NVIR vs QQQ
Horizon Kinetics Energy Remediation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NVIR delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NVIR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $5M | $496.3B | |
| Dividend Yield | 0.76% | 0.44% | |
| Holdings | 41 | 108 | |
| YTD Return | +22.66% | +16.64% | |
| 1Y Return | +35.55% | +27.27% | |
| 3Y Return (annualized) | +15.82% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 14.7% | 30.6% | |
| Max Drawdown | -22.5% | -83.0% | |
| Fund Family | Horizon Kinetics LLC | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Feb 21, 2023 | Mar 10, 1999 |
NVIR vs QQQ Performance
Horizon Kinetics Energy Remediation ETF (NVIR) is a ETF from Horizon Kinetics LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NVIR returned +35.55% while QQQ returned +27.27%. Year to date, NVIR is up 22.66% versus a gain of 16.64% for QQQ.
Over three years, NVIR compounded at +15.82% per year against +25.96% for QQQ. Across the full 4-year window we track, NVIR has the edge at +16.64% annualized vs +13.03%. 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 14.7% for NVIR. 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 -22.5% for NVIR 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVIR 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, NVIR currently yields 0.76% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, NVIR or QQQ?
NVIR has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, NVIR or QQQ?
Over the past year NVIR returned +35.55% vs +27.27% for QQQ, so NVIR leads on 1-year performance. Over the longest common window we track (4 years), NVIR annualized +16.64% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NVIR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.7% for NVIR. Worst drawdown: NVIR -22.5% vs QQQ -83.0%.
Should I hold both NVIR and QQQ?
NVIR and QQQ have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVIR and QQQ?
NVIR and QQQ share 2 common holdings with a 0.4% weight overlap. Combined, they hold 139 unique securities.
Which pays a higher dividend, NVIR or QQQ?
NVIR yields 0.76% while QQQ yields 0.44%, so NVIR currently pays the higher dividend yield.
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