QQQ vs RODE
Invesco QQQ Trust, Series 1 vs Hartford Multifactor Diversified International ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RODE offers more diversification with 317 holdings.
Side-by-Side Comparison
| Metric | QQQ | RODE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.29% | |
| AUM | $455.8B | $17M | |
| Dividend Yield | 0.41% | 6.06% | |
| Holdings | 108 | 317 | |
| YTD Return | +18.31% | +0.73% | |
| 1Y Return | +25.37% | -0.70% | |
| 3Y Return (annualized) | +25.79% | +7.26% | |
| 5Y Return (annualized) | +15.20% | +7.23% | |
| Volatility (annualized) | 30.6% | 15.4% | |
| Max Drawdown | -83.0% | -36.7% | |
| Fund Family | Invesco (US) | Hartford Funds | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | May 10, 2017 |
QQQ vs RODE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Hartford Multifactor Diversified International ETF (RODE) is a ETF from Hartford Funds. Over the past year QQQ returned +25.37% while RODE returned -0.70%. Year to date, QQQ is up 18.31% versus a gain of 0.73% for RODE.
Over three years, QQQ compounded at +25.79% per year against +7.26% for RODE; over five years the annualized figures are +15.20% and +7.23% respectively. Across the full 8-year window we track, QQQ has the edge at +13.10% annualized vs +4.60%. 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 15.4% for RODE. 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 -36.7% for RODE. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RODE charges 0.29%. On a $10,000 position that is $18 vs $29 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 6.06% for RODE.
Frequently Asked Questions
Which is cheaper, QQQ or RODE?
QQQ has an expense ratio of 0.18% while RODE charges 0.29%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QQQ or RODE?
Over the past year QQQ returned +25.37% vs -0.70% for RODE, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), QQQ annualized +13.10% vs +4.60% for RODE. Past performance does not guarantee future results.
Which is riskier, QQQ or RODE?
QQQ has been the more volatile fund at 30.6% annualized versus 15.4% for RODE. Worst drawdown: QQQ -83.0% vs RODE -36.7%.
Should I hold both QQQ and RODE?
QQQ and RODE have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or RODE?
QQQ yields 0.41% while RODE yields 6.06%, so RODE currently pays the higher dividend yield.
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