HDV vs QQQ
iShares Core High Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, HDV or QQQ?
Large Cap Value against Large Cap Growth.
HDV has a lower expense ratio. HDV led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.1%.
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 | HDV | QQQ |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.18% |
| AUM | $15.6B | $483.5B |
| Dividend Yield | 3.07% | 0.44% |
| Holdings | 81 | 107 |
| YTD Return | +20.47%Best | +15.21% |
| 1Y Return | +22.73%Best | +19.78% |
| 3Y Return (annualized) | +15.86% | +24.58%Best |
| 5Y Return (annualized) | +12.49% | +13.93%Best |
| Volatility (annualized) | 13.1%Best | 17.4% |
| Max Drawdown | -37.0% | -35.1%Best |
| $10,000 over 5 years | $18,012 | $19,195Best |
| Top 10 Weight | 52.1% | 46.5%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Mar 29, 2011 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 31, 2011 to Sep 16, 2026 (15.5 years).
HDV 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 15.5 years both funds cover.
HDV vs QQQ Performance
iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year HDV returned +22.73% while QQQ returned +19.78%. Year to date, HDV is up 20.47% versus a gain of 15.21% for QQQ.
Over three years, HDV compounded at +15.86% per year against +24.58% for QQQ; over five years the annualized figures are +12.49% and +13.93% respectively. Across the full 16-year window we track, QQQ has the edge at +17.85% annualized vs +8.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 13.1% for HDV. 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 -37.0% for HDV 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
HDV charges 0.08% per year while QQQ charges 0.18%. On a $10,000 position that is $8 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, HDV currently yields 3.07% against 0.44% for QQQ.
Holdings Overlap
10.3% of HDV's money is in holdings QQQ also owns. 3.0% of QQQ's money is in holdings HDV also owns.
HDV and QQQ share little of their money.
6 positions in common, counted across the 76 positions we hold weights for in HDV and 102 in QQQ, against full books of 81 and 107.
What only one of them owns
Measured across the 76 and 102 positions we hold weights for.
QQQ holds 90 positions HDV does not, 94.5% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of HDV 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, HDV or QQQ?
HDV has an expense ratio of 0.08% while QQQ charges 0.18%. HDV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HDV or QQQ?
Over the past year HDV returned +22.73% vs +19.78% for QQQ, so HDV leads on 1-year performance. Over the longest common window we track (16 years), HDV annualized +8.40% vs +17.85% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDV or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs QQQ -35.1%.
Should I hold both HDV and QQQ?
HDV 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 HDV and QQQ?
10.3% of HDV's money is in holdings QQQ also owns. 3.0% of QQQ's is in holdings HDV also owns. They hold 6 positions in common, counted across the 76 positions we hold weights for in HDV and 102 in QQQ.
Which pays a higher dividend, HDV or QQQ?
HDV yields 3.07% while QQQ yields 0.44%, so HDV currently pays the higher dividend yield.
Is QQQ better than HDV?
HDV has a lower expense ratio. HDV led over 1Y, QQQ over 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.