OAIM vs QQQ
OneAscent International Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | OAIM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.18% | |
| AUM | $359M | $455.8B | |
| Dividend Yield | 0.86% | 0.41% | |
| Holdings | 61 | 108 | |
| YTD Return | +14.61% | +18.31% | |
| 1Y Return | +22.45% | +25.37% | |
| 3Y Return (annualized) | +18.25% | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 13.7% | 30.6% | |
| Max Drawdown | -14.7% | -83.0% | |
| Fund Family | OneAscent Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 14, 2022 | Mar 10, 1999 |
OAIM vs QQQ Performance
OneAscent International Equity ETF (OAIM) is a ETF from OneAscent Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OAIM returned +22.45% while QQQ returned +25.37%. Year to date, OAIM is up 14.61% versus a gain of 18.31% for QQQ.
Over three years, OAIM compounded at +18.25% per year against +25.79% for QQQ. Across the full 4-year window we track, OAIM has the edge at +20.22% annualized vs +13.10%. 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 13.7% for OAIM. 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 -14.7% for OAIM 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OAIM charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, OAIM currently yields 0.86% against 0.41% for QQQ.
Holdings Overlap
OAIM and QQQ share 1 holdings out of 149 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OAIM | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:AS | 3.86% | 0.70% | 3.16% |
Frequently Asked Questions
Which is cheaper, OAIM or QQQ?
OAIM has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, OAIM or QQQ?
Over the past year OAIM returned +22.45% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), OAIM annualized +20.22% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, OAIM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.7% for OAIM. Worst drawdown: OAIM -14.7% vs QQQ -83.0%.
Should I hold both OAIM and QQQ?
OAIM and QQQ have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OAIM and QQQ?
OAIM and QQQ share 1 common holdings with a 0.7% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, OAIM or QQQ?
OAIM yields 0.86% while QQQ yields 0.41%, so OAIM currently pays the higher dividend yield.
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