QQQ vs QVMT
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Concentrated QVM ETF
Which is better, QQQ or QVMT?
Large Cap Growth against Large Cap Value.
QVMT has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QVMT is less concentrated, with 42.6% of the fund in its ten largest positions against 46.5%.
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 | QVMT |
|---|---|---|
| Expense Ratio | 0.18% | 0.13%Best |
| AUM | $483.5B | $132M |
| Dividend Yield | 0.44% | 1.89% |
| Holdings | 107 | 103 |
| YTD Return | +17.21%Best | +14.32% |
| 1Y Return | +22.10%Best | +21.29% |
| 3Y Return (annualized) | +25.27%Best | +18.76% |
| 5Y Return (annualized) | +14.60%Best | +12.12% |
| Volatility (annualized) | 18.7%Best | 20.1% |
| Max Drawdown | -35.1%Best | -48.7% |
| $10,000 over 5 years | $19,766Best | $17,718 |
| Top 10 Weight | 46.5% | 42.6%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Oct 9, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2015 to Sep 17, 2026 (10.9 years).
QQQ vs QVMT 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 10.9 years both funds cover.
QQQ vs QVMT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Concentrated QVM ETF (QVMT) is an ETF from Invesco (US). Over the past year QQQ returned +22.10% while QVMT returned +21.29%. Year to date, QQQ is up 17.21% versus a gain of 14.32% for QVMT.
Over three years, QQQ compounded at +25.27% per year against +18.76% for QVMT; over five years the annualized figures are +14.60% and +12.12% respectively. Across the full 11-year window we track, QQQ has the edge at +19.39% annualized vs +10.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 18.7% for QQQ. 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 -48.7% for QVMT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while QVMT charges 0.13%. On a $10,000 position that is $18 vs $13 annually, a gap of $5 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.89% for QVMT.
Holdings Overlap
15.4% of QQQ's money is in holdings QVMT also owns. 29.8% of QVMT's money is in holdings QQQ also owns.
QVMT and QQQ share little of their money.
10 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QVMT, against full books of 107 and 103.
What only one of them owns
Measured across the 102 and 101 positions we hold weights for.
QQQ holds 86 positions QVMT does not, 82.1% of the fund.
Largest: NVDA 8.44%, MSFT 5.76%, AMZN 4.67%, MU 4.43%, AMD 3.45%
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QVMT | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.27% | 5.32% | 1.95% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.10% | 4.56% | 2.46% |
| LRCXLrcx Uw Equity | 1.69% | 4.59% | 2.90% |
| SNDKSandisk Corp/De | 0.88% | 4.59% | 3.71% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.79% | 3.37% | 2.58% |
| KLACKla Corp | 1.11% | 2.90% | 1.79% |
| APPAppLovin Corp. Com Cl A | 0.56% | 1.35% | 0.79% |
| CMCSAComcast Corp-class A Cmcsa | 0.39% | 1.30% | 0.91% |
| ROSTRoss Stores, Inc. | 0.36% | 0.95% | 0.59% |
| BKRBaker Hughes Co | 0.27% | 0.87% | 0.60% |
29.8% of QVMT 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, QQQ or QVMT?
QQQ has an expense ratio of 0.18% while QVMT charges 0.13%. QVMT is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, QQQ or QVMT?
Over the past year QQQ returned +22.10% vs +21.29% for QVMT, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +19.39% vs +10.37% for QVMT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QVMT?
QVMT has been the more volatile fund at 20.1% annualized versus 18.7% for QQQ. Worst drawdown: QQQ -35.1% vs QVMT -48.7%.
Should I hold both QQQ and QVMT?
QQQ and QVMT have a monthly-return correlation of 0.59, 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 QVMT?
29.8% of QVMT's money is in holdings QQQ also owns. 29.8% of QVMT's is in holdings QQQ also owns. They hold 10 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QVMT.
Which pays a higher dividend, QQQ or QVMT?
QQQ yields 0.44% while QVMT yields 1.89%, so QVMT currently pays the higher dividend yield.
Is QVMT better than QQQ?
QVMT has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QVMT is less concentrated, with 42.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.