HDMV vs QQQ
First Trust Horizon Managed Volatility Developed International ETF vs Invesco QQQ Trust, Series 1
Which is better, HDMV 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. HDMV is less concentrated, with 16.2% 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 | HDMV | QQQ |
|---|---|---|
| Expense Ratio | 0.80% | 0.18%Best |
| AUM | $17M | $483.5B |
| Dividend Yield | 4.00% | 0.44% |
| Holdings | 316 | 107 |
| YTD Return | +9.17% | +16.87%Best |
| 1Y Return | +10.63% | +22.98%Best |
| 3Y Return (annualized) | +15.29% | +24.98%Best |
| 5Y Return (annualized) | +6.97% | +14.39%Best |
| Volatility (annualized) | 12.8%Best | 18.9% |
| Max Drawdown | -35.5% | -35.1%Best |
| $10,000 over 5 years | $14,006 | $19,586Best |
| Top 10 Weight | 16.2%Best | 46.5% |
| Fund Family | First Trust Portfolios (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Aug 24, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2016 to Sep 11, 2026 (10 years).
HDMV 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 10 years both funds cover.
HDMV vs QQQ Performance
First Trust Horizon Managed Volatility Developed International ETF (HDMV) 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 HDMV returned +10.63% while QQQ returned +22.98%. Year to date, HDMV is up 9.17% versus a gain of 16.87% for QQQ.
Over three years, HDMV compounded at +15.29% per year against +24.98% for QQQ; over five years the annualized figures are +6.97% and +14.39% respectively. Across the full 10-year window we track, QQQ has the edge at +20.16% annualized vs +4.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 12.8% for HDMV. 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 -35.5% for HDMV and -35.1% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HDMV charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, HDMV currently yields 4.00% against 0.44% for QQQ.
Holdings Overlap
1.1% of HDMV's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings HDMV also owns.
HDMV and QQQ share little of their money.
2 positions in common, counted across the 149 positions we hold weights for in HDMV and 102 in QQQ, against full books of 316 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for HDMV (97.0% of the fund), and 1 for HDMV that do not appear in QQQ (0.2%).
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.
You are not choosing between two funds in isolation.
Whichever of HDMV 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, HDMV or QQQ?
HDMV has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, HDMV or QQQ?
Over the past year HDMV returned +10.63% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), HDMV annualized +4.53% vs +20.16% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDMV or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 12.8% for HDMV. Worst drawdown: HDMV -35.5% vs QQQ -35.1%.
Should I hold both HDMV and QQQ?
HDMV and QQQ have a monthly-return correlation of 0.51, 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 HDMV and QQQ?
1.1% of HDMV's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings HDMV also owns. They hold 2 positions in common, counted across the 149 positions we hold weights for in HDMV and 102 in QQQ.
Which pays a higher dividend, HDMV or QQQ?
HDMV yields 4.00% while QQQ yields 0.44%, so HDMV currently pays the higher dividend yield.
Is QQQ better than HDMV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. HDMV is less concentrated, with 16.2% 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.