QQQ vs RNWZ
Invesco QQQ Trust, Series 1 vs TrueShares Eagle Global Renewable Energy Income ETF
Which is better, QQQ or RNWZ?
Large Cap Growth against All Cap Blend.
QQQ has a lower expense ratio. QQQ led over the full window, RNWZ over 1Y. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.8%.
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 | RNWZ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $483.5B | $6M |
| Dividend Yield | 0.44% | 1.24% |
| Holdings | 107 | 24 |
| Volatility (annualized) | 16.4%Best | 19.9% |
| Max Drawdown | -22.8%Best | -24.9% |
| $10,000 over 2.5 years | $18,948Best | $10,361 |
| Top 10 Weight | 46.5%Best | 62.8% |
| Fund Family | Invesco (US) | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | All Cap Blend |
| Inception | Mar 10, 1999 | Dec 8, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 469 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 25, 2026 and RNWZ through Jun 13, 2025.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Dec 9, 2022 to Jun 13, 2025 (2.5 years).
Risk: Volatility and Drawdowns
RNWZ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.4% for QQQ. 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 -22.8% for QQQ and -24.9% for RNWZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.25. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while RNWZ charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.24% for RNWZ.
Holdings Overlap
0.3% of QQQ's money is in holdings RNWZ also owns. 9.7% of RNWZ's money is in holdings QQQ also owns.
RNWZ and QQQ share little of their money.
The two holdings books were reported 97 days apart, QQQ as of Aug 5, 2026 and RNWZ as of Apr 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 102 positions we hold weights for in QQQ and 24 in RNWZ, against full books of 107 and 24.
What only one of them owns
Our book lists 12 positions for RNWZ that do not appear in our book for QQQ (41.9% of the fund), and 95 for QQQ that do not appear in RNWZ (97.3%).
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 RNWZ | Difference |
|---|---|---|---|
| AEPAmerican Electric Power Co Inc | 0.30% | 9.72% | 9.42% |
You are not choosing between two funds in isolation.
Whichever of QQQ and RNWZ 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 RNWZ?
QQQ has an expense ratio of 0.18% while RNWZ charges 0.75%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which is riskier, QQQ or RNWZ?
RNWZ has been the more volatile fund at 19.9% annualized versus 16.4% for QQQ. Worst drawdown: QQQ -22.8% vs RNWZ -24.9%.
Should I hold both QQQ and RNWZ?
QQQ and RNWZ have a monthly-return correlation of 0.25, 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 RNWZ?
9.7% of RNWZ's money is in holdings QQQ also owns. 9.7% of RNWZ's is in holdings QQQ also owns. They hold 1 positions in common, counted across the 102 positions we hold weights for in QQQ and 24 in RNWZ.
Which pays a higher dividend, QQQ or RNWZ?
QQQ yields 0.44% while RNWZ yields 1.24%, so RNWZ currently pays the higher dividend yield.
Is RNWZ better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, RNWZ over 1Y. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.