QOWZ vs VYM
Invesco Nasdaq Free Cash Flow Achievers ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | QOWZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $10M | $81.6B | |
| Dividend Yield | 0.25% | 2.24% | |
| Holdings | 52 | 616 | |
| YTD Return | +5.54% | +15.34% | |
| 1Y Return | +5.35% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 13.9% | 14.6% | |
| Max Drawdown | -20.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2023 | Nov 10, 2006 |
QOWZ vs VYM Performance
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QOWZ returned +5.35% while VYM returned +23.24%. Year to date, QOWZ is up 5.54% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.9% for QOWZ. 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 -20.4% for QOWZ and -58.8% for VYM. 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QOWZ charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, QOWZ currently yields 0.25% against 2.24% for VYM.
Holdings Overlap
QOWZ and VYM share 8 holdings out of 645 unique holdings combined, representing a 7.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QOWZ or VYM?
QOWZ has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, QOWZ or VYM?
Over the past year QOWZ returned +5.35% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), QOWZ annualized +18.70% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, QOWZ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.9% for QOWZ. Worst drawdown: QOWZ -20.4% vs VYM -58.8%.
Should I hold both QOWZ and VYM?
QOWZ and VYM have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QOWZ and VYM?
QOWZ and VYM share 8 common holdings with a 7.2% weight overlap. Combined, they hold 645 unique securities.
Which pays a higher dividend, QOWZ or VYM?
QOWZ yields 0.25% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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