PXI vs QQQ
Invesco Dorsey Wright Energy Momentum ETF vs Invesco QQQ Trust, Series 1
Which is better, PXI or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. PXI led over 1Y, QQQ over 3Y, 5Y and the full window. PXI is less concentrated, with 43.2% of the fund in its ten largest positions against 47.2%.
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 | PXI | QQQ |
|---|---|---|
| Expense Ratio | 0.60% | 0.18%Best |
| AUM | $64M | $498.6B |
| Dividend Yield | 1.15% | 0.42% |
| Holdings | 100 | 321 |
| YTD Return | +39.46%Best | +23.76% |
| 1Y Return | +36.67%Best | +25.02% |
| 3Y Return (annualized) | +15.83% | +28.26%Best |
| 5Y Return (annualized) | +16.41% | +16.87%Best |
| Volatility (annualized) | 32.9% | 18.6%Best |
| Max Drawdown | -86.2% | -53.5%Best |
| $10,000 over 5 years | $21,377 | $21,803Best |
| Top 10 Weight | 43.2%Best | 47.2% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Oct 12, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Oct 5, 2026 (20 years).
PXI 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 covers the 20 years both funds cover.
PXI vs QQQ Performance
Invesco Dorsey Wright Energy Momentum ETF (PXI) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PXI returned +36.67% while QQQ returned +25.02%. Year to date, PXI is up 39.46% versus a gain of 23.76% for QQQ.
Over three years, PXI compounded at +15.83% per year against +28.26% for QQQ; over five years the annualized figures are +16.41% and +16.87% respectively. Across the full 20-year window we track, QQQ has the edge at +15.73% annualized vs +5.19%.
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 18.6% 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 -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 0.47. They move together some of the time, and apart the rest.
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 1.15% against 0.42% for QQQ.
Holdings Overlap
5.0% of PXI's money is in holdings QQQ also owns. 0.5% of QQQ's money is in holdings PXI also owns.
PXI and QQQ share little of their money.
2 positions in common, counted across the 48 positions we hold weights for in PXI and 102 in QQQ, against full books of 100 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for PXI (97.3% of the fund), and 44 for PXI that do not appear in QQQ (92.3%).
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.
You are not choosing between two funds in isolation.
Whichever of PXI 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, PXI or QQQ?
PXI has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, PXI or QQQ?
Over the past year PXI returned +36.67% vs +25.02% for QQQ, so PXI leads on 1-year performance. Over the longest common window we track (20 years), PXI annualized +5.19% vs +15.73% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXI or QQQ?
PXI has been the more volatile fund at 32.9% annualized versus 18.6% for QQQ. Worst drawdown: PXI -86.2% vs QQQ -53.5%.
Should I hold both PXI and QQQ?
PXI and QQQ have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PXI and QQQ?
5.0% of PXI's money is in holdings QQQ also owns. 0.5% of QQQ's is in holdings PXI also owns. They hold 2 positions in common, counted across the 48 positions we hold weights for in PXI and 102 in QQQ.
Which pays a higher dividend, PXI or QQQ?
PXI yields 1.15% while QQQ yields 0.42%, so PXI currently pays the higher dividend yield.
Is QQQ better than PXI?
QQQ has a lower expense ratio. PXI led over 1Y, QQQ over 3Y, 5Y and the full window. PXI is less concentrated, with 43.2% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.