QLVE vs QQQ
Northern Trust Emerging Markets Quality Low Volatility ETF vs Invesco QQQ Trust, Series 1
Which is better, QLVE or QQQ?
Large Cap Blend against Large Cap Growth.
QLVE led over 1Y, QQQ over 3Y, 5Y and the full window. QLVE is less concentrated, with 36.6% 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 | QLVE | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $17M | $483.5B |
| Dividend Yield | 2.58% | 0.44% |
| Holdings | 169 | 107 |
| YTD Return | +16.17% | +16.87%Best |
| 1Y Return | +23.19%Best | +22.98% |
| 3Y Return (annualized) | +18.27% | +24.98%Best |
| 5Y Return (annualized) | +7.86% | +14.39%Best |
| Volatility (annualized) | 13.1%Best | 20.4% |
| Max Drawdown | -30.0%Best | -35.1% |
| $10,000 over 5 years | $14,598 | $19,586Best |
| Top 10 Weight | 36.6%Best | 46.5% |
| Fund Family | Northern Trust Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 15, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2019 to Sep 11, 2026 (7.2 years).
QLVE 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 7.2 years both funds cover.
QLVE vs QQQ Performance
Northern Trust Emerging Markets Quality Low Volatility ETF (QLVE) 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 QLVE returned +23.19% while QQQ returned +22.98%. Year to date, QLVE is up 16.17% versus a gain of 16.87% for QQQ.
Over three years, QLVE compounded at +18.27% per year against +24.98% for QQQ; over five years the annualized figures are +7.86% and +14.39% respectively. Across the full 7-year window we track, QQQ has the edge at +20.61% annualized vs +6.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 13.1% for QLVE. 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 -30.0% for QLVE 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QLVE charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, QLVE currently yields 2.58% against 0.44% for QQQ.
Holdings Overlap
0.2% of QLVE's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings QLVE 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 139 positions we hold weights for in QLVE and 102 in QQQ, against full books of 169 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for QLVE (97.0% of the fund), and 1 for QLVE that do not appear in QQQ (0.2%).
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 QLVE | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc | 0.16% | 0.27% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of QLVE 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, QLVE or QQQ?
QLVE has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, QLVE or QQQ?
Over the past year QLVE returned +23.19% vs +22.98% for QQQ, so QLVE leads on 1-year performance. Over the longest common window we track (7 years), QLVE annualized +6.81% vs +20.61% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QLVE or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 13.1% for QLVE. Worst drawdown: QLVE -30.0% vs QQQ -35.1%.
Should I hold both QLVE and QQQ?
QLVE and QQQ have a monthly-return correlation of 0.63, 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, QLVE or QQQ?
QLVE yields 2.58% while QQQ yields 0.44%, so QLVE currently pays the higher dividend yield.
Is QQQ better than QLVE?
QLVE led over 1Y, QQQ over 3Y, 5Y and the full window. QLVE is less concentrated, with 36.6% 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.