PXI vs QQQ
Invesco Dorsey Wright Energy Momentum ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PXI delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PXI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $55M | $496.3B | |
| Dividend Yield | 1.26% | 0.44% | |
| Holdings | 44 | 108 | |
| YTD Return | +38.38% | +16.64% | |
| 1Y Return | +55.77% | +27.27% | |
| 3Y Return (annualized) | +14.61% | +25.96% | |
| 5Y Return (annualized) | +24.73% | +14.54% | |
| Volatility (annualized) | 32.9% | 30.6% | |
| Max Drawdown | -86.2% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Mar 10, 1999 |
PXI vs QQQ Performance
Invesco Dorsey Wright Energy Momentum ETF (PXI) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PXI returned +55.77% while QQQ returned +27.27%. Year to date, PXI is up 38.38% versus a gain of 16.64% for QQQ.
Over three years, PXI compounded at +14.61% per year against +25.96% for QQQ; over five years the annualized figures are +24.73% and +14.54% respectively. Across the full 20-year window we track, QQQ has the edge at +13.03% annualized vs +5.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXI has been the more volatile fund, with annualized monthly volatility of 32.9% compared with 30.6% 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 -86.2% for PXI 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXI 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, PXI currently yields 1.26% against 0.44% for QQQ.
Holdings Overlap
PXI and QQQ share 1 holdings out of 144 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 PXI | Weight in QQQ | Difference |
|---|---|---|---|
| BKR | 3.10% | 0.27% | 2.83% |
Frequently Asked Questions
Which is cheaper, PXI or QQQ?
PXI 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, PXI or QQQ?
Over the past year PXI returned +55.77% vs +27.27% for QQQ, so PXI leads on 1-year performance. Over the longest common window we track (20 years), PXI annualized +5.18% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PXI or QQQ?
PXI has been the more volatile fund at 32.9% annualized versus 30.6% for QQQ. Worst drawdown: PXI -86.2% vs QQQ -83.0%.
Should I hold both PXI and QQQ?
PXI and QQQ have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXI and QQQ?
PXI and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, PXI or QQQ?
PXI yields 1.26% while QQQ yields 0.44%, so PXI currently pays the higher dividend yield.
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