QQLV vs QQQ
Invesco QQQ Low Volatility ETF vs Invesco QQQ Trust, Series 1
Which is better, QQLV or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQLV is less concentrated, with 45.3% of the fund in its ten largest positions against 47.2%.
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 | QQLV | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $3M | $498.6B |
| Dividend Yield | 1.97% | 0.42% |
| Holdings | 28 | 321 |
| YTD Return | +3.47% | +24.32%Best |
| 1Y Return | +0.59% | +25.59%Best |
| 3Y Return (annualized) | - | +28.30% |
| 5Y Return (annualized) | - | +16.83% |
| Volatility (annualized) | 9.6%Best | 19.1% |
| Max Drawdown | -9.5%Best | -22.8% |
| $10,000 over 1.8 years | $10,087 | $14,552Best |
| Top 10 Weight | 45.3%Best | 47.2% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 4, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 6, 2026 (1.8 years).
QQLV 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 1.8 years both funds cover.
QQLV vs QQQ Performance
Invesco QQQ Low Volatility ETF (QQLV) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QQLV returned +0.59% while QQQ returned +25.59%. Year to date, QQLV is up 3.47% versus a gain of 24.32% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 9.6% for QQLV. 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 -9.5% for QQLV and -22.8% 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 -0.04. They move largely independently of each other.
Fees and Cost Over Time
QQLV charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, QQLV currently yields 1.97% against 0.42% for QQQ.
Holdings Overlap
95.5% of QQLV's money is in holdings QQQ also owns. 25.2% of QQQ's money is in holdings QQLV also owns.
Most of QQLV is already inside QQQ. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 27 positions we hold weights for in QQLV and 102 in QQQ, against full books of 28 and 321.
What only one of them owns
Our book lists 72 positions for QQQ that do not appear in our book for QQLV (72.8% of the fund), and 2 for QQLV that do not appear in QQQ (4.5%).
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 QQLV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.18% | 7.80% | 3.62% |
| MSFTMicrosoft Corp | 3.88% | 5.88% | 2.00% |
| COSTCostco Wholesale Corp. | 4.21% | 1.77% | 2.44% |
| LINLinde Plc Ordinary Shares | 4.82% | 0.95% | 3.87% |
| WMTWalmart, Inc. | 3.40% | 2.31% | 1.09% |
| CTASCintas Corp. | 5.27% | 0.36% | 4.91% |
| AEPAmerican Electric Power Co Inc | 4.72% | 0.30% | 4.42% |
| ADPAutomatic Data Processing, Inc. | 4.47% | 0.48% | 3.99% |
| EXCExelon | 4.55% | 0.20% | 4.35% |
| PEPPepsico Inc. | 3.80% | 0.83% | 2.97% |
95.5% of QQLV is already inside QQQ.
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, QQLV or QQQ?
QQLV has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QQLV or QQQ?
Over the past year QQLV returned +0.59% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQLV annualized +0.48% vs +23.17% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQLV or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 9.6% for QQLV. Worst drawdown: QQLV -9.5% vs QQQ -22.8%.
Should I hold both QQLV and QQQ?
QQLV and QQQ have a monthly-return correlation of -0.04, 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 QQLV and QQQ?
95.5% of QQLV's money is in holdings QQQ also owns. 25.2% of QQQ's is in holdings QQLV also owns. They hold 25 positions in common, counted across the 27 positions we hold weights for in QQLV and 102 in QQQ.
Which pays a higher dividend, QQLV or QQQ?
QQLV yields 1.97% while QQQ yields 0.42%, so QQLV currently pays the higher dividend yield.
Is QQQ better than QQLV?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQLV is less concentrated, with 45.3% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.