PQUS vs QQQ
Pictet AI Enhanced US Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, PQUS or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. PQUS is less concentrated, with 37.5% 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 | PQUS | QQQ |
|---|---|---|
| Expense Ratio | 0.22% | 0.18%Best |
| AUM | $148M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 170 | 107 |
| YTD Return | +12.05% | +15.94%Best |
| 1Y Return | - | +20.44% |
| 3Y Return (annualized) | - | +24.86% |
| 5Y Return (annualized) | - | +14.26% |
| Top 10 Weight | 37.5%Best | 46.5% |
| Fund Family | Pictet Asset Management Ltd. (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Feb 25, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
PQUS 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PQUS vs QQQ Performance
Pictet AI Enhanced US Equity ETF (PQUS) is an ETF from Pictet Asset Management Ltd. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, PQUS is up 12.05% versus a gain of 15.94% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
PQUS charges 0.22% per year while QQQ charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, PQUS currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
56.3% of PQUS's money is in holdings QQQ also owns. 83.1% of QQQ's money is in holdings PQUS also owns.
Most of QQQ is already inside PQUS. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 179 positions we hold weights for in PQUS and 102 in QQQ, against full books of 170 and 107.
What only one of them owns
Our book lists 41 positions for QQQ that do not appear in our book for PQUS (14.4% of the fund), and 120 for PQUS that do not appear in QQQ (41.7%).
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 PQUS | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.74% | 8.44% | 0.70% |
| AAPLApple, Inc | 6.83% | 7.27% | 0.44% |
| MSFTMicrosoft Corp | 5.32% | 5.76% | 0.44% |
| AMZNAmazon.Com Inc | 3.48% | 4.67% | 1.19% |
| MUMicron Technology, Inc. | 1.67% | 4.43% | 2.76% |
| GOOGLAlphabet Inc,class A | 2.64% | 3.36% | 0.72% |
| AVGOBroadcom Inc | 2.54% | 3.16% | 0.62% |
| GOOGAlphabet Inc | 2.43% | 3.13% | 0.70% |
| METAMeta Platforms Inc | 2.04% | 2.78% | 0.74% |
| AMDAdvanced Micro Devices Inc | 1.35% | 3.45% | 2.10% |
83.1% of QQQ is already inside PQUS.
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, PQUS or QQQ?
PQUS has an expense ratio of 0.22% while QQQ charges 0.18%. QQQ is the cheaper option, by $4 a year on a $10,000 investment.
What is the holdings overlap between PQUS and QQQ?
83.1% of QQQ's money is in holdings PQUS also owns. 83.1% of QQQ's is in holdings PQUS also owns. They hold 55 positions in common, counted across the 179 positions we hold weights for in PQUS and 102 in QQQ.
Which pays a higher dividend, PQUS or QQQ?
PQUS yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than PQUS?
QQQ has a lower expense ratio. PQUS is less concentrated, with 37.5% 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.