QQQ vs RWK
Invesco QQQ Trust, Series 1 vs Invesco S&P MidCap 400 Revenue ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RWK offers more diversification with 402 holdings.
Side-by-Side Comparison
| Metric | QQQ | RWK | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $496.3B | $1.4B | |
| Dividend Yield | 0.44% | 0.99% | |
| Holdings | 108 | 402 | |
| YTD Return | +16.64% | +17.56% | |
| 1Y Return | +27.27% | +25.84% | |
| 3Y Return (annualized) | +25.96% | +17.47% | |
| 5Y Return (annualized) | +14.54% | +12.12% | |
| Volatility (annualized) | 30.6% | 21.6% | |
| Max Drawdown | -83.0% | -56.9% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Feb 20, 2008 |
QQQ vs RWK Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P MidCap 400 Revenue ETF (RWK) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while RWK returned +25.84%. Year to date, QQQ is up 16.64% versus a gain of 17.56% for RWK.
Over three years, QQQ compounded at +25.96% per year against +17.47% for RWK; over five years the annualized figures are +14.54% and +12.12% respectively. Across the full 19-year window we track, QQQ has the edge at +13.03% annualized vs +10.58%. 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 21.6% for RWK. 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 -56.9% for RWK. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RWK 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 RWK.
Holdings Overlap
QQQ and RWK share 0 holdings out of 495 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 RWK?
QQQ has an expense ratio of 0.18% while RWK 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 RWK?
Over the past year QQQ returned +27.27% vs +25.84% for RWK, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), QQQ annualized +13.03% vs +10.58% for RWK. Past performance does not guarantee future results.
Which is riskier, QQQ or RWK?
QQQ has been the more volatile fund at 30.6% annualized versus 21.6% for RWK. Worst drawdown: QQQ -83.0% vs RWK -56.9%.
Should I hold both QQQ and RWK?
QQQ and RWK have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RWK?
QQQ and RWK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 495 unique securities.
Which pays a higher dividend, QQQ or RWK?
QQQ yields 0.44% while RWK yields 0.99%, so RWK currently pays the higher dividend yield.
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