MEDX vs QQQ
Horizon Kinetics Medical ETF vs Invesco QQQ Trust, Series 1
Which is better, MEDX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
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 | MEDX | QQQ |
|---|---|---|
| Expense Ratio | 0.85% | 0.18%Best |
| AUM | $17M | $498.6B |
| Dividend Yield | 1.12% | 0.42% |
| Holdings | 68 | 321 |
| YTD Return | +4.43% | +22.67%Best |
| 1Y Return | +11.27% | +24.33%Best |
| 3Y Return (annualized) | +10.39% | +29.05%Best |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 14.3%Best | 16.9% |
| Max Drawdown | -21.6%Best | -22.8% |
| $10,000 over 3.7 years | $12,358 | $26,204Best |
| Fund Family | Horizon Kinetics LLC | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 27, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 31, 2023 to Oct 2, 2026 (3.7 years).
MEDX 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 3.7 years both funds cover.
MEDX vs QQQ Performance
Horizon Kinetics Medical ETF (MEDX) is an ETF from Horizon Kinetics LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MEDX returned +11.27% while QQQ returned +24.33%. Year to date, MEDX is up 4.43% versus a gain of 22.67% for QQQ.
Over three years, MEDX compounded at +10.39% per year against +29.05% for QQQ. Across the full 4-year window we track, QQQ has the edge at +29.74% annualized vs +5.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.3% for MEDX. 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 -21.6% for MEDX 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 0.29. They move largely independently of each other.
Fees and Cost Over Time
MEDX charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, MEDX currently yields 1.12% against 0.42% for QQQ.
Holdings Overlap
At least 1.5% of QQQ's money is in holdings MEDX also owns.
Stated as a floor: for MEDX, our book for it covers 91.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and MEDX share little of their money.
4 positions in common, counted across the 31 positions we hold weights for in MEDX and 102 in QQQ, against full books of 68 and 321.
You are not choosing between two funds in isolation.
Whichever of MEDX 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, MEDX or QQQ?
MEDX has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, MEDX or QQQ?
Over the past year MEDX returned +11.27% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), MEDX annualized +5.89% vs +29.74% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MEDX or QQQ?
QQQ has been the more volatile fund at 16.9% annualized versus 14.3% for MEDX. Worst drawdown: MEDX -21.6% vs QQQ -22.8%.
Should I hold both MEDX and QQQ?
MEDX and QQQ have a monthly-return correlation of 0.29, 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 MEDX and QQQ?
At least 1.5% of QQQ's money is in holdings MEDX also owns. Our book for MEDX is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 31 positions we hold weights for in MEDX and 102 in QQQ.
Which pays a higher dividend, MEDX or QQQ?
MEDX yields 1.12% while QQQ yields 0.42%, so MEDX currently pays the higher dividend yield.
Is QQQ better than MEDX?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.