PKW vs QQQ
Invesco BuyBack Achievers ETF vs Invesco QQQ Trust, Series 1
Which is better, PKW or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PKW is less concentrated, with 39.2% 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 | PKW | QQQ |
|---|---|---|
| Expense Ratio | 0.62% | 0.18%Best |
| AUM | $1.8B | $483.5B |
| Dividend Yield | 0.74% | 0.44% |
| Holdings | 227 | 107 |
| YTD Return | +11.92% | +16.87%Best |
| 1Y Return | +14.77% | +22.98%Best |
| 3Y Return (annualized) | +18.99% | +24.98%Best |
| 5Y Return (annualized) | +11.41% | +14.39%Best |
| Volatility (annualized) | 17.1%Best | 18.7% |
| Max Drawdown | -55.3% | -53.5%Best |
| $10,000 over 5 years | $17,164 | $19,586Best |
| Top 10 Weight | 39.2%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 20, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 20, 2006 to Sep 11, 2026 (19.7 years).
PKW 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 19.7 years both funds cover.
PKW vs QQQ Performance
Invesco BuyBack Achievers ETF (PKW) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PKW returned +14.77% while QQQ returned +22.98%. Year to date, PKW is up 11.92% versus a gain of 16.87% for QQQ.
Over three years, PKW compounded at +18.99% per year against +24.98% for QQQ; over five years the annualized figures are +11.41% and +14.39% respectively. Across the full 20-year window we track, QQQ has the edge at +15.41% annualized vs +9.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 17.1% for PKW. 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 -55.3% for PKW 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PKW 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, PKW currently yields 0.74% against 0.44% for QQQ.
Holdings Overlap
6.0% of PKW's money is in holdings QQQ also owns. 0.8% of QQQ's money is in holdings PKW also owns.
PKW and QQQ share little of their money.
3 positions in common, counted across the 279 positions we hold weights for in PKW and 102 in QQQ, against full books of 227 and 107.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for PKW (96.2% of the fund), and 262 for PKW that do not appear in QQQ (91.5%).
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 PKW 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, PKW or QQQ?
PKW 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, PKW or QQQ?
Over the past year PKW returned +14.77% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), PKW annualized +9.87% vs +15.41% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PKW or QQQ?
QQQ has been the more volatile fund at 18.7% annualized versus 17.1% for PKW. Worst drawdown: PKW -55.3% vs QQQ -53.5%.
Should I hold both PKW and QQQ?
PKW and QQQ have a monthly-return correlation of 0.78, 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 PKW and QQQ?
6.0% of PKW's money is in holdings QQQ also owns. 0.8% of QQQ's is in holdings PKW also owns. They hold 3 positions in common, counted across the 279 positions we hold weights for in PKW and 102 in QQQ.
Which pays a higher dividend, PKW or QQQ?
PKW yields 0.74% while QQQ yields 0.44%, so PKW currently pays the higher dividend yield.
Is QQQ better than PKW?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PKW is less concentrated, with 39.2% 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.