NXTE vs QQQ
AXS Green Alpha ETF vs Invesco QQQ Trust, Series 1
Which is better, NXTE or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. NXTE led over 1Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 54.6%.
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 | NXTE | QQQ |
|---|---|---|
| Expense Ratio | 1.00% | 0.18%Best |
| AUM | $52M | $483.5B |
| Dividend Yield | 0.53% | 0.44% |
| Holdings | 60 | 107 |
| YTD Return | +20.34%Best | +16.87% |
| 1Y Return | +31.48%Best | +22.98% |
| 3Y Return (annualized) | +17.25% | +24.98%Best |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 27.3% | 18.0%Best |
| Max Drawdown | -28.6% | -22.8%Best |
| $10,000 over 4 years | $16,566 | $27,232Best |
| Top 10 Weight | 54.6% | 46.5%Best |
| Fund Family | AXS Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Sep 27, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 29, 2022 to Sep 11, 2026 (4 years).
NXTE 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 4 years both funds cover.
NXTE vs QQQ Performance
AXS Green Alpha ETF (NXTE) is an ETF from AXS Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NXTE returned +31.48% while QQQ returned +22.98%. Year to date, NXTE is up 20.34% versus a gain of 16.87% for QQQ.
Over three years, NXTE compounded at +17.25% per year against +24.98% for QQQ. Across the full 4-year window we track, QQQ has the edge at +28.46% annualized vs +13.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NXTE has been the more volatile fund, with annualized monthly volatility of 27.3% compared with 18.0% for QQQ. 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 -28.6% for NXTE 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NXTE charges 1.00% per year while QQQ charges 0.18%. On a $10,000 position that is $100 vs $18 annually, a gap of $82 per year that compounds over a long holding period. On income, NXTE currently yields 0.53% against 0.44% for QQQ.
Holdings Overlap
19.3% of NXTE's money is in holdings QQQ also owns. 6.7% of QQQ's money is in holdings NXTE also owns.
NXTE and QQQ share little of their money.
6 positions in common, counted across the 52 positions we hold weights for in NXTE and 102 in QQQ, against full books of 60 and 107.
What only one of them owns
Our book lists 90 positions for QQQ that do not appear in our book for NXTE (91.0% of the fund), and 38 for NXTE that do not appear in QQQ (44.8%).
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.
Top Shared Holdings
You are not choosing between two funds in isolation.
Whichever of NXTE 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, NXTE or QQQ?
NXTE has an expense ratio of 1.00% while QQQ charges 0.18%. QQQ is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, NXTE or QQQ?
Over the past year NXTE returned +31.48% vs +22.98% for QQQ, so NXTE leads on 1-year performance. Over the longest common window we track (4 years), NXTE annualized +13.45% vs +28.46% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NXTE or QQQ?
NXTE has been the more volatile fund at 27.3% annualized versus 18.0% for QQQ. Worst drawdown: NXTE -28.6% vs QQQ -22.8%.
Should I hold both NXTE and QQQ?
NXTE and QQQ have a monthly-return correlation of 0.82, 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 NXTE and QQQ?
19.3% of NXTE's money is in holdings QQQ also owns. 6.7% of QQQ's is in holdings NXTE also owns. They hold 6 positions in common, counted across the 52 positions we hold weights for in NXTE and 102 in QQQ.
Which pays a higher dividend, NXTE or QQQ?
NXTE yields 0.53% while QQQ yields 0.44%, so NXTE currently pays the higher dividend yield.
Is QQQ better than NXTE?
QQQ has a lower expense ratio. NXTE led over 1Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 54.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.