QMNV vs QQQ
FT Vest Nasdaq-100 Moderate Buffer ETF - November vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QMNV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.18% | |
| AUM | $59M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +8.86% | +16.64% | |
| 1Y Return | +16.84% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 8.1% | 30.6% | |
| Max Drawdown | -12.8% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 15, 2024 | Mar 10, 1999 |
QMNV vs QQQ Performance
FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QMNV returned +16.84% while QQQ returned +27.27%. Year to date, QMNV is up 8.86% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.1% for QMNV. 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 -12.8% for QMNV 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QMNV charges 0.90% per year while QQQ charges 0.18%. On a $10,000 position that is $90 vs $18 annually, a gap of $72 per year that compounds over a long holding period. On income, QMNV currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
QMNV and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QMNV or QQQ?
QMNV has an expense ratio of 0.90% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, QMNV or QQQ?
Over the past year QMNV returned +16.84% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QMNV annualized +14.82% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, QMNV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.1% for QMNV. Worst drawdown: QMNV -12.8% vs QQQ -83.0%.
Should I hold both QMNV and QQQ?
QMNV and QQQ have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QMNV and QQQ?
QMNV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QMNV or QQQ?
QMNV yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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