QQQ vs RSPC
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Equal Weight Communication Services ETF
Which is better, QQQ or RSPC?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 50.0%.
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 | RSPC |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.40% |
| AUM | $437.3B | $54M |
| Dividend Yield | 0.43% | 1.18% |
| Holdings | 208 | 55 |
| YTD Return | +12.98%Best | -6.18% |
| 1Y Return | +11.59%Best | -4.46% |
| 3Y Return (annualized) | +23.05%Best | +12.64% |
| 5Y Return (annualized) | +12.74%Best | +0.57% |
| Volatility (annualized) | 20.6% | 20.1%Best |
| Max Drawdown | -35.1%Best | -38.0% |
| $10,000 over 5 years | $18,213Best | $10,288 |
| Top 10 Weight | 46.9%Best | 50.0% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Nov 7, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2018 to Nov 11, 2026 (8 years).
QQQ vs RSPC 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 8 years both funds cover.
QQQ vs RSPC Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an ETF from Invesco (US). Over the past year QQQ returned +11.59% while RSPC returned -4.46%. Year to date, QQQ is up 12.98% versus a loss of 6.18% for RSPC.
Over three years, QQQ compounded at +23.05% per year against +12.64% for RSPC; over five years the annualized figures are +12.74% and +0.57% respectively. Across the full 8-year window we track, QQQ has the edge at +19.13% annualized vs +5.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 20.1% for RSPC. 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 -35.1% for QQQ and -38.0% for RSPC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while RSPC charges 0.40%. On a $10,000 position that is $18 vs $40 annually, a gap of $22 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 1.18% for RSPC.
Holdings Overlap
12.3% of QQQ's money is in holdings RSPC also owns. 33.1% of RSPC's money is in holdings QQQ also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 101 positions we hold weights for in QQQ and 24 in RSPC, against full books of 208 and 55.
What only one of them owns
Our book lists 16 positions for RSPC that do not appear in our book for QQQ (66.8% of the fund), and 86 for QQQ that do not appear in RSPC (84.9%).
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 RSPC | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 3.37% | 5.48% | 2.11% |
| GOOGLAlphabet Inc | 3.15% | 2.85% | 0.30% |
| NFLXNetflix Inc | 1.28% | 4.64% | 3.36% |
| GOOGAlphabet Inc. C | 2.93% | 2.28% | 0.65% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.72% | 4.30% | 3.58% |
| TTWOTake-Two Interactive Software, Inc. | 0.17% | 4.82% | 4.65% |
| APPAppLovin Corp. Com Cl A | 0.36% | 4.45% | 4.09% |
| CMCSAComcast Corp. Class A | 0.33% | 4.30% | 3.97% |
33.1% of RSPC is already inside QQQ.
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 RSPC?
QQQ has an expense ratio of 0.18% while RSPC charges 0.40%. QQQ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, QQQ or RSPC?
Over the past year QQQ returned +11.59% vs -4.46% for RSPC, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), QQQ annualized +19.13% vs +5.74% for RSPC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or RSPC?
QQQ has been the more volatile fund at 20.6% annualized versus 20.1% for RSPC. Worst drawdown: QQQ -35.1% vs RSPC -38.0%.
Should I hold both QQQ and RSPC?
QQQ and RSPC have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and RSPC?
33.1% of RSPC's money is in holdings QQQ also owns. 33.1% of RSPC's is in holdings QQQ also owns. They hold 8 positions in common, counted across the 101 positions we hold weights for in QQQ and 24 in RSPC.
Which pays a higher dividend, QQQ or RSPC?
QQQ yields 0.43% while RSPC yields 1.18%, so RSPC currently pays the higher dividend yield.
Is RSPC better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 50.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.