QQQ vs RSPF
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Equal Weight Financials ETF
Which is better, QQQ or RSPF?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. RSPF is less concentrated, with 15.0% 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 | RSPF |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.40% |
| AUM | $483.5B | $307M |
| Dividend Yield | 0.44% | 1.49% |
| Holdings | 107 | 78 |
| YTD Return | +15.86%Best | +6.28% |
| 1Y Return | +22.63%Best | +8.61% |
| 3Y Return (annualized) | +24.15%Best | +18.42% |
| 5Y Return (annualized) | +14.16%Best | +8.08% |
| Volatility (annualized) | 18.7%Best | 23.5% |
| Max Drawdown | -53.5%Best | -82.2% |
| $10,000 over 5 years | $19,390Best | $14,748 |
| Top 10 Weight | 46.5% | 15.0%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Nov 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2006 to Sep 10, 2026 (19.8 years).
QQQ vs RSPF 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs RSPF Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an ETF from Invesco (US). Over the past year QQQ returned +22.63% while RSPF returned +8.61%. Year to date, QQQ is up 15.86% versus a gain of 6.28% for RSPF.
Over three years, QQQ compounded at +24.15% per year against +18.42% for RSPF; over five years the annualized figures are +14.16% and +8.08% respectively. Across the full 20-year window we track, QQQ has the edge at +15.38% annualized vs +3.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPF has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 18.7% for QQQ. 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 -53.5% for QQQ and -82.2% for RSPF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
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 1.49% for RSPF.
Holdings Overlap
0.2% of QQQ's money is in holdings RSPF also owns. 1.7% of RSPF's money is in holdings QQQ also owns.
RSPF and QQQ share little of their money.
1 positions in common, counted across the 102 positions we hold weights for in QQQ and 77 in RSPF, against full books of 107 and 78.
What only one of them owns
Our book lists 75 positions for RSPF that do not appear in our book for QQQ (97.0% of the fund), and 94 for QQQ that do not appear in RSPF (96.8%).
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 RSPF | Difference |
|---|---|---|---|
| PYPLPaypal Holdings Inc | 0.22% | 1.70% | 1.48% |
You are not choosing between two funds in isolation.
Whichever of QQQ and RSPF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $22 a year on a $10,000 investment.
Which performed better, QQQ or RSPF?
Over the past year QQQ returned +22.63% vs +8.61% for RSPF, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +15.38% vs +3.19% for RSPF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or RSPF?
RSPF has been the more volatile fund at 23.5% annualized versus 18.7% for QQQ. Worst drawdown: QQQ -53.5% vs RSPF -82.2%.
Should I hold both QQQ and RSPF?
QQQ and RSPF have a monthly-return correlation of 0.64, 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 RSPF?
1.7% of RSPF's money is in holdings QQQ also owns. 1.7% of RSPF's is in holdings QQQ also owns. They hold 1 positions in common, counted across the 102 positions we hold weights for in QQQ and 77 in RSPF.
Which pays a higher dividend, QQQ or RSPF?
QQQ yields 0.44% while RSPF yields 1.49%, so RSPF currently pays the higher dividend yield.
Is RSPF better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. RSPF is less concentrated, with 15.0% 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.