PXH vs QQQ
Invesco RAFI Emerging Markets ETF vs Invesco QQQ Trust, Series 1
Which is better, PXH or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PXH is less concentrated, with 29.1% 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 | PXH | QQQ |
|---|---|---|
| Expense Ratio | 0.47% | 0.18%Best |
| AUM | $2.1B | $483.5B |
| Dividend Yield | 4.12% | 0.44% |
| Holdings | 399 | 107 |
| YTD Return | +15.05% | +16.87%Best |
| 1Y Return | +22.76% | +22.98%Best |
| 3Y Return (annualized) | +22.20% | +24.98%Best |
| 5Y Return (annualized) | +9.89% | +14.39%Best |
| Volatility (annualized) | 21.7% | 19.0%Best |
| Max Drawdown | -64.0% | -53.5%Best |
| $10,000 over 5 years | $16,025 | $19,586Best |
| Top 10 Weight | 29.1%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 27, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 27, 2007 to Sep 11, 2026 (19 years).
PXH 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.
PXH vs QQQ Performance
Invesco RAFI Emerging Markets ETF (PXH) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PXH returned +22.76% while QQQ returned +22.98%. Year to date, PXH is up 15.05% versus a gain of 16.87% for QQQ.
Over three years, PXH compounded at +22.20% per year against +24.98% for QQQ; over five years the annualized figures are +9.89% and +14.39% respectively. Across the full 19-year window we track, QQQ has the edge at +15.07% annualized vs +1.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXH has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 19.0% for QQQ. 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 -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 0.64. They move together some of the time, and apart the rest.
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 4.12% against 0.44% for QQQ.
Holdings Overlap
0.7% of PXH's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings PXH also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 375 positions we hold weights for in PXH and 102 in QQQ, against full books of 399 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for PXH (97.0% of the fund), and 19 for PXH that do not appear in QQQ (4.3%).
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 PXH | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc | 0.68% | 0.27% | 0.41% |
You are not choosing between two funds in isolation.
Whichever of PXH and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $29 a year on a $10,000 investment.
Which performed better, PXH or QQQ?
Over the past year PXH returned +22.76% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), PXH annualized +1.99% vs +15.07% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXH or QQQ?
PXH has been the more volatile fund at 21.7% annualized versus 19.0% for QQQ. Worst drawdown: PXH -64.0% vs QQQ -53.5%.
Should I hold both PXH and QQQ?
PXH and QQQ have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PXH or QQQ?
PXH yields 4.12% while QQQ yields 0.44%, so PXH currently pays the higher dividend yield.
Is QQQ better than PXH?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PXH is less concentrated, with 29.1% 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.