102 in QQQ.
Which pays a higher dividend, FVD or QQQ?
FVD yields 2.23% while QQQ yields 0.44%, so FVD currently pays the higher dividend yield.
Is QQQ better than FVD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. FVD is less concentrated, with 4.5% 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.