PZLV vs QQQ
Pzena US Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PZLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $71M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 41 | 108 | |
| YTD Return | +24.90% | +15.47% | |
| 1Y Return | - | +24.44% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -2.8% | -83.0% | |
| Fund Family | Pzena Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2026 | Mar 10, 1999 |
PZLV vs QQQ Performance
Pzena US Large Cap Value ETF (PZLV) is a ETF from Pzena Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, PZLV is up 24.90% versus a gain of 15.47% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.8% for PZLV and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
PZLV 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, PZLV currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
PZLV and QQQ share 1 holdings out of 140 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PZLV | Weight in QQQ | Difference |
|---|---|---|---|
| WDAY | 1.30% | 0.15% | 1.15% |
Frequently Asked Questions
Which is cheaper, PZLV or QQQ?
PZLV 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.
What is the holdings overlap between PZLV and QQQ?
PZLV and QQQ share 1 common holdings with a 0.1% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, PZLV or QQQ?
PZLV yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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