QQQ vs QVML
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 QVM Multi-factor ETF
Quick Verdict
QVML has a lower expense ratio. QQQ delivered stronger 1-year returns. QVML offers more diversification with 453 holdings.
Side-by-Side Comparison
| Metric | QQQ | QVML | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.11% | |
| AUM | $496.3B | $1.6B | |
| Dividend Yield | 0.44% | 1.02% | |
| Holdings | 108 | 453 | |
| YTD Return | +16.64% | +13.42% | |
| 1Y Return | +27.27% | +21.62% | |
| 3Y Return (annualized) | +25.96% | +22.19% | |
| 5Y Return (annualized) | +14.54% | +13.07% | |
| Volatility (annualized) | 30.6% | 15.3% | |
| Max Drawdown | -83.0% | -23.5% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jun 28, 2021 |
QQQ vs QVML Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 QVM Multi-factor ETF (QVML) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while QVML returned +21.62%. Year to date, QQQ is up 16.64% versus a gain of 13.42% for QVML.
Over three years, QQQ compounded at +25.96% per year against +22.19% for QVML; over five years the annualized figures are +14.54% and +13.07% respectively. Across the full 5-year window we track, QVML has the edge at +13.63% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for QVML. 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 -83.0% for QQQ and -23.5% for QVML. 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
QQQ charges 0.18% per year while QVML charges 0.11%. On a $10,000 position that is $18 vs $11 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.02% for QVML.
Holdings Overlap
QQQ and QVML share 70 holdings out of 479 unique holdings combined, representing a 50.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QQQ or QVML?
QQQ has an expense ratio of 0.18% while QVML charges 0.11%. QVML is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQQ or QVML?
Over the past year QQQ returned +27.27% vs +21.62% for QVML, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), QQQ annualized +13.03% vs +13.63% for QVML. Past performance does not guarantee future results.
Which is riskier, QQQ or QVML?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for QVML. Worst drawdown: QQQ -83.0% vs QVML -23.5%.
Should I hold both QQQ and QVML?
QQQ and QVML 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 QQQ and QVML?
QQQ and QVML share 70 common holdings with a 50.5% weight overlap. Combined, they hold 479 unique securities.
Which pays a higher dividend, QQQ or QVML?
QQQ yields 0.44% while QVML yields 1.02%, so QVML currently pays the higher dividend yield.
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