QQQ vs RJMG
Invesco QQQ Trust, Series 1 vs FT Raymond James Multicap Growth Equity ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | RJMG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.85% | |
| AUM | $496.3B | $11M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 41 | |
| YTD Return | +16.64% | +1.42% | |
| 1Y Return | +27.27% | +15.82% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 14.8% | |
| Max Drawdown | -83.0% | -25.4% | |
| Fund Family | Invesco (US) | First Trust Portfolios (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jan 12, 2024 |
QQQ vs RJMG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and FT Raymond James Multicap Growth Equity ETF (RJMG) is a ETF from First Trust Portfolios (US). Over the past year QQQ returned +27.27% while RJMG returned +15.82%. Year to date, QQQ is up 16.64% versus a gain of 1.42% for RJMG.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.8% for RJMG. 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 -25.4% for RJMG. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RJMG charges 0.85%. On a $10,000 position that is $18 vs $85 annually, a gap of $67 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for RJMG.
Holdings Overlap
QQQ and RJMG share 10 holdings out of 132 unique holdings combined, representing a 16.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RJMG?
QQQ has an expense ratio of 0.18% while RJMG charges 0.85%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, QQQ or RJMG?
Over the past year QQQ returned +27.27% vs +15.82% for RJMG, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +17.17% for RJMG. Past performance does not guarantee future results.
Which is riskier, QQQ or RJMG?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for RJMG. Worst drawdown: QQQ -83.0% vs RJMG -25.4%.
Should I hold both QQQ and RJMG?
QQQ and RJMG have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RJMG?
QQQ and RJMG share 10 common holdings with a 16.9% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, QQQ or RJMG?
QQQ yields 0.44% while RJMG yields 0.00%, so QQQ currently pays the higher dividend yield.
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