QQQ vs RSPA
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Equal Weight Income Advantage ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RSPA offers more diversification with 525 holdings.
Side-by-Side Comparison
| Metric | QQQ | RSPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.29% | |
| AUM | $496.3B | $1.1B | |
| Dividend Yield | 0.44% | 8.95% | |
| Holdings | 108 | 525 | |
| YTD Return | +16.64% | +13.34% | |
| 1Y Return | +27.27% | +19.77% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 8.7% | |
| Max Drawdown | -83.0% | -15.4% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jul 17, 2024 |
QQQ vs RSPA Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while RSPA returned +19.77%. Year to date, QQQ is up 16.64% versus a gain of 13.34% for RSPA.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.7% for RSPA. 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 -15.4% for RSPA. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RSPA 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 0.44% against 8.95% for RSPA.
Holdings Overlap
QQQ and RSPA share 84 holdings out of 520 unique holdings combined, representing a 12.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RSPA?
QQQ has an expense ratio of 0.18% while RSPA 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 RSPA?
Over the past year QQQ returned +27.27% vs +19.77% for RSPA, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +13.73% for RSPA. Past performance does not guarantee future results.
Which is riskier, QQQ or RSPA?
QQQ has been the more volatile fund at 30.6% annualized versus 8.7% for RSPA. Worst drawdown: QQQ -83.0% vs RSPA -15.4%.
Should I hold both QQQ and RSPA?
QQQ and RSPA have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RSPA?
QQQ and RSPA share 84 common holdings with a 12.7% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, QQQ or RSPA?
QQQ yields 0.44% while RSPA yields 8.95%, so RSPA currently pays the higher dividend yield.
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