HAWG vs QQQ
HCM Hedged Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, HAWG or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.4%.
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 | HAWG | QQQ |
|---|---|---|
| Expense Ratio | 1.35% | 0.18%Best |
| AUM | $99M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 1,027 | 208 |
| YTD Return | -2.09% | +12.62%Best |
| 1Y Return | - | +11.32% |
| 3Y Return (annualized) | - | +22.90% |
| 5Y Return (annualized) | - | +12.43% |
| Top 10 Weight | 53.4% | 46.9%Best |
| Fund Family | Howard Capital Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 13, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
HAWG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HAWG vs QQQ Performance
HCM Hedged Equity ETF (HAWG) is an ETF from Howard Capital Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, HAWG is down 2.09% versus a gain of 12.62% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
HAWG charges 1.35% per year while QQQ charges 0.18%. On a $10,000 position that is $135 vs $18 annually, a gap of $117 per year that compounds over a long holding period. On income, HAWG currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
75.7% of HAWG's money is in holdings QQQ also owns. 96.1% of QQQ's money is in holdings HAWG also owns.
Most of QQQ is already inside HAWG. Owning both mostly buys the same companies twice.
94 positions in common, counted across the 488 positions we hold weights for in HAWG and 101 in QQQ, against full books of 1,027 and 208.
What only one of them owns
Our book lists 2 positions for QQQ that do not appear in our book for HAWG (1.5% of the fund), and 382 for HAWG that do not appear in QQQ (22.3%).
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 HAWG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.57% | 8.05% | 2.52% |
| AAPLApple Inc | 10.22% | 7.68% | 2.54% |
| MSFTMicrosoft Corp | 8.25% | 6.16% | 2.09% |
| AMZNAmazon.Com Inc | 5.12% | 4.23% | 0.89% |
| GOOGLAlphabet Inc | 4.27% | 3.15% | 1.12% |
| METAMeta Platforms Inc | 3.39% | 3.37% | 0.02% |
| MUMicron Technology, Inc. | 2.20% | 4.47% | 2.27% |
| GOOGAlphabet Inc. C | 3.67% | 2.93% | 0.74% |
| AVGOBroadcom Inc | 3.35% | 2.52% | 0.83% |
| AMDAdvanced Micro Devices Inc | 1.92% | 3.90% | 1.98% |
96.1% of QQQ is already inside HAWG.
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, HAWG or QQQ?
HAWG has an expense ratio of 1.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $117 a year on a $10,000 investment.
What is the holdings overlap between HAWG and QQQ?
96.1% of QQQ's money is in holdings HAWG also owns. 96.1% of QQQ's is in holdings HAWG also owns. They hold 94 positions in common, counted across the 488 positions we hold weights for in HAWG and 101 in QQQ.
Which pays a higher dividend, HAWG or QQQ?
HAWG yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than HAWG?
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.