NVIR vs QQQ
Horizon Kinetics Energy Remediation ETF vs Invesco QQQ Trust, Series 1
Which is better, NVIR or QQQ?
Energy against Large Cap Growth.
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 47.5%.
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 | NVIR | QQQ |
|---|---|---|
| Expense Ratio | 0.85% | 0.18%Best |
| AUM | $5M | $498.6B |
| Dividend Yield | 0.74% | 0.42% |
| Holdings | 82 | 321 |
| YTD Return | +16.25% | +22.67%Best |
| 1Y Return | +18.94% | +24.33%Best |
| 3Y Return (annualized) | +14.95% | +29.05%Best |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 15.0%Best | 17.1% |
| Max Drawdown | -22.5%Best | -22.8% |
| $10,000 over 3.6 years | $16,205 | $25,966Best |
| Top 10 Weight | 47.5% | 47.2%Best |
| Fund Family | Horizon Kinetics LLC | Invesco (US) |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Growth |
| Inception | Feb 21, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 22, 2023 to Oct 2, 2026 (3.6 years).
NVIR 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 3.6 years both funds cover.
NVIR vs QQQ Performance
Horizon Kinetics Energy Remediation ETF (NVIR) is an ETF from Horizon Kinetics LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NVIR returned +18.94% while QQQ returned +24.33%. Year to date, NVIR is up 16.25% versus a gain of 22.67% for QQQ.
Over three years, NVIR compounded at +14.95% per year against +29.05% for QQQ. Across the full 4-year window we track, QQQ has the edge at +30.35% annualized vs +14.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.0% 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 -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 0.00. They move largely independently of each other.
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 0.74% against 0.42% for QQQ.
Holdings Overlap
4.5% of NVIR's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings NVIR also owns.
NVIR and QQQ share little of their money.
2 positions in common, counted across the 39 positions we hold weights for in NVIR and 102 in QQQ, against full books of 82 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for NVIR (97.3% of the fund), and 31 for NVIR that do not appear in QQQ (72.5%).
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 NVIR 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, NVIR or QQQ?
NVIR 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, NVIR or QQQ?
Over the past year NVIR returned +18.94% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), NVIR annualized +14.35% vs +30.35% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVIR or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 15.0% for NVIR. Worst drawdown: NVIR -22.5% vs QQQ -22.8%.
Should I hold both NVIR and QQQ?
NVIR and QQQ have a monthly-return correlation of 0.00, 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 NVIR and QQQ?
4.5% of NVIR's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings NVIR also owns. They hold 2 positions in common, counted across the 39 positions we hold weights for in NVIR and 102 in QQQ.
Which pays a higher dividend, NVIR or QQQ?
NVIR yields 0.74% while QQQ yields 0.42%, so NVIR currently pays the higher dividend yield.
Is QQQ better than NVIR?
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 47.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.