QQQ vs RCLO
Invesco QQQ Trust, Series 1 vs Reckoner BBB-B CLO ETF
Which is better, QQQ or RCLO?
Large Cap Growth against All Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | RCLO |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.50% |
| AUM | $437.3B | $42M |
| Dividend Yield | 0.43% | 6.37% |
| Holdings | 208 | 73 |
| YTD Return | +12.98%Best | +3.74% |
| 1Y Return | +11.59%Best | +4.78% |
| 3Y Return (annualized) | +23.05% | - |
| 5Y Return (annualized) | +12.74% | - |
| Volatility (annualized) | 22.3% | 3.9%Best |
| Max Drawdown | -14.8% | -3.7%Best |
| $10,000 over 1.1 years | $11,524Best | $10,541 |
| Fund Family | Invesco (US) | Reckoner Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | All Cap Blend |
| Inception | Mar 10, 1999 | Oct 22, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Oct 22, 2025 to Nov 11, 2026 (1.1 years).
QQQ vs RCLO 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 1.1 years both funds cover.
QQQ vs RCLO Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Reckoner BBB-B CLO ETF (RCLO) is an ETF from Reckoner Capital Management. Over the past year QQQ returned +11.59% while RCLO returned +4.78%. Year to date, QQQ is up 12.98% versus a gain of 3.74% for RCLO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 22.3% compared with 3.9% for RCLO. 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 -14.8% for QQQ and -3.7% for RCLO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while RCLO charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 6.37% for RCLO.
You are not choosing between two funds in isolation.
Whichever of QQQ and RCLO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or RCLO?
QQQ has an expense ratio of 0.18% while RCLO charges 0.50%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, QQQ or RCLO?
Over the past year QQQ returned +11.59% vs +4.78% for RCLO, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.76% vs +4.91% for RCLO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or RCLO?
QQQ has been the more volatile fund at 22.3% annualized versus 3.9% for RCLO. Worst drawdown: QQQ -14.8% vs RCLO -3.7%.
Should I hold both QQQ and RCLO?
QQQ and RCLO have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or RCLO?
QQQ yields 0.43% while RCLO yields 6.37%, so RCLO currently pays the higher dividend yield.
Is RCLO better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.