QQQ vs RFV
Invesco QQQ Trust, Series 1 vs Invesco S&P Midcap 400 Pure Value ETF
Quick Verdict
QQQ has a lower expense ratio. RFV delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | RFV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $455.8B | $334M | |
| Dividend Yield | 0.41% | 1.69% | |
| Holdings | 108 | 101 | |
| YTD Return | +17.46% | +17.91% | |
| 1Y Return | +26.02% | +28.99% | |
| 3Y Return (annualized) | +25.51% | +14.33% | |
| 5Y Return (annualized) | +15.12% | +11.61% | |
| Volatility (annualized) | 30.6% | 24.2% | |
| Max Drawdown | -83.0% | -73.1% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
QQQ vs RFV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P Midcap 400 Pure Value ETF (RFV) is a ETF from Invesco (US). Over the past year QQQ returned +26.02% while RFV returned +28.99%. Year to date, QQQ is up 17.46% versus a gain of 17.91% for RFV.
Over three years, QQQ compounded at +25.51% per year against +14.33% for RFV; over five years the annualized figures are +15.12% and +11.61% respectively. Across the full 20-year window we track, QQQ has the edge at +13.08% annualized vs +8.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 24.2% for RFV. 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 -73.1% for RFV. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RFV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.69% for RFV.
Holdings Overlap
QQQ and RFV share 0 holdings out of 201 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 RFV?
QQQ has an expense ratio of 0.18% while RFV charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or RFV?
Over the past year QQQ returned +26.02% vs +28.99% for RFV, so RFV leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +13.08% vs +8.64% for RFV. Past performance does not guarantee future results.
Which is riskier, QQQ or RFV?
QQQ has been the more volatile fund at 30.6% annualized versus 24.2% for RFV. Worst drawdown: QQQ -83.0% vs RFV -73.1%.
Should I hold both QQQ and RFV?
QQQ and RFV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RFV?
QQQ and RFV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, QQQ or RFV?
QQQ yields 0.41% while RFV yields 1.69%, so RFV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.