QQQ vs RWO
Invesco QQQ Trust, Series 1 vs State Street SPDR Dow Jones Global Real Estate ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RWO offers more diversification with 244 holdings.
Side-by-Side Comparison
| Metric | QQQ | RWO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.50% | |
| AUM | $496.3B | $1.3B | |
| Dividend Yield | 0.44% | 3.14% | |
| Holdings | 108 | 244 | |
| YTD Return | +16.64% | +13.27% | |
| 1Y Return | +27.27% | +16.70% | |
| 3Y Return (annualized) | +25.96% | +11.78% | |
| 5Y Return (annualized) | +14.54% | +2.27% | |
| Volatility (annualized) | 30.6% | 20.1% | |
| Max Drawdown | -83.0% | -69.6% | |
| Fund Family | Invesco (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | May 7, 2008 |
QQQ vs RWO Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Dow Jones Global Real Estate ETF (RWO) is a ETF from SPDR State Street Global Advisors. Over the past year QQQ returned +27.27% while RWO returned +16.70%. Year to date, QQQ is up 16.64% versus a gain of 13.27% for RWO.
Over three years, QQQ compounded at +25.96% per year against +11.78% for RWO; over five years the annualized figures are +14.54% and +2.27% respectively. Across the full 18-year window we track, QQQ has the edge at +13.03% annualized vs +1.00%. 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 20.1% for RWO. 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 -69.6% for RWO. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RWO charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.14% for RWO.
Holdings Overlap
QQQ and RWO share 0 holdings out of 325 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 RWO?
QQQ has an expense ratio of 0.18% while RWO charges 0.50%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, QQQ or RWO?
Over the past year QQQ returned +27.27% vs +16.70% for RWO, so QQQ leads on 1-year performance. Over the longest common window we track (18 years), QQQ annualized +13.03% vs +1.00% for RWO. Past performance does not guarantee future results.
Which is riskier, QQQ or RWO?
QQQ has been the more volatile fund at 30.6% annualized versus 20.1% for RWO. Worst drawdown: QQQ -83.0% vs RWO -69.6%.
Should I hold both QQQ and RWO?
QQQ and RWO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RWO?
QQQ and RWO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 325 unique securities.
Which pays a higher dividend, QQQ or RWO?
QQQ yields 0.44% while RWO yields 3.14%, so RWO currently pays the higher dividend yield.
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