QQQ vs RWJ
Invesco QQQ Trust, Series 1 vs Invesco S&P SmallCap 600 Revenue ETF
Quick Verdict
QQQ has a lower expense ratio. RWJ delivered stronger 1-year returns. RWJ offers more diversification with 606 holdings.
Side-by-Side Comparison
| Metric | QQQ | RWJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $496.3B | $2.1B | |
| Dividend Yield | 0.44% | 0.99% | |
| Holdings | 108 | 606 | |
| YTD Return | +16.64% | +25.82% | |
| 1Y Return | +27.27% | +35.59% | |
| 3Y Return (annualized) | +25.96% | +18.86% | |
| 5Y Return (annualized) | +14.54% | +11.02% | |
| Volatility (annualized) | 30.6% | 24.9% | |
| Max Drawdown | -83.0% | -56.3% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Feb 19, 2008 |
QQQ vs RWJ Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while RWJ returned +35.59%. Year to date, QQQ is up 16.64% versus a gain of 25.82% for RWJ.
Over three years, QQQ compounded at +25.96% per year against +18.86% for RWJ; over five years the annualized figures are +14.54% and +11.02% respectively. Across the full 19-year window we track, QQQ has the edge at +13.03% annualized vs +11.86%. 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 24.9% for RWJ. 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 -56.3% for RWJ. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RWJ charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.99% for RWJ.
Holdings Overlap
QQQ and RWJ share 0 holdings out of 688 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or RWJ?
QQQ has an expense ratio of 0.18% while RWJ charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or RWJ?
Over the past year QQQ returned +27.27% vs +35.59% for RWJ, so RWJ leads on 1-year performance. Over the longest common window we track (19 years), QQQ annualized +13.03% vs +11.86% for RWJ. Past performance does not guarantee future results.
Which is riskier, QQQ or RWJ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.9% for RWJ. Worst drawdown: QQQ -83.0% vs RWJ -56.3%.
Should I hold both QQQ and RWJ?
QQQ and RWJ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RWJ?
QQQ and RWJ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 688 unique securities.
Which pays a higher dividend, QQQ or RWJ?
QQQ yields 0.44% while RWJ yields 0.99%, so RWJ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.