QQQ vs RPG
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Pure Growth ETF
Which is better, QQQ or RPG?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. RPG is less concentrated, with 30.9% of the fund in its ten largest positions against 46.5%.
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 | RPG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $483.5B | $1.9B |
| Dividend Yield | 0.44% | 0.16% |
| Holdings | 107 | 68 |
| YTD Return | +17.95% | +21.48%Best |
| 1Y Return | +21.77%Best | +20.09% |
| 3Y Return (annualized) | +25.63%Best | +23.57% |
| 5Y Return (annualized) | +15.24%Best | +8.38% |
| Volatility (annualized) | 18.6%Tie | 18.6%Tie |
| Max Drawdown | -53.5%Best | -53.7% |
| $10,000 over 5 years | $20,324Best | $14,954 |
| Top 10 Weight | 46.5% | 30.9%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Sep 18, 2026 (20.5 years).
QQQ vs RPG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.5 years both funds cover.
QQQ vs RPG Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Pure Growth ETF (RPG) is an ETF from Invesco (US). Over the past year QQQ returned +21.77% while RPG returned +20.09%. Year to date, QQQ is up 17.95% versus a gain of 21.48% for RPG.
Over three years, QQQ compounded at +25.63% per year against +23.57% for RPG; over five years the annualized figures are +15.24% and +8.38% respectively. Across the full 21-year window we track, QQQ has the edge at +15.19% annualized vs +11.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ and RPG have been equally volatile, both at 18.6% annualized.
The deepest peak-to-trough decline in our data was -53.5% for QQQ and -53.7% for RPG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.16% for RPG.
Holdings Overlap
48.5% of QQQ's money is in holdings RPG also owns. 44.1% of RPG's money is in holdings QQQ also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 102 positions we hold weights for in QQQ and 67 in RPG, against full books of 107 and 68.
What only one of them owns
Our book lists 40 positions for RPG that do not appear in our book for QQQ (55.1% of the fund), and 70 for QQQ that do not appear in RPG (49.0%).
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 RPG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 1.73% | 6.71% |
| SNDKSandisk Corp/De | 0.88% | 8.02% | 7.14% |
| MUMicron Technology, Inc. | 4.43% | 3.91% | 0.52% |
| MSFTMicrosoft Corp | 5.76% | 0.77% | 4.99% |
| AMDAdvanced Micro Devices Inc | 3.45% | 2.41% | 1.04% |
| AVGOBroadcom Inc | 3.16% | 1.47% | 1.69% |
| GOOGLAlphabet Inc,class A | 3.36% | 0.89% | 2.47% |
| CRWDCrowdstrike Holdings Inc | 0.94% | 2.97% | 2.03% |
| GOOGAlphabet Inc | 3.13% | 0.70% | 2.43% |
| METAMeta Platforms Inc | 2.78% | 0.99% | 1.79% |
48.5% of QQQ is already inside RPG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $17 a year on a $10,000 investment.
Which performed better, QQQ or RPG?
Over the past year QQQ returned +21.77% vs +20.09% for RPG, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), QQQ annualized +15.19% vs +11.11% for RPG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or RPG?
QQQ and RPG have been equally volatile, both at 18.6% annualized. Worst drawdown: QQQ -53.5% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and RPG?
48.5% of QQQ's money is in holdings RPG also owns. 44.1% of RPG's is in holdings QQQ also owns. They hold 26 positions in common, counted across the 102 positions we hold weights for in QQQ and 67 in RPG.
Which pays a higher dividend, QQQ or RPG?
QQQ yields 0.44% while RPG yields 0.16%, so QQQ currently pays the higher dividend yield.
Is RPG better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. RPG is less concentrated, with 30.9% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.