QQQ vs RPG
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Pure Growth 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 | RPG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $2.1B | |
| Dividend Yield | 0.44% | 0.17% | |
| Holdings | 108 | 68 | |
| YTD Return | +16.23% | +22.39% | |
| 1Y Return | +26.23% | +26.03% | |
| 3Y Return (annualized) | +25.75% | +23.42% | |
| 5Y Return (annualized) | +14.78% | +8.67% | |
| Volatility (annualized) | 30.6% | 18.7% | |
| Max Drawdown | -83.0% | -53.7% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
QQQ vs RPG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Pure Growth ETF (RPG) is a ETF from Invesco (US). Over the past year QQQ returned +26.23% while RPG returned +26.03%. Year to date, QQQ is up 16.23% versus a gain of 22.39% for RPG.
Over three years, QQQ compounded at +25.75% per year against +23.42% for RPG; over five years the annualized figures are +14.78% and +8.67% respectively. Across the full 21-year window we track, QQQ has the edge at +13.02% annualized vs +11.20%. 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 18.7% for RPG. 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 -53.7% for RPG. 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while RPG 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 0.44% against 0.17% for RPG.
Holdings Overlap
QQQ and RPG share 26 holdings out of 142 unique holdings combined, representing a 25.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RPG?
QQQ has an expense ratio of 0.18% while RPG 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 RPG?
Over the past year QQQ returned +26.23% vs +26.03% for RPG, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), QQQ annualized +13.02% vs +11.20% for RPG. Past performance does not guarantee future results.
Which is riskier, QQQ or RPG?
QQQ has been the more volatile fund at 30.6% annualized versus 18.7% for RPG. Worst drawdown: QQQ -83.0% vs RPG -53.7%.
Should I hold both QQQ and RPG?
QQQ and RPG have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and RPG?
QQQ and RPG share 26 common holdings with a 25.1% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, QQQ or RPG?
QQQ yields 0.44% while RPG yields 0.17%, so QQQ currently pays the higher dividend yield.
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