QQLV vs QQQ
Invesco QQQ Low Volatility ETF 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 | QQLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $2M | $496.3B | |
| Dividend Yield | 2.01% | 0.44% | |
| Holdings | 28 | 108 | |
| YTD Return | +8.63% | +16.64% | |
| 1Y Return | +2.52% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 9.1% | 30.6% | |
| Max Drawdown | -9.5% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 4, 2024 | Mar 10, 1999 |
QQLV vs QQQ Performance
Invesco QQQ Low Volatility ETF (QQLV) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QQLV returned +2.52% while QQQ returned +27.27%. Year to date, QQLV is up 8.63% 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 9.1% 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 -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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.01% against 0.44% for QQQ.
Holdings Overlap
QQLV and QQQ share 25 holdings out of 103 unique holdings combined, representing a 18.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQLV or QQQ?
Over the past year QQLV returned +2.52% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQLV annualized +3.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, QQLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 9.1% for QQLV. Worst drawdown: QQLV -9.5% vs QQQ -83.0%.
Should I hold both QQLV and QQQ?
QQLV and QQQ have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQLV and QQQ?
QQLV and QQQ share 25 common holdings with a 18.5% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQLV or QQQ?
QQLV yields 2.01% while QQQ yields 0.44%, so QQLV currently pays the higher dividend yield.
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