ICAP vs QQQ
Infrastructure Capital Equity Income ETF vs Invesco QQQ Trust, Series 1
Which is better, ICAP or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
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 | ICAP | QQQ |
|---|---|---|
| Expense Ratio | 2.47% | 0.18%Best |
| AUM | $118M | $483.5B |
| Dividend Yield | 10.94% | 0.44% |
| Holdings | 174 | 107 |
| YTD Return | +6.75% | +17.21%Best |
| 1Y Return | +10.81% | +22.10%Best |
| 3Y Return (annualized) | +16.16% | +25.27%Best |
| 5Y Return (annualized) | - | +14.60% |
| Volatility (annualized) | 19.3%Best | 21.2% |
| Max Drawdown | -24.2%Best | -34.8% |
| $10,000 over 4.7 years | $14,128 | $18,314Best |
| Fund Family | Infrastructure Capital Advisors, LLC | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 28, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Dec 29, 2021 to Sep 17, 2026 (4.7 years).
ICAP 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 4.7 years both funds cover.
ICAP vs QQQ Performance
Infrastructure Capital Equity Income ETF (ICAP) is an ETF from Infrastructure Capital Advisors, LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ICAP returned +10.81% while QQQ returned +22.10%. Year to date, ICAP is up 6.75% versus a gain of 17.21% for QQQ.
Over three years, ICAP compounded at +16.16% per year against +25.27% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.2% compared with 19.3% for ICAP. 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 -24.2% for ICAP and -34.8% 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 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ICAP charges 2.47% per year while QQQ charges 0.18%. On a $10,000 position that is $247 vs $18 annually, a gap of $229 per year that compounds over a long holding period. On income, ICAP currently yields 10.94% against 0.44% for QQQ.
Holdings Overlap
At least 33.6% of QQQ's money is in holdings ICAP also owns.
Only one direction is shown: for ICAP, our book for it lists positions totalling 125.5% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
11 positions in common, counted across the 82 positions we hold weights for in ICAP and 102 in QQQ, against full books of 174 and 107.
Top Shared Holdings
| Stock | Weight in ICAP | Weight in QQQ | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 6.57% | 3.16% | 3.41% |
| NVDANvidia Corp | 0.92% | 8.44% | 7.52% |
| AMZNAmazon.Com Inc | 4.48% | 4.67% | 0.19% |
| MSFTMicrosoft Corp | 3.21% | 5.76% | 2.55% |
| MRVLMarvell Technology Group Ltd. | 4.51% | 0.81% | 3.70% |
| AMDAdvanced Micro Devices Inc | 0.84% | 3.45% | 2.61% |
| METAMeta Platforms Inc | 1.50% | 2.78% | 1.28% |
| GOOGLAlphabet Inc,class A | 0.46% | 3.36% | 2.90% |
| XELXcel Energy Inc. | 2.09% | 0.21% | 1.88% |
| KHCKraft Heinz Co. | 1.56% | 0.13% | 1.43% |
33.6% of QQQ is already inside ICAP.
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, ICAP or QQQ?
ICAP has an expense ratio of 2.47% while QQQ charges 0.18%. QQQ is the cheaper option, by $229 a year on a $10,000 investment.
Which performed better, ICAP or QQQ?
Over the past year ICAP returned +10.81% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICAP or QQQ?
QQQ has been the more volatile fund at 21.2% annualized versus 19.3% for ICAP. Worst drawdown: ICAP -24.2% vs QQQ -34.8%.
Should I hold both ICAP and QQQ?
ICAP and QQQ have a monthly-return correlation of 0.60, 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 ICAP and QQQ?
At least 33.6% of QQQ's money is in holdings ICAP also owns. Our book for ICAP is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 82 positions we hold weights for in ICAP and 102 in QQQ.
Which pays a higher dividend, ICAP or QQQ?
ICAP yields 10.94% while QQQ yields 0.44%, so ICAP currently pays the higher dividend yield.
Is QQQ better than ICAP?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.