PDP vs QQQ
Invesco Dorsey Wright Momentum ETF vs Invesco QQQ Trust, Series 1
Which is better, PDP or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PDP is less concentrated, with 24.2% of the fund in its ten largest positions against 46.5%.
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 | PDP | QQQ |
|---|---|---|
| Expense Ratio | 0.62% | 0.18%Best |
| AUM | $1.4B | $483.5B |
| Dividend Yield | 0.08% | 0.44% |
| Holdings | 103 | 107 |
| YTD Return | +14.95% | +17.11%Best |
| 1Y Return | +19.82% | +23.99%Best |
| 3Y Return (annualized) | +19.54% | +24.62%Best |
| 5Y Return (annualized) | +8.02% | +14.23%Best |
| Volatility (annualized) | 18.3%Best | 18.8% |
| Max Drawdown | -59.3% | -53.5%Best |
| $10,000 over 5 years | $14,707 | $19,449Best |
| Top 10 Weight | 24.2%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 1, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2007 to Sep 9, 2026 (19.5 years).
PDP 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 19.5 years both funds cover.
PDP vs QQQ Performance
Invesco Dorsey Wright Momentum ETF (PDP) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PDP returned +19.82% while QQQ returned +23.99%. Year to date, PDP is up 14.95% versus a gain of 17.11% for QQQ.
Over three years, PDP compounded at +19.54% per year against +24.62% for QQQ; over five years the annualized figures are +8.02% and +14.23% respectively. Across the full 20-year window we track, QQQ has the edge at +15.67% annualized vs +9.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 18.3% for PDP. 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 -59.3% for PDP and -53.5% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDP charges 0.62% per year while QQQ charges 0.18%. On a $10,000 position that is $62 vs $18 annually, a gap of $44 per year that compounds over a long holding period. On income, PDP currently yields 0.08% against 0.44% for QQQ.
Holdings Overlap
26.8% of PDP's money is in holdings QQQ also owns. 38.1% of QQQ's money is in holdings PDP also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 101 positions we hold weights for in PDP and 102 in QQQ, against full books of 103 and 107.
What only one of them owns
Our book lists 72 positions for QQQ that do not appear in our book for PDP (58.9% of the fund), and 77 for PDP that do not appear in QQQ (72.3%).
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 PDP | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.29% | 7.27% | 3.98% |
| MUMicron Technology, Inc. | 1.80% | 4.43% | 2.63% |
| GOOGLAlphabet Inc,class A | 1.26% | 3.36% | 2.10% |
| AMDAdvanced Micro Devices Inc | 1.05% | 3.45% | 2.40% |
| AMATApplied Materials Inc | 1.86% | 1.86% | 0.00% |
| COSTCostco Wholesale Corp. | 1.36% | 1.84% | 0.48% |
| INTCIntel Corporation | 0.96% | 2.23% | 1.27% |
| SNDKSandisk Corp/De | 2.20% | 0.88% | 1.32% |
| LRCXLrcx Uw Equity | 1.17% | 1.69% | 0.52% |
| WDCWestern Digital Corp. | 1.97% | 0.79% | 1.18% |
38.1% of QQQ is already inside PDP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PDP or QQQ?
PDP has an expense ratio of 0.62% while QQQ charges 0.18%. QQQ is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, PDP or QQQ?
Over the past year PDP returned +19.82% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), PDP annualized +9.65% vs +15.67% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDP or QQQ?
QQQ has been the more volatile fund at 18.8% annualized versus 18.3% for PDP. Worst drawdown: PDP -59.3% vs QQQ -53.5%.
Should I hold both PDP and QQQ?
PDP and QQQ have a monthly-return correlation of 0.87, 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 PDP and QQQ?
38.1% of QQQ's money is in holdings PDP also owns. 38.1% of QQQ's is in holdings PDP also owns. They hold 23 positions in common, counted across the 101 positions we hold weights for in PDP and 102 in QQQ.
Which pays a higher dividend, PDP or QQQ?
PDP yields 0.08% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than PDP?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PDP is less concentrated, with 24.2% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.