QDF vs QQQ
Northern Trust Quality Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, QDF 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. QDF is less concentrated, with 40.0% 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 | QDF | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $2.2B | $483.5B |
| Dividend Yield | 1.47% | 0.44% |
| Holdings | 119 | 107 |
| YTD Return | +12.29% | +15.86%Best |
| 1Y Return | +18.20% | +22.63%Best |
| 3Y Return (annualized) | +18.17% | +24.15%Best |
| 5Y Return (annualized) | +11.73% | +14.16%Best |
| Volatility (annualized) | 14.3%Best | 17.6% |
| Max Drawdown | -37.2% | -35.1%Best |
| $10,000 over 5 years | $17,412 | $19,390Best |
| Top 10 Weight | 40.0%Best | 46.5% |
| Fund Family | Northern Trust Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 14, 2012 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2012 to Sep 10, 2026 (13.7 years).
QDF 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 13.7 years both funds cover.
QDF vs QQQ Performance
Northern Trust Quality Dividend ETF (QDF) is an ETF from Northern Trust Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QDF returned +18.20% while QQQ returned +22.63%. Year to date, QDF is up 12.29% versus a gain of 15.86% for QQQ.
Over three years, QDF compounded at +18.17% per year against +24.15% for QQQ; over five years the annualized figures are +11.73% and +14.16% respectively. Across the full 14-year window we track, QQQ has the edge at +19.13% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 14.3% for QDF. 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 -37.2% for QDF and -35.1% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QDF charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, QDF currently yields 1.47% against 0.44% for QQQ.
Holdings Overlap
43.3% of QDF's money is in holdings QQQ also owns. 43.4% of QQQ's money is in holdings QDF also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 114 positions we hold weights for in QDF and 102 in QQQ, against full books of 119 and 107.
What only one of them owns
Our book lists 74 positions for QQQ that do not appear in our book for QDF (53.6% of the fund), and 91 for QDF that do not appear in QQQ (54.4%).
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 QDF | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.24% | 7.27% | 0.97% |
| NVDANvidia Corp. | 6.84% | 8.44% | 1.60% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.08% | 5.76% | 1.68% |
| AVGOBroadcom Inc | 4.16% | 3.16% | 1.00% |
| GOOGLAlphabet A Usd 0.001 | 2.25% | 3.36% | 1.11% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.07% | 2.10% | 0.97% |
| GOOGAlphabet Inc | 1.82% | 3.13% | 1.31% |
| LRCXLam Research Corp 3.125 06/15/2060 | 2.77% | 1.69% | 1.08% |
| KLACKla Corp. | 1.82% | 1.11% | 0.71% |
| COSTCostco Wholesale Corp. | 0.16% | 1.84% | 1.68% |
43.4% of QQQ is already inside QDF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QDF or QQQ?
QDF has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, QDF or QQQ?
Over the past year QDF returned +18.20% vs +22.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), QDF annualized +10.56% vs +19.13% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QDF or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 14.3% for QDF. Worst drawdown: QDF -37.2% vs QQQ -35.1%.
Should I hold both QDF and QQQ?
QDF and QQQ have a monthly-return correlation of 0.81, 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 QDF and QQQ?
43.4% of QQQ's money is in holdings QDF also owns. 43.4% of QQQ's is in holdings QDF also owns. They hold 21 positions in common, counted across the 114 positions we hold weights for in QDF and 102 in QQQ.
Which pays a higher dividend, QDF or QQQ?
QDF yields 1.47% while QQQ yields 0.44%, so QDF currently pays the higher dividend yield.
Is QQQ better than QDF?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QDF is less concentrated, with 40.0% 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.