PTH vs QQQ
Invesco Dorsey Wright Healthcare Momentum ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PTH delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PTH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $231M | $455.8B | |
| Dividend Yield | 2.56% | 0.41% | |
| Holdings | 59 | 108 | |
| YTD Return | +21.80% | +17.46% | |
| 1Y Return | +62.10% | +26.02% | |
| 3Y Return (annualized) | +19.32% | +25.51% | |
| 5Y Return (annualized) | +2.54% | +15.12% | |
| Volatility (annualized) | 21.8% | 30.6% | |
| Max Drawdown | -53.5% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Mar 10, 1999 |
PTH vs QQQ Performance
Invesco Dorsey Wright Healthcare Momentum ETF (PTH) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PTH returned +62.10% while QQQ returned +26.02%. Year to date, PTH is up 21.80% versus a gain of 17.46% for QQQ.
Over three years, PTH compounded at +19.32% per year against +25.51% for QQQ; over five years the annualized figures are +2.54% and +15.12% respectively. Across the full 20-year window we track, QQQ has the edge at +13.08% annualized vs +10.77%. 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 21.8% for PTH. 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 -53.5% for PTH 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PTH 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, PTH currently yields 2.56% against 0.41% for QQQ.
Holdings Overlap
PTH and QQQ share 1 holdings out of 160 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PTH | Weight in QQQ | Difference |
|---|---|---|---|
| GILD | 1.67% | 0.72% | 0.95% |
Frequently Asked Questions
Which is cheaper, PTH or QQQ?
PTH has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, PTH or QQQ?
Over the past year PTH returned +62.10% vs +26.02% for QQQ, so PTH leads on 1-year performance. Over the longest common window we track (20 years), PTH annualized +10.77% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, PTH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.8% for PTH. Worst drawdown: PTH -53.5% vs QQQ -83.0%.
Should I hold both PTH and QQQ?
PTH and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTH and QQQ?
PTH and QQQ share 1 common holdings with a 0.7% weight overlap. Combined, they hold 160 unique securities.
Which pays a higher dividend, PTH or QQQ?
PTH yields 2.56% while QQQ yields 0.41%, so PTH currently pays the higher dividend yield.
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