PXH vs QQQ
Invesco RAFI Emerging Markets ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PXH offers more diversification with 399 holdings.
Side-by-Side Comparison
| Metric | PXH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.18% | |
| AUM | $2.0B | $496.3B | |
| Dividend Yield | 4.26% | 0.44% | |
| Holdings | 399 | 108 | |
| YTD Return | +13.16% | +16.64% | |
| 1Y Return | +26.98% | +27.27% | |
| 3Y Return (annualized) | +22.39% | +25.96% | |
| 5Y Return (annualized) | +10.58% | +14.54% | |
| Volatility (annualized) | 21.8% | 30.6% | |
| Max Drawdown | -64.0% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2007 | Mar 10, 1999 |
PXH vs QQQ Performance
Invesco RAFI Emerging Markets ETF (PXH) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PXH returned +26.98% while QQQ returned +27.27%. Year to date, PXH is up 13.16% versus a gain of 16.64% for QQQ.
Over three years, PXH compounded at +22.39% per year against +25.96% for QQQ; over five years the annualized figures are +10.58% and +14.54% respectively. Across the full 19-year window we track, QQQ has the edge at +13.03% annualized vs +1.91%. 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 PXH. 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 -64.0% for PXH 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXH charges 0.47% per year while QQQ charges 0.18%. On a $10,000 position that is $47 vs $18 annually, a gap of $29 per year that compounds over a long holding period. On income, PXH currently yields 4.26% against 0.44% for QQQ.
Holdings Overlap
PXH and QQQ share 1 holdings out of 469 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PXH | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 0.60% | 0.27% | 0.33% |
Frequently Asked Questions
Which is cheaper, PXH or QQQ?
PXH has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, PXH or QQQ?
Over the past year PXH returned +26.98% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), PXH annualized +1.91% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PXH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.8% for PXH. Worst drawdown: PXH -64.0% vs QQQ -83.0%.
Should I hold both PXH and QQQ?
PXH and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXH and QQQ?
PXH and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 469 unique securities.
Which pays a higher dividend, PXH or QQQ?
PXH yields 4.26% while QQQ yields 0.44%, so PXH currently pays the higher dividend yield.
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