PPIE vs QQQ
Putnam PanAgora ESG International Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, PPIE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. PPIE led over 1Y, QQQ over the full window. PPIE is less concentrated, with 26.8% of the fund in its ten largest positions against 47.2%.
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 | PPIE | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $4M | $498.6B |
| Dividend Yield | 12.07% | 0.42% |
| Holdings | 142 | 321 |
| Volatility (annualized) | 12.1%Best | 17.3% |
| Max Drawdown | -13.6%Best | -22.8% |
| $10,000 over 3.4 years | $17,025 | $25,635Best |
| Top 10 Weight | 26.8%Best | 47.2% |
| Fund Family | Putnam Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 19, 2023 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 115 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. PPIE has data through Jun 9, 2026 and QQQ through Oct 2, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jan 20, 2023 to Jun 9, 2026 (3.4 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.1% for PPIE. 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 -13.6% for PPIE and -22.8% 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 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PPIE charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, PPIE currently yields 12.07% against 0.42% for QQQ.
Holdings Overlap
3.6% of PPIE's money is in holdings QQQ also owns. 0.7% of QQQ's money is in holdings PPIE also owns.
PPIE and QQQ share little of their money.
The two holdings books were reported 200 days apart, PPIE as of Feb 27, 2026 and QQQ as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 137 positions we hold weights for in PPIE and 102 in QQQ, against full books of 142 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for PPIE (97.8% of the fund), and 4 for PPIE that do not appear in QQQ (4.8%).
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 PPIE | Weight in QQQ | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 3.63% | 0.69% | 2.94% |
You are not choosing between two funds in isolation.
Whichever of PPIE 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, PPIE or QQQ?
PPIE has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which is riskier, PPIE or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 12.1% for PPIE. Worst drawdown: PPIE -13.6% vs QQQ -22.8%.
Should I hold both PPIE and QQQ?
PPIE and QQQ have a monthly-return correlation of 0.49, 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 PPIE and QQQ?
3.6% of PPIE's money is in holdings QQQ also owns. 0.7% of QQQ's is in holdings PPIE also owns. They hold 1 positions in common, counted across the 137 positions we hold weights for in PPIE and 102 in QQQ.
Which pays a higher dividend, PPIE or QQQ?
PPIE yields 12.07% while QQQ yields 0.42%, so PPIE currently pays the higher dividend yield.
Is QQQ better than PPIE?
QQQ has a lower expense ratio. PPIE led over 1Y, QQQ over the full window. PPIE is less concentrated, with 26.8% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.