PEO vs QQQ
Adams Natural Resources Fund vs Invesco QQQ Trust, Series 1
Which is better, PEO or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. PEO led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 69.7%.
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 | PEO | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $740M | $437.3B |
| Dividend Yield | 10.44% | 0.43% |
| Holdings | 52 | 208 |
| YTD Return | +24.46%Best | +10.43% |
| 1Y Return | +26.00%Best | +8.78% |
| 3Y Return (annualized) | +16.61% | +22.14%Best |
| 5Y Return (annualized) | +17.28%Best | +12.29% |
| Volatility (annualized) | 23.2%Best | 30.5% |
| Max Drawdown | -70.9%Best | -83.0% |
| $10,000 over 5 years | $22,188Best | $17,853 |
| Top 10 Weight | 69.7% | 46.9%Best |
| Fund Family | Adams Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jan 30, 1929 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Nov 10, 2026 (27.7 years).
PEO 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 27.7 years both funds cover.
PEO vs QQQ Performance
Adams Natural Resources Fund (PEO) is an ETF from Adams Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PEO returned +26.00% while QQQ returned +8.78%. Year to date, PEO is up 24.46% versus a gain of 10.43% for QQQ.
Over three years, PEO compounded at +16.61% per year against +22.14% for QQQ; over five years the annualized figures are +17.28% and +12.29% respectively. Across the full 28-year window we track, QQQ has the edge at +12.70% 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 30.5% compared with 23.2% for PEO. 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 -70.9% for PEO and -83.0% 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 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PEO charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, PEO currently yields 10.44% against 0.43% for QQQ.
Holdings Overlap
6.1% of PEO's money is in holdings QQQ also owns. 1.4% of QQQ's money is in holdings PEO also owns.
PEO and QQQ share little of their money.
3 positions in common, counted across the 52 positions we hold weights for in PEO and 101 in QQQ, against full books of 52 and 208.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for PEO (95.8% of the fund), and 44 for PEO that do not appear in QQQ (91.0%).
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.
You are not choosing between two funds in isolation.
Whichever of PEO 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, PEO or QQQ?
PEO has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, PEO or QQQ?
Over the past year PEO returned +26.00% vs +8.78% for QQQ, so PEO leads on 1-year performance. Over the longest common window we track (28 years), PEO annualized +9.65% vs +12.70% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PEO or QQQ?
QQQ has been the more volatile fund at 30.5% annualized versus 23.2% for PEO. Worst drawdown: PEO -70.9% vs QQQ -83.0%.
Should I hold both PEO and QQQ?
PEO and QQQ have a monthly-return correlation of 0.36, 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 PEO and QQQ?
6.1% of PEO's money is in holdings QQQ also owns. 1.4% of QQQ's is in holdings PEO also owns. They hold 3 positions in common, counted across the 52 positions we hold weights for in PEO and 101 in QQQ.
Which pays a higher dividend, PEO or QQQ?
PEO yields 10.44% while QQQ yields 0.43%, so PEO currently pays the higher dividend yield.
Is QQQ better than PEO?
QQQ has a lower expense ratio. PEO led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 69.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.