QQQ vs RSPF
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Equal Weight Financials 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 | RSPF | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.40% | |
| AUM | $496.3B | $318M | |
| Dividend Yield | 0.44% | 1.50% | |
| Holdings | 108 | 78 | |
| YTD Return | +16.23% | +7.81% | |
| 1Y Return | +26.23% | +10.32% | |
| 3Y Return (annualized) | +25.75% | +19.34% | |
| 5Y Return (annualized) | +14.78% | +8.40% | |
| Volatility (annualized) | 30.6% | 23.5% | |
| Max Drawdown | -83.0% | -82.2% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Nov 1, 2006 |
QQQ vs RSPF Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Equal Weight Financials ETF (RSPF) is a ETF from Invesco (US). Over the past year QQQ returned +26.23% while RSPF returned +10.32%. Year to date, QQQ is up 16.23% versus a gain of 7.81% for RSPF.
Over three years, QQQ compounded at +25.75% per year against +19.34% for RSPF; over five years the annualized figures are +14.78% and +8.40% respectively. Across the full 20-year window we track, QQQ has the edge at +13.02% annualized vs +3.27%. 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 23.5% for RSPF. 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 -82.2% for RSPF. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RSPF 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 0.44% against 1.50% for RSPF.
Holdings Overlap
QQQ and RSPF share 1 holdings out of 177 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in RSPF | Difference |
|---|---|---|---|
| PYPL | 0.22% | 1.40% | 1.18% |
Frequently Asked Questions
Which is cheaper, QQQ or RSPF?
QQQ has an expense ratio of 0.18% while RSPF charges 0.40%. QQQ is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, QQQ or RSPF?
Over the past year QQQ returned +26.23% vs +10.32% for RSPF, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +13.02% vs +3.27% for RSPF. Past performance does not guarantee future results.
Which is riskier, QQQ or RSPF?
QQQ has been the more volatile fund at 30.6% annualized versus 23.5% for RSPF. Worst drawdown: QQQ -83.0% vs RSPF -82.2%.
Should I hold both QQQ and RSPF?
QQQ and RSPF have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RSPF?
QQQ and RSPF share 1 common holdings with a 0.2% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, QQQ or RSPF?
QQQ yields 0.44% while RSPF yields 1.50%, so RSPF currently pays the higher dividend yield.
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