PXF vs QQQ
Invesco RAFI Developed Markets ex-US ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PXF delivered stronger 1-year returns. PXF offers more diversification with 1,040 holdings.
Side-by-Side Comparison
| Metric | PXF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.18% | |
| AUM | $2.8B | $455.8B | |
| Dividend Yield | 3.13% | 0.41% | |
| Holdings | 1,040 | 108 | |
| YTD Return | +21.56% | +19.68% | |
| 1Y Return | +36.51% | +26.75% | |
| 3Y Return (annualized) | +24.93% | +26.25% | |
| 5Y Return (annualized) | +14.26% | +15.39% | |
| Volatility (annualized) | 19.4% | 30.6% | |
| Max Drawdown | -65.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2007 | Mar 10, 1999 |
PXF vs QQQ Performance
Invesco RAFI Developed Markets ex-US ETF (PXF) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PXF returned +36.51% while QQQ returned +26.75%. Year to date, PXF is up 21.56% versus a gain of 19.68% for QQQ.
Over three years, PXF compounded at +24.93% per year against +26.25% for QQQ; over five years the annualized figures are +14.26% and +15.39% respectively. Across the full 19-year window we track, QQQ has the edge at +13.15% annualized vs +3.56%. 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 19.4% for PXF. 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 -65.7% for PXF 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PXF charges 0.43% per year while QQQ charges 0.18%. On a $10,000 position that is $43 vs $18 annually, a gap of $25 per year that compounds over a long holding period. On income, PXF currently yields 3.13% against 0.41% for QQQ.
Holdings Overlap
PXF and QQQ share 7 holdings out of 1102 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PXF or QQQ?
PXF has an expense ratio of 0.43% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, PXF or QQQ?
Over the past year PXF returned +36.51% vs +26.75% for QQQ, so PXF leads on 1-year performance. Over the longest common window we track (19 years), PXF annualized +3.56% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, PXF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.4% for PXF. Worst drawdown: PXF -65.7% vs QQQ -83.0%.
Should I hold both PXF and QQQ?
PXF and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXF and QQQ?
PXF and QQQ share 7 common holdings with a 0.8% weight overlap. Combined, they hold 1102 unique securities.
Which pays a higher dividend, PXF or QQQ?
PXF yields 3.13% while QQQ yields 0.41%, so PXF currently pays the higher dividend yield.
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