HEFT vs QQQ
Hedgeye Fourth Turning ETF vs Invesco QQQ Trust, Series 1
Which is better, HEFT or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. HEFT is less concentrated, with 43.5% 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 | HEFT | QQQ |
|---|---|---|
| Expense Ratio | 0.70% | 0.18%Best |
| AUM | $81M | $483.5B |
| Dividend Yield | 0.02% | 0.44% |
| Holdings | 51 | 107 |
| YTD Return | +3.82% | +17.95%Best |
| 1Y Return | - | +21.77% |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Top 10 Weight | 43.5%Best | 46.5% |
| Fund Family | Hedgeye Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 20, 2025 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
HEFT 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.
HEFT vs QQQ Performance
Hedgeye Fourth Turning ETF (HEFT) is an ETF from Hedgeye Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, HEFT is up 3.82% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
HEFT charges 0.70% per year while QQQ charges 0.18%. On a $10,000 position that is $70 vs $18 annually, a gap of $52 per year that compounds over a long holding period. On income, HEFT currently yields 0.02% against 0.44% for QQQ.
Holdings Overlap
40.0% of HEFT's money is in holdings QQQ also owns. 43.8% of QQQ's money is in holdings HEFT also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 48 positions we hold weights for in HEFT and 102 in QQQ, against full books of 51 and 107.
What only one of them owns
Our book lists 82 positions for QQQ that do not appear in our book for HEFT (53.7% of the fund), and 33 for HEFT that do not appear in QQQ (55.8%).
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 HEFT | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 9.50% | 7.27% | 2.23% |
| NVDANvidia Corp | 6.67% | 8.44% | 1.77% |
| AMZNAmazon.Com Inc | 4.18% | 4.67% | 0.49% |
| MSFTMicrosoft Corp | 3.09% | 5.76% | 2.67% |
| GOOGLAlphabet Inc,class A | 2.99% | 3.36% | 0.37% |
| AMDAdvanced Micro Devices Inc | 2.55% | 3.45% | 0.90% |
| MUMicron Technology, Inc. | 1.37% | 4.43% | 3.06% |
| AMATApplied Materials, Inc. | 2.03% | 1.86% | 0.17% |
| PANWPalo Alto Networks, Inc | 1.40% | 1.30% | 0.10% |
| KLACKla Corp | 1.22% | 1.11% | 0.11% |
43.8% of QQQ is already inside HEFT.
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, HEFT or QQQ?
HEFT has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option, by $52 a year on a $10,000 investment.
What is the holdings overlap between HEFT and QQQ?
43.8% of QQQ's money is in holdings HEFT also owns. 43.8% of QQQ's is in holdings HEFT also owns. They hold 14 positions in common, counted across the 48 positions we hold weights for in HEFT and 102 in QQQ.
Which pays a higher dividend, HEFT or QQQ?
HEFT yields 0.02% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than HEFT?
QQQ has a lower expense ratio. HEFT is less concentrated, with 43.5% 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.