QQQ vs RAYD
Invesco QQQ Trust, Series 1 vs Rayliant Quantitative Developed Market Equity ETF
Which is better, QQQ or RAYD?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over the full window, RAYD over 1Y. RAYD is less concentrated, with 33.7% 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 | RAYD |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.80% |
| AUM | $486.1B | $57M |
| Dividend Yield | 0.44% | 0.82% |
| Holdings | 107 | 117 |
| Volatility (annualized) | 20.7% | 14.5%Best |
| Max Drawdown | -35.1% | -21.0%Best |
| $10,000 over 4 years | $16,339Best | $15,814 |
| Top 10 Weight | 46.5% | 33.7%Best |
| Fund Family | Invesco (US) | The Advisors Inner Circle Fund |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Dec 15, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 259 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Sep 4, 2026 and RAYD through Dec 19, 2025.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Dec 16, 2021 to Dec 19, 2025 (4 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 14.5% for RAYD. 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 -21.0% for RAYD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RAYD charges 0.80%. On a $10,000 position that is $18 vs $80 annually, a gap of $62 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.82% for RAYD.
Holdings Overlap
34.7% of QQQ's money is in holdings RAYD also owns. 30.9% of RAYD's money is in holdings QQQ also owns.
The two portfolios partly overlap.
The two holdings books were reported 309 days apart, QQQ as of Aug 5, 2026 and RAYD as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
12 positions in common, counted across the 102 positions we hold weights for in QQQ and 104 in RAYD, against full books of 107 and 117.
What only one of them owns
Our book lists 48 positions for RAYD that do not appear in our book for QQQ (45.0% of the fund), and 84 for QQQ that do not appear in RAYD (62.9%).
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 RAYD | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 7.42% | 1.02% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.38% | 0.38% |
| AAPLApple, Inc | 7.27% | 2.65% | 4.62% |
| AMZNAmazon.Com Inc | 4.67% | 3.29% | 1.38% |
| GOOGLAlphabet Inc.Class A | 3.36% | 3.18% | 0.18% |
| LRCXLam Research Corp 3.125 06/15/2060 | 1.69% | 2.41% | 0.72% |
| PLTRPalantir Technologies Inc | 1.60% | 1.36% | 0.24% |
| ADBEAdobe Systems | 0.46% | 2.14% | 1.68% |
| ORLYO'Eilly Automotive, Inc. | 0.34% | 1.32% | 0.98% |
| MNSTMonster Beverage Corp. | 0.41% | 0.69% | 0.28% |
34.7% of QQQ is already inside RAYD.
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 RAYD?
QQQ has an expense ratio of 0.18% while RAYD charges 0.80%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which is riskier, QQQ or RAYD?
QQQ has been the more volatile fund at 20.7% annualized versus 14.5% for RAYD. Worst drawdown: QQQ -35.1% vs RAYD -21.0%.
Should I hold both QQQ and RAYD?
QQQ and RAYD have a monthly-return correlation of 0.84, 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 RAYD?
34.7% of QQQ's money is in holdings RAYD also owns. 30.9% of RAYD's is in holdings QQQ also owns. They hold 12 positions in common, counted across the 102 positions we hold weights for in QQQ and 104 in RAYD.
Which pays a higher dividend, QQQ or RAYD?
QQQ yields 0.44% while RAYD yields 0.82%, so RAYD currently pays the higher dividend yield.
Is RAYD better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, RAYD over 1Y. RAYD is less concentrated, with 33.7% 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.