PNQI vs QQQ
Invesco Nasdaq Internet ETF vs Invesco QQQ Trust, Series 1
Which is better, PNQI or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 59.6%.
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 | PNQI | QQQ |
|---|---|---|
| Expense Ratio | 0.60% | 0.18%Best |
| AUM | $530M | $498.6B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 160 | 321 |
| YTD Return | -3.33% | +24.01%Best |
| 1Y Return | -7.50% | +25.94%Best |
| 3Y Return (annualized) | +18.48% | +28.16%Best |
| 5Y Return (annualized) | +1.28% | +16.56%Best |
| Volatility (annualized) | 22.9% | 18.6%Best |
| Max Drawdown | -59.7% | -47.6%Best |
| $10,000 over 5 years | $10,657 | $21,515Best |
| Top 10 Weight | 59.6% | 47.2%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 12, 2008 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2008 to Oct 7, 2026 (18.3 years).
PNQI 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 18.3 years both funds cover.
PNQI vs QQQ Performance
Invesco Nasdaq Internet ETF (PNQI) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PNQI returned -7.50% while QQQ returned +25.94%. Year to date, PNQI is down 3.33% versus a gain of 24.01% for QQQ.
Over three years, PNQI compounded at +18.48% per year against +28.16% for QQQ; over five years the annualized figures are +1.28% and +16.56% respectively. Across the full 18-year window we track, QQQ has the edge at +16.42% annualized vs +13.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNQI has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 18.6% for QQQ. 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 -59.7% for PNQI and -47.6% 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PNQI charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, PNQI currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
63.8% of PNQI's money is in holdings QQQ also owns. 29.0% of QQQ's money is in holdings PNQI also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 78 positions we hold weights for in PNQI and 102 in QQQ, against full books of 160 and 321.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for PNQI (69.5% of the fund), and 50 for PNQI that do not appear in QQQ (28.5%).
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.
Top Shared Holdings
| Stock | Weight in PNQI | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.20% | 7.80% | 0.40% |
| MSFTMicrosoft Corp | 8.48% | 5.88% | 2.60% |
| AMZNAmazon.Com Inc | 7.31% | 4.41% | 2.90% |
| METAMeta Platforms Inc | 7.89% | 3.07% | 4.82% |
| GOOGAlphabet Inc. C | 6.87% | 2.93% | 3.94% |
| NFLXNetflix, Inc. | 3.47% | 1.44% | 2.03% |
| SHOP:CAShopify Inc. Cl A | 4.18% | 0.69% | 3.49% |
| BKNGBooking Holdings, Inc. | 3.78% | 0.60% | 3.18% |
| ADBEAdobe Systems | 2.85% | 0.45% | 2.40% |
| MELIMercadolibre Inc | 2.69% | 0.42% | 2.27% |
63.8% of PNQI is already inside QQQ.
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, PNQI or QQQ?
PNQI has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, PNQI or QQQ?
Over the past year PNQI returned -7.50% vs +25.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (18 years), PNQI annualized +13.72% vs +16.42% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNQI or QQQ?
PNQI has been the more volatile fund at 22.9% annualized versus 18.6% for QQQ. Worst drawdown: PNQI -59.7% vs QQQ -47.6%.
Should I hold both PNQI and QQQ?
PNQI and QQQ have a monthly-return correlation of 0.84, 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 PNQI and QQQ?
63.8% of PNQI's money is in holdings QQQ also owns. 29.0% of QQQ's is in holdings PNQI also owns. They hold 14 positions in common, counted across the 78 positions we hold weights for in PNQI and 102 in QQQ.
Which pays a higher dividend, PNQI or QQQ?
PNQI yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than PNQI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.