IPAV vs QQQ
Global X Infrastructure Development ex-US ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | IPAV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 1.52% | 0.44% | |
| Holdings | 100 | 108 | |
| YTD Return | +8.72% | +19.52% | |
| 1Y Return | +16.32% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 16.8% | 30.6% | |
| Max Drawdown | -14.6% | -83.0% | |
| Fund Family | GLOBALXETFS | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 27, 2024 | Mar 10, 1999 |
IPAV vs QQQ Performance
Global X Infrastructure Development ex-US ETF (IPAV) is a ETF from GLOBALXETFS and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IPAV returned +16.32% while QQQ returned +26.68%. Year to date, IPAV is up 8.72% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.8% for IPAV. 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 -14.6% for IPAV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IPAV charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, IPAV currently yields 1.52% against 0.44% for QQQ.
Holdings Overlap
IPAV and QQQ share 1 holdings out of 201 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IPAV | Weight in QQQ | Difference |
|---|---|---|---|
| FER:AS | 2.97% | 0.21% | 2.76% |
Frequently Asked Questions
Which is cheaper, IPAV or QQQ?
IPAV has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IPAV or QQQ?
Over the past year IPAV returned +16.32% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), IPAV annualized +15.18% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, IPAV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.8% for IPAV. Worst drawdown: IPAV -14.6% vs QQQ -83.0%.
Should I hold both IPAV and QQQ?
IPAV and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPAV and QQQ?
IPAV and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, IPAV or QQQ?
IPAV yields 1.52% while QQQ yields 0.44%, so IPAV currently pays the higher dividend yield.
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