OAKM vs QQQ
Oakmark US Large Cap ETF vs Invesco QQQ Trust, Series 1
Which is better, OAKM or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. OAKM is less concentrated, with 35.1% of the fund in its ten largest positions against 47.2%.
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 | OAKM | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $1.1B | $498.6B |
| Dividend Yield | 0.60% | 0.42% |
| Holdings | 41 | 321 |
| YTD Return | +3.41% | +22.67%Best |
| 1Y Return | +11.28% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 12.2%Best | 19.1% |
| Max Drawdown | -15.2%Best | -22.8% |
| $10,000 over 1.8 years | $11,953 | $14,560Best |
| Top 10 Weight | 35.1%Best | 47.2% |
| Fund Family | Oakmark Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 3, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 3, 2024 to Oct 2, 2026 (1.8 years).
OAKM 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 1.8 years both funds cover.
OAKM vs QQQ Performance
Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OAKM returned +11.28% while QQQ returned +24.33%. Year to date, OAKM is up 3.41% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 12.2% for OAKM. 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 -15.2% for OAKM 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 0.13. They move largely independently of each other.
Fees and Cost Over Time
OAKM 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, OAKM currently yields 0.60% against 0.42% for QQQ.
Holdings Overlap
17.0% of OAKM's money is in holdings QQQ also owns. 15.6% of QQQ's money is in holdings OAKM also owns.
OAKM and QQQ share little of their money.
8 positions in common, counted across the 39 positions we hold weights for in OAKM and 102 in QQQ, against full books of 41 and 321.
What only one of them owns
Our book lists 88 positions for QQQ that do not appear in our book for OAKM (82.1% of the fund), and 27 for OAKM that do not appear in QQQ (74.2%).
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
| Stock | Weight in OAKM | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 1.57% | 4.41% | 2.84% |
| METAMeta Platforms Inc | 2.05% | 3.07% | 1.02% |
| GOOGAlphabet Inc. C | 1.88% | 2.93% | 1.05% |
| ABNBAirbnb Inc | 3.65% | 0.31% | 3.34% |
| NFLXNetflix, Inc. | 2.40% | 1.44% | 0.96% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 3.45% | 0.19% | 3.26% |
| GOOGLAlphabet Inc,class A | 0.26% | 3.15% | 2.89% |
| GEHCGe Healthcare Technologies Inc | 1.76% | 0.13% | 1.63% |
You are not choosing between two funds in isolation.
Whichever of OAKM 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, OAKM or QQQ?
OAKM 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.
Which performed better, OAKM or QQQ?
Over the past year OAKM returned +11.28% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), OAKM annualized +10.42% vs +23.21% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OAKM or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 12.2% for OAKM. Worst drawdown: OAKM -15.2% vs QQQ -22.8%.
Should I hold both OAKM and QQQ?
OAKM and QQQ have a monthly-return correlation of 0.13, 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 OAKM and QQQ?
17.0% of OAKM's money is in holdings QQQ also owns. 15.6% of QQQ's is in holdings OAKM also owns. They hold 8 positions in common, counted across the 39 positions we hold weights for in OAKM and 102 in QQQ.
Which pays a higher dividend, OAKM or QQQ?
OAKM yields 0.60% while QQQ yields 0.42%, so OAKM currently pays the higher dividend yield.
Is QQQ better than OAKM?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. OAKM is less concentrated, with 35.1% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.