LRGE vs QQQ
ClearBridge Large Cap Growth ESG ETF vs Invesco QQQ Trust, Series 1
Which is better, LRGE or QQQ?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.2%.
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 | LRGE | QQQ |
|---|---|---|
| Expense Ratio | 0.48% | 0.18%Best |
| AUM | $377M | $483.5B |
| Dividend Yield | 0.12% | 0.44% |
| Holdings | 32 | 107 |
| YTD Return | +7.35% | +16.87%Best |
| 1Y Return | +9.13% | +22.98%Best |
| 3Y Return (annualized) | +17.55% | +24.98%Best |
| 5Y Return (annualized) | +9.30% | +14.39%Best |
| Volatility (annualized) | 18.0%Best | 19.6% |
| Max Drawdown | -37.0% | -35.1%Best |
| $10,000 over 5 years | $15,599 | $19,586Best |
| Top 10 Weight | 60.2% | 46.5%Best |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 22, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 25, 2017 to Sep 11, 2026 (9.3 years).
LRGE 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 9.3 years both funds cover.
LRGE vs QQQ Performance
ClearBridge Large Cap Growth ESG ETF (LRGE) is an ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LRGE returned +9.13% while QQQ returned +22.98%. Year to date, LRGE is up 7.35% versus a gain of 16.87% for QQQ.
Over three years, LRGE compounded at +17.55% per year against +24.98% for QQQ; over five years the annualized figures are +9.30% and +14.39% respectively. Across the full 9-year window we track, QQQ has the edge at +19.49% annualized vs +15.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 18.0% for LRGE. 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 LRGE 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LRGE charges 0.48% per year while QQQ charges 0.18%. On a $10,000 position that is $48 vs $18 annually, a gap of $30 per year that compounds over a long holding period. On income, LRGE currently yields 0.12% against 0.44% for QQQ.
Holdings Overlap
71.2% of LRGE's money is in holdings QQQ also owns. 41.1% of QQQ's money is in holdings LRGE also owns.
Most of LRGE is already inside QQQ. Owning both mostly buys the same companies twice.
17 positions in common, counted across the 30 positions we hold weights for in LRGE and 102 in QQQ, against full books of 32 and 107.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for LRGE (56.6% of the fund), and 11 for LRGE that do not appear in QQQ (25.0%).
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 LRGE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 16.17% | 8.44% | 7.73% |
| AAPLApple, Inc | 6.89% | 7.27% | 0.38% |
| AMZNAmazon.Com Inc | 5.47% | 4.67% | 0.80% |
| METAMeta Platforms, Inc. | 5.95% | 2.78% | 3.17% |
| GOOGLAlphabet A Usd 0.001 | 4.83% | 3.36% | 1.47% |
| MUMicron Technology, Inc. | 3.26% | 4.43% | 1.17% |
| PANWPalo Alto Networks Inc. | 5.98% | 1.30% | 4.68% |
| TSLATesla Inc | 3.60% | 2.56% | 1.04% |
| NFLXNetflix, Inc. | 2.96% | 1.37% | 1.59% |
| ASML:ASAsml Holding Adr Representing Nv | 3.41% | 0.68% | 2.73% |
71.2% of LRGE is already inside QQQ.
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, LRGE or QQQ?
LRGE has an expense ratio of 0.48% while QQQ charges 0.18%. QQQ is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, LRGE or QQQ?
Over the past year LRGE returned +9.13% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), LRGE annualized +15.16% vs +19.49% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRGE or QQQ?
QQQ has been the more volatile fund at 19.6% annualized versus 18.0% for LRGE. Worst drawdown: LRGE -37.0% vs QQQ -35.1%.
Should I hold both LRGE and QQQ?
LRGE and QQQ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LRGE and QQQ?
71.2% of LRGE's money is in holdings QQQ also owns. 41.1% of QQQ's is in holdings LRGE also owns. They hold 17 positions in common, counted across the 30 positions we hold weights for in LRGE and 102 in QQQ.
Which pays a higher dividend, LRGE or QQQ?
LRGE yields 0.12% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LRGE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.