MODL vs QQQ
VictoryShares WestEnd US Sector ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. MODL offers more diversification with 371 holdings.
Side-by-Side Comparison
| Metric | MODL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.18% | |
| AUM | $1.1B | $496.3B | |
| Dividend Yield | 0.69% | 0.44% | |
| Holdings | 371 | 108 | |
| YTD Return | +11.90% | +17.07% | |
| 1Y Return | +20.36% | +26.39% | |
| 3Y Return (annualized) | +21.17% | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | 12.5% | 30.6% | |
| Max Drawdown | -17.6% | -83.0% | |
| Fund Family | Victory Capital Management Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 11, 2022 | Mar 10, 1999 |
MODL vs QQQ Performance
VictoryShares WestEnd US Sector ETF (MODL) is a ETF from Victory Capital Management Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MODL returned +20.36% while QQQ returned +26.39%. Year to date, MODL is up 11.90% versus a gain of 17.07% for QQQ.
Over three years, MODL compounded at +21.17% per year against +26.08% for QQQ. Across the full 4-year window we track, MODL has the edge at +22.74% annualized vs +13.05%. 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 12.5% for MODL. 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 -17.6% for MODL 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MODL charges 0.46% per year while QQQ charges 0.18%. On a $10,000 position that is $46 vs $18 annually, a gap of $28 per year that compounds over a long holding period. On income, MODL currently yields 0.69% against 0.44% for QQQ.
Holdings Overlap
MODL and QQQ share 72 holdings out of 391 unique holdings combined, representing a 44.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MODL or QQQ?
MODL has an expense ratio of 0.46% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, MODL or QQQ?
Over the past year MODL returned +20.36% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), MODL annualized +22.74% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, MODL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.5% for MODL. Worst drawdown: MODL -17.6% vs QQQ -83.0%.
Should I hold both MODL and QQQ?
MODL and QQQ have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MODL and QQQ?
MODL and QQQ share 72 common holdings with a 44.1% weight overlap. Combined, they hold 391 unique securities.
Which pays a higher dividend, MODL or QQQ?
MODL yields 0.69% while QQQ yields 0.44%, so MODL currently pays the higher dividend yield.
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