FWD vs QQQ
AB Disruptors ETF vs Invesco QQQ Trust, Series 1
Which is better, FWD or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. FWD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. FWD is less concentrated, with 22.4% 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 | FWD | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $3.1B | $483.5B |
| Dividend Yield | 0.09% | 0.44% |
| Holdings | 125 | 107 |
| YTD Return | +20.47%Best | +17.95% |
| 1Y Return | +28.26%Best | +21.77% |
| 3Y Return (annualized) | +33.65%Best | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 24.0% | 17.0%Best |
| Max Drawdown | -29.0% | -22.8%Best |
| $10,000 over 3.5 years | $26,460Best | $24,053 |
| Top 10 Weight | 22.4%Best | 46.5% |
| Fund Family | AllianceBernstein L.P. | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Mar 22, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 22, 2023 to Sep 18, 2026 (3.5 years).
FWD 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 3.5 years both funds cover.
FWD vs QQQ Performance
AB Disruptors ETF (FWD) is an ETF from AllianceBernstein L.P. and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FWD returned +28.26% while QQQ returned +21.77%. Year to date, FWD is up 20.47% versus a gain of 17.95% for QQQ.
Over three years, FWD compounded at +33.65% per year against +25.63% for QQQ. Across the full 4-year window we track, FWD has the edge at +32.05% annualized vs +28.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FWD has been the more volatile fund, with annualized monthly volatility of 24.0% compared with 17.0% 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 -29.0% for FWD and -22.8% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FWD charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, FWD currently yields 0.09% against 0.44% for QQQ.
Holdings Overlap
44.0% of FWD's money is in holdings QQQ also owns. 59.7% of QQQ's money is in holdings FWD also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 118 positions we hold weights for in FWD and 102 in QQQ, against full books of 125 and 107.
What only one of them owns
Our book lists 59 positions for QQQ that do not appear in our book for FWD (39.3% of the fund), and 47 for FWD that do not appear in QQQ (32.6%).
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 FWD | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.10% | 8.44% | 4.34% |
| MSFTMicrosoft Corp | 2.95% | 5.76% | 2.81% |
| AMZNAmazon.Com Inc | 2.74% | 4.67% | 1.93% |
| GOOGLAlphabet Inc,class A | 2.19% | 3.36% | 1.17% |
| AMDAdvanced Micro Devices Inc | 1.89% | 3.45% | 1.56% |
| MUMicron Technology, Inc. | 0.77% | 4.43% | 3.66% |
| AVGOBroadcom Inc | 1.50% | 3.16% | 1.66% |
| INTCIntel Corporation | 1.05% | 2.23% | 1.18% |
| TSLATesla Inc | 0.71% | 2.56% | 1.85% |
| AMATApplied Materials, Inc. | 0.97% | 1.86% | 0.89% |
59.7% of QQQ is already inside FWD.
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, FWD or QQQ?
FWD has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, FWD or QQQ?
Over the past year FWD returned +28.26% vs +21.77% for QQQ, so FWD leads on 1-year performance. Over the longest common window we track (4 years), FWD annualized +32.05% vs +28.50% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FWD or QQQ?
FWD has been the more volatile fund at 24.0% annualized versus 17.0% for QQQ. Worst drawdown: FWD -29.0% vs QQQ -22.8%.
Should I hold both FWD and QQQ?
FWD and QQQ have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FWD and QQQ?
59.7% of QQQ's money is in holdings FWD also owns. 59.7% of QQQ's is in holdings FWD also owns. They hold 39 positions in common, counted across the 118 positions we hold weights for in FWD and 102 in QQQ.
Which pays a higher dividend, FWD or QQQ?
FWD yields 0.09% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FWD?
QQQ has a lower expense ratio. FWD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. FWD is less concentrated, with 22.4% 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.