OAKL vs QQQ
Oakmark US Concentrated ETF vs Invesco QQQ Trust, Series 1
Which is better, OAKL or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 57.0%.
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 | OAKL | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $334M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 27 | 208 |
| YTD Return | +6.77% | +7.37%Best |
| 1Y Return | - | +7.77% |
| 3Y Return (annualized) | - | +21.44% |
| 5Y Return (annualized) | - | +11.19% |
| Top 10 Weight | 57.0% | 46.9%Best |
| Fund Family | Oakmark Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 5, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
OAKL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OAKL vs QQQ Performance
Oakmark US Concentrated ETF (OAKL) is an ETF from Oakmark Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, OAKL is up 6.77% versus a gain of 7.37% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
OAKL charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, OAKL currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
17.4% of OAKL's money is in holdings QQQ also owns. 10.0% of QQQ's money is in holdings OAKL also owns.
OAKL and QQQ share little of their money.
5 positions in common, counted across the 27 positions we hold weights for in OAKL and 101 in QQQ, against full books of 27 and 208.
What only one of them owns
Measured across the 27 and 101 positions we hold weights for.
QQQ holds 89 positions OAKL does not, 87.2% of the fund.
Largest: NVDA 8.05%, AAPL 7.68%, MSFT 6.16%, MU 4.47%, AMZN 4.23%
You are not choosing between two funds in isolation.
Whichever of OAKL 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, OAKL or QQQ?
OAKL has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
What is the holdings overlap between OAKL and QQQ?
17.4% of OAKL's money is in holdings QQQ also owns. 10.0% of QQQ's is in holdings OAKL also owns. They hold 5 positions in common, counted across the 27 positions we hold weights for in OAKL and 101 in QQQ.
Which pays a higher dividend, OAKL or QQQ?
OAKL yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than OAKL?
QQQ has a lower expense ratio. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.