QQQ vs QVML
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 QVM Multi-factor ETF
Which is better, QQQ or QVML?
Large Cap Growth against Large Cap Blend.
QVML has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QVML is less concentrated, with 43.8% 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 | QQQ | QVML |
|---|---|---|
| Expense Ratio | 0.18% | 0.11%Best |
| AUM | $498.6B | $1.7B |
| Dividend Yield | 0.42% | 0.99% |
| Holdings | 321 | 877 |
| YTD Return | +22.67%Best | +14.43% |
| 1Y Return | +24.33%Best | +16.92% |
| 3Y Return (annualized) | +29.05%Best | +24.06% |
| 5Y Return (annualized) | +17.00%Best | +14.16% |
| Volatility (annualized) | 20.5% | 15.1%Best |
| Max Drawdown | -35.1% | -23.5%Best |
| $10,000 over 5 years | $21,924Best | $19,390 |
| Top 10 Weight | 47.2% | 43.8%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jun 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Oct 2, 2026 (5.3 years).
QQQ vs QVML 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 5.3 years both funds cover.
QQQ vs QVML Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 QVM Multi-factor ETF (QVML) is an ETF from Invesco (US). Over the past year QQQ returned +24.33% while QVML returned +16.92%. Year to date, QQQ is up 22.67% versus a gain of 14.43% for QVML.
Over three years, QQQ compounded at +29.05% per year against +24.06% for QVML; over five years the annualized figures are +17.00% and +14.16% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 15.1% 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 -35.1% for QQQ and -23.5% for QVML. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
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 0.42% against 0.99% for QVML.
Holdings Overlap
81.1% of QQQ's money is in holdings QVML also owns. 55.7% of QVML's money is in holdings QQQ also owns.
Most of QQQ is already inside QVML. Owning both mostly buys the same companies twice.
70 positions in common, counted across the 102 positions we hold weights for in QQQ and 436 in QVML, against full books of 321 and 877.
What only one of them owns
Our book lists 362 positions for QVML that do not appear in our book for QQQ (44.0% of the fund), and 26 for QQQ that do not appear in QVML (16.6%).
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 QQQ | Weight in QVML | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 8.77% | 0.32% |
| AAPLApple, Inc | 7.80% | 8.18% | 0.38% |
| MSFTMicrosoft Corp | 5.88% | 6.56% | 0.68% |
| AMZNAmazon.Com Inc | 4.41% | 4.58% | 0.17% |
| GOOGAlphabet Inc. C | 2.93% | 4.81% | 1.88% |
| MUMicron Technology, Inc. | 4.85% | 1.89% | 2.96% |
| AVGOBroadcom Inc | 2.74% | 3.26% | 0.52% |
| METAMeta Platforms Inc | 3.07% | 2.69% | 0.38% |
| AMDAdvanced Micro Devices Inc | 3.71% | 1.52% | 2.19% |
| INTCIntel Corporation | 2.28% | 0.82% | 1.46% |
81.1% of QQQ is already inside QVML.
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, QQQ or QVML?
QQQ has an expense ratio of 0.18% while QVML charges 0.11%. QVML is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QQQ or QVML?
Over the past year QQQ returned +24.33% vs +16.92% for QVML, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QVML?
QQQ has been the more volatile fund at 20.5% annualized versus 15.1% for QVML. Worst drawdown: QQQ -35.1% vs QVML -23.5%.
Should I hold both QQQ and QVML?
QQQ and QVML have a monthly-return correlation of 0.89, 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 QQQ and QVML?
81.1% of QQQ's money is in holdings QVML also owns. 55.7% of QVML's is in holdings QQQ also owns. They hold 70 positions in common, counted across the 102 positions we hold weights for in QQQ and 436 in QVML.
Which pays a higher dividend, QQQ or QVML?
QQQ yields 0.42% while QVML yields 0.99%, so QVML currently pays the higher dividend yield.
Is QVML better than QQQ?
QVML has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QVML is less concentrated, with 43.8% 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.