PKB vs QQQ
Invesco Building and Construction ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PKB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.18% | |
| AUM | $441M | $455.8B | |
| Dividend Yield | 0.17% | 0.41% | |
| Holdings | 33 | 108 | |
| YTD Return | +9.83% | +19.68% | |
| 1Y Return | +12.89% | +26.75% | |
| 3Y Return (annualized) | +23.03% | +26.25% | |
| 5Y Return (annualized) | +15.72% | +15.39% | |
| Volatility (annualized) | 24.7% | 30.6% | |
| Max Drawdown | -65.3% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Mar 10, 1999 |
PKB vs QQQ Performance
Invesco Building and Construction ETF (PKB) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PKB returned +12.89% while QQQ returned +26.75%. Year to date, PKB is up 9.83% versus a gain of 19.68% for QQQ.
Over three years, PKB compounded at +23.03% per year against +26.25% for QQQ; over five years the annualized figures are +15.72% and +15.39% respectively. Across the full 21-year window we track, QQQ has the edge at +13.15% annualized vs +9.75%. 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 24.7% for PKB. 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 -65.3% for PKB 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PKB charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, PKB currently yields 0.17% against 0.41% for QQQ.
Holdings Overlap
PKB and QQQ share 0 holdings out of 134 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, PKB or QQQ?
PKB has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, PKB or QQQ?
Over the past year PKB returned +12.89% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), PKB annualized +9.75% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, PKB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.7% for PKB. Worst drawdown: PKB -65.3% vs QQQ -83.0%.
Should I hold both PKB and QQQ?
PKB and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PKB and QQQ?
PKB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, PKB or QQQ?
PKB yields 0.17% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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