MDLV vs QQQ
Morgan Dempsey Large Cap Value 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 | MDLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $44M | $496.3B | |
| Dividend Yield | 2.70% | 0.44% | |
| Holdings | 38 | 108 | |
| YTD Return | +12.06% | +16.64% | |
| 1Y Return | +16.31% | +27.27% | |
| 3Y Return (annualized) | +13.28% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 10.3% | 30.6% | |
| Max Drawdown | -16.6% | -83.0% | |
| Fund Family | Morgan Dempsey | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 26, 2023 | Mar 10, 1999 |
MDLV vs QQQ Performance
Morgan Dempsey Large Cap Value ETF (MDLV) is a ETF from Morgan Dempsey and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MDLV returned +16.31% while QQQ returned +27.27%. Year to date, MDLV is up 12.06% versus a gain of 16.64% for QQQ.
Over three years, MDLV compounded at +13.28% per year against +25.96% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.03% annualized vs +8.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.3% for MDLV. 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 -16.6% for MDLV 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MDLV charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, MDLV currently yields 2.70% against 0.44% for QQQ.
Holdings Overlap
MDLV and QQQ share 1 holdings out of 106 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MDLV | Weight in QQQ | Difference |
|---|---|---|---|
| CSCO | 3.59% | 2.10% | 1.49% |
Frequently Asked Questions
Which is cheaper, MDLV or QQQ?
MDLV has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, MDLV or QQQ?
Over the past year MDLV returned +16.31% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), MDLV annualized +8.26% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MDLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.3% for MDLV. Worst drawdown: MDLV -16.6% vs QQQ -83.0%.
Should I hold both MDLV and QQQ?
MDLV and QQQ have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MDLV and QQQ?
MDLV and QQQ share 1 common holdings with a 2.1% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, MDLV or QQQ?
MDLV yields 2.70% while QQQ yields 0.44%, so MDLV currently pays the higher dividend yield.
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