MEDI vs QQQ
Harbor Health Care ETF vs Invesco QQQ Trust, Series 1
Which is better, MEDI or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 59.0%.
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 | MEDI | QQQ |
|---|---|---|
| Expense Ratio | 0.80% | 0.18%Best |
| AUM | $42M | $498.6B |
| Dividend Yield | 0.04% | 0.42% |
| Holdings | 90 | 321 |
| YTD Return | +3.49% | +21.44%Best |
| 1Y Return | +11.46% | +23.58%Best |
| 3Y Return (annualized) | +14.99% | +27.86%Best |
| 5Y Return (annualized) | - | +16.25% |
| Volatility (annualized) | 16.1%Best | 18.1% |
| Max Drawdown | -19.2%Best | -22.8% |
| $10,000 over 3.9 years | $16,962 | $26,874Best |
| Top 10 Weight | 59.0% | 47.2%Best |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 16, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 17, 2022 to Oct 1, 2026 (3.9 years).
MEDI 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 3.9 years both funds cover.
MEDI vs QQQ Performance
Harbor Health Care ETF (MEDI) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MEDI returned +11.46% while QQQ returned +23.58%. Year to date, MEDI is up 3.49% versus a gain of 21.44% for QQQ.
Over three years, MEDI compounded at +14.99% per year against +27.86% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.85% annualized vs +14.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 16.1% for MEDI. 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 -19.2% for MEDI and -22.8% 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 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MEDI charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, MEDI currently yields 0.04% against 0.42% for QQQ.
Holdings Overlap
5.8% of MEDI's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings MEDI also owns.
MEDI and QQQ share little of their money.
4 positions in common, counted across the 44 positions we hold weights for in MEDI and 102 in QQQ, against full books of 90 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for MEDI (96.1% of the fund), and 36 for MEDI that do not appear in QQQ (86.8%).
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.
You are not choosing between two funds in isolation.
Whichever of MEDI 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, MEDI or QQQ?
MEDI has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, MEDI or QQQ?
Over the past year MEDI returned +11.46% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), MEDI annualized +14.51% vs +28.85% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MEDI or QQQ?
QQQ has been the more volatile fund at 18.1% annualized versus 16.1% for MEDI. Worst drawdown: MEDI -19.2% vs QQQ -22.8%.
Should I hold both MEDI and QQQ?
MEDI and QQQ have a monthly-return correlation of 0.42, 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 MEDI and QQQ?
5.8% of MEDI's money is in holdings QQQ also owns. 1.7% of QQQ's is in holdings MEDI also owns. They hold 4 positions in common, counted across the 44 positions we hold weights for in MEDI and 102 in QQQ.
Which pays a higher dividend, MEDI or QQQ?
MEDI yields 0.04% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than MEDI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 59.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.