PBD vs QQQ
Invesco Global Clean Energy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PBD delivered stronger 1-year returns. PBD offers more diversification with 110 holdings.
Side-by-Side Comparison
| Metric | PBD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $186M | $455.8B | |
| Dividend Yield | 1.55% | 0.41% | |
| Holdings | 126 | 108 | |
| YTD Return | +10.25% | +17.46% | |
| 1Y Return | +36.40% | +26.02% | |
| 3Y Return (annualized) | +2.67% | +25.51% | |
| 5Y Return (annualized) | -7.33% | +15.12% | |
| Volatility (annualized) | 29.4% | 30.6% | |
| Max Drawdown | -79.3% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 13, 2007 | Mar 10, 1999 |
PBD vs QQQ Performance
Invesco Global Clean Energy ETF (PBD) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PBD returned +36.40% while QQQ returned +26.02%. Year to date, PBD is up 10.25% versus a gain of 17.46% for QQQ.
Over three years, PBD compounded at +2.67% per year against +25.51% for QQQ; over five years the annualized figures are -7.33% and +15.12% respectively. Across the full 19-year window we track, QQQ has the edge at +13.08% annualized vs -1.09%. 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 29.4% for PBD. 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 -79.3% for PBD 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBD charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, PBD currently yields 1.55% against 0.41% for QQQ.
Holdings Overlap
PBD and QQQ share 0 holdings out of 213 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PBD or QQQ?
PBD has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PBD or QQQ?
Over the past year PBD returned +36.40% vs +26.02% for QQQ, so PBD leads on 1-year performance. Over the longest common window we track (19 years), PBD annualized -1.09% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, PBD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.4% for PBD. Worst drawdown: PBD -79.3% vs QQQ -83.0%.
Should I hold both PBD and QQQ?
PBD and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PBD and QQQ?
PBD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 213 unique securities.
Which pays a higher dividend, PBD or QQQ?
PBD yields 1.55% while QQQ yields 0.41%, so PBD currently pays the higher dividend yield.
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