PKW vs QQQ
Invesco BuyBack Achievers ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PKW offers more diversification with 227 holdings.
Side-by-Side Comparison
| Metric | PKW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.18% | |
| AUM | $1.8B | $496.3B | |
| Dividend Yield | 0.77% | 0.44% | |
| Holdings | 227 | 108 | |
| YTD Return | +11.83% | +16.64% | |
| 1Y Return | +18.53% | +27.27% | |
| 3Y Return (annualized) | +19.54% | +25.96% | |
| 5Y Return (annualized) | +11.19% | +14.54% | |
| Volatility (annualized) | 17.2% | 30.6% | |
| Max Drawdown | -55.3% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2006 | Mar 10, 1999 |
PKW vs QQQ Performance
Invesco BuyBack Achievers ETF (PKW) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PKW returned +18.53% while QQQ returned +27.27%. Year to date, PKW is up 11.83% versus a gain of 16.64% for QQQ.
Over three years, PKW compounded at +19.54% per year against +25.96% for QQQ; over five years the annualized figures are +11.19% and +14.54% respectively. Across the full 20-year window we track, QQQ has the edge at +13.03% annualized vs +9.89%. 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 17.2% 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 -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 0.78. 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 0.77% against 0.44% for QQQ.
Holdings Overlap
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PKW or QQQ?
Over the past year PKW returned +18.53% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), PKW annualized +9.89% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PKW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.2% for PKW. Worst drawdown: PKW -55.3% vs QQQ -83.0%.
Should I hold both PKW and QQQ?
PKW and QQQ have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PKW and QQQ?
PKW and QQQ share 2 common holdings with a 0.7% weight overlap. Combined, they hold 326 unique securities.
Which pays a higher dividend, PKW or QQQ?
PKW yields 0.77% while QQQ yields 0.44%, so PKW currently pays the higher dividend yield.
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