QQQ vs RFLR
Invesco QQQ Trust, Series 1 vs Innovator US Small Cap Managed Floor ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RFLR offers more diversification with 841 holdings.
Side-by-Side Comparison
| Metric | QQQ | RFLR | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.89% | |
| AUM | $496.3B | $95M | |
| Dividend Yield | 0.44% | 0.60% | |
| Holdings | 108 | 841 | |
| YTD Return | +16.19% | +15.92% | |
| 1Y Return | +25.22% | +23.87% | |
| 3Y Return (annualized) | +25.47% | - | |
| 5Y Return (annualized) | +14.34% | - | |
| Volatility (annualized) | 30.6% | 11.3% | |
| Max Drawdown | -83.0% | -15.5% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 17, 2024 |
QQQ vs RFLR Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator US Small Cap Managed Floor ETF (RFLR) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +25.22% while RFLR returned +23.87%. Year to date, QQQ is up 16.19% versus a gain of 15.92% for RFLR.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.3% for RFLR. 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 -15.5% for RFLR. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RFLR charges 0.89%. On a $10,000 position that is $18 vs $89 annually, a gap of $71 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.60% for RFLR.
Holdings Overlap
QQQ and RFLR share 0 holdings out of 896 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RFLR?
QQQ has an expense ratio of 0.18% while RFLR charges 0.89%. QQQ is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, QQQ or RFLR?
Over the past year QQQ returned +25.22% vs +23.87% for RFLR, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.01% vs +15.98% for RFLR. Past performance does not guarantee future results.
Which is riskier, QQQ or RFLR?
QQQ has been the more volatile fund at 30.6% annualized versus 11.3% for RFLR. Worst drawdown: QQQ -83.0% vs RFLR -15.5%.
Should I hold both QQQ and RFLR?
QQQ and RFLR have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RFLR?
QQQ and RFLR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 896 unique securities.
Which pays a higher dividend, QQQ or RFLR?
QQQ yields 0.44% while RFLR yields 0.60%, so RFLR currently pays the higher dividend yield.
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