QQQ vs RPV
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Pure Value ETF
Quick Verdict
QQQ has a lower expense ratio. RPV delivered stronger 1-year returns. RPV offers more diversification with 126 holdings.
Side-by-Side Comparison
| Metric | QQQ | RPV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $1.8B | |
| Dividend Yield | 0.44% | 2.27% | |
| Holdings | 108 | 126 | |
| YTD Return | +16.64% | +18.72% | |
| 1Y Return | +27.27% | +30.74% | |
| 3Y Return (annualized) | +25.96% | +20.29% | |
| 5Y Return (annualized) | +14.54% | +12.44% | |
| Volatility (annualized) | 30.6% | 22.1% | |
| Max Drawdown | -83.0% | -76.8% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
QQQ vs RPV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Pure Value ETF (RPV) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while RPV returned +30.74%. Year to date, QQQ is up 16.64% versus a gain of 18.72% for RPV.
Over three years, QQQ compounded at +25.96% per year against +20.29% for RPV; over five years the annualized figures are +14.54% and +12.44% respectively. Across the full 21-year window we track, QQQ has the edge at +13.03% annualized vs +7.89%. 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 22.1% for RPV. 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 -76.8% for RPV. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RPV 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 2.27% for RPV.
Holdings Overlap
QQQ and RPV share 6 holdings out of 217 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RPV?
QQQ has an expense ratio of 0.18% while RPV 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 RPV?
Over the past year QQQ returned +27.27% vs +30.74% for RPV, so RPV leads on 1-year performance. Over the longest common window we track (21 years), QQQ annualized +13.03% vs +7.89% for RPV. Past performance does not guarantee future results.
Which is riskier, QQQ or RPV?
QQQ has been the more volatile fund at 30.6% annualized versus 22.1% for RPV. Worst drawdown: QQQ -83.0% vs RPV -76.8%.
Should I hold both QQQ and RPV?
QQQ and RPV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RPV?
QQQ and RPV share 6 common holdings with a 1.4% weight overlap. Combined, they hold 217 unique securities.
Which pays a higher dividend, QQQ or RPV?
QQQ yields 0.44% while RPV yields 2.27%, so RPV currently pays the higher dividend yield.
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