PRF vs QQQ
Invesco RAFI US 1000 ETF vs Invesco QQQ Trust, Series 1
Which is better, PRF or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. PRF led over 1Y, QQQ over 3Y, 5Y and the full window. PRF is less concentrated, with 22.6% 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 | PRF | QQQ |
|---|---|---|
| Expense Ratio | 0.34% | 0.18%Best |
| AUM | $10.0B | $483.5B |
| Dividend Yield | 1.33% | 0.44% |
| Holdings | 1,003 | 107 |
| YTD Return | +18.54%Best | +17.21% |
| 1Y Return | +25.55%Best | +22.10% |
| 3Y Return (annualized) | +20.89% | +25.27%Best |
| 5Y Return (annualized) | +13.54% | +14.60%Best |
| Volatility (annualized) | 16.6%Best | 18.5% |
| Max Drawdown | -61.6% | -53.5%Best |
| $10,000 over 5 years | $18,869 | $19,766Best |
| Top 10 Weight | 22.6%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 19, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2005 to Sep 17, 2026 (20.7 years).
PRF 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 20.7 years both funds cover.
PRF vs QQQ Performance
Invesco RAFI US 1000 ETF (PRF) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PRF returned +25.55% while QQQ returned +22.10%. Year to date, PRF is up 18.54% versus a gain of 17.21% for QQQ.
Over three years, PRF compounded at +20.89% per year against +25.27% for QQQ; over five years the annualized figures are +13.54% and +14.60% respectively. Across the full 21-year window we track, QQQ has the edge at +14.98% annualized vs +9.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 16.6% for PRF. 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 -61.6% for PRF 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PRF charges 0.34% per year while QQQ charges 0.18%. On a $10,000 position that is $34 vs $18 annually, a gap of $16 per year that compounds over a long holding period. On income, PRF currently yields 1.33% against 0.44% for QQQ.
Holdings Overlap
29.5% of PRF's money is in holdings QQQ also owns. 86.5% of QQQ's money is in holdings PRF also owns.
Most of QQQ is already inside PRF. Owning both mostly buys the same companies twice.
83 positions in common, counted across the 905 positions we hold weights for in PRF and 102 in QQQ, against full books of 1,003 and 107.
What only one of them owns
Our book lists 13 positions for QQQ that do not appear in our book for PRF (11.0% of the fund), and 792 for PRF that do not appear in QQQ (67.1%).
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 PRF | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.37% | 7.27% | 2.90% |
| NVDANvidia Corp | 0.64% | 8.44% | 7.80% |
| MSFTMicrosoft Corp | 2.82% | 5.76% | 2.94% |
| AMZNAmazon.Com Inc | 2.19% | 4.67% | 2.48% |
| GOOGLAlphabet Inc,class A | 3.42% | 3.36% | 0.06% |
| MUMicron Technology, Inc. | 1.01% | 4.43% | 3.42% |
| METAMeta Platforms Inc | 1.39% | 2.78% | 1.39% |
| INTCIntel Corporation | 1.73% | 2.23% | 0.50% |
| AVGOBroadcom Inc | 0.52% | 3.16% | 2.64% |
| WMTWalmart, Inc. | 0.70% | 2.41% | 1.71% |
86.5% of QQQ is already inside PRF.
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, PRF or QQQ?
PRF has an expense ratio of 0.34% while QQQ charges 0.18%. QQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, PRF or QQQ?
Over the past year PRF returned +25.55% vs +22.10% for QQQ, so PRF leads on 1-year performance. Over the longest common window we track (21 years), PRF annualized +9.18% vs +14.98% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRF or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 16.6% for PRF. Worst drawdown: PRF -61.6% vs QQQ -53.5%.
Should I hold both PRF and QQQ?
PRF and QQQ have a monthly-return correlation of 0.80, 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 PRF and QQQ?
86.5% of QQQ's money is in holdings PRF also owns. 86.5% of QQQ's is in holdings PRF also owns. They hold 83 positions in common, counted across the 905 positions we hold weights for in PRF and 102 in QQQ.
Which pays a higher dividend, PRF or QQQ?
PRF yields 1.33% while QQQ yields 0.44%, so PRF currently pays the higher dividend yield.
Is QQQ better than PRF?
QQQ has a lower expense ratio. PRF led over 1Y, QQQ over 3Y, 5Y and the full window. PRF is less concentrated, with 22.6% 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.