LCR vs QQQ
Leuthold Core ETF vs Invesco QQQ Trust, Series 1
Which is better, LCR or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.4%.
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 | LCR | QQQ |
|---|---|---|
| Expense Ratio | 0.83% | 0.18%Best |
| AUM | $69M | $483.5B |
| Dividend Yield | 1.32% | 0.44% |
| Holdings | 36 | 107 |
| Volatility (annualized) | 10.1%Best | 21.5% |
| Max Drawdown | -17.4%Best | -35.1% |
| $10,000 over 5 years | $14,558 | $24,677Best |
| Top 10 Weight | 66.4% | 46.5%Best |
| Fund Family | Leuthold Funds | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Jan 3, 2020 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 602 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LCR has data through Jan 17, 2025 and QQQ through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: Jan 6, 2020 to Jan 17, 2025 (5 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 10.1% for LCR. 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 -17.4% for LCR 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LCR charges 0.83% per year while QQQ charges 0.18%. On a $10,000 position that is $83 vs $18 annually, a gap of $65 per year that compounds over a long holding period. On income, LCR currently yields 1.32% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 34 holdings in LCR and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 34 positions we hold weights for in LCR and 102 in QQQ, against full books of 36 and 107.
What only one of them owns
Measured across the 34 and 102 positions we hold weights for.
QQQ holds 95 positions LCR does not, 97.0% 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 LCR 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, LCR or QQQ?
LCR has an expense ratio of 0.83% while QQQ charges 0.18%. QQQ is the cheaper option, by $65 a year on a $10,000 investment.
Which is riskier, LCR or QQQ?
QQQ has been the more volatile fund at 21.5% annualized versus 10.1% for LCR. Worst drawdown: LCR -17.4% vs QQQ -35.1%.
Should I hold both LCR and QQQ?
LCR and QQQ have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LCR or QQQ?
LCR yields 1.32% while QQQ yields 0.44%, so LCR currently pays the higher dividend yield.
Is QQQ better than LCR?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.