QQQ vs RZV
Invesco QQQ Trust, Series 1 vs Invesco S&P Smallcap 600 Pure Value ETF
Quick Verdict
QQQ has a lower expense ratio. RZV delivered stronger 1-year returns. RZV offers more diversification with 158 holdings.
Side-by-Side Comparison
| Metric | QQQ | RZV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $308M | |
| Dividend Yield | 0.44% | 1.40% | |
| Holdings | 108 | 158 | |
| YTD Return | +16.64% | +26.51% | |
| 1Y Return | +27.27% | +35.47% | |
| 3Y Return (annualized) | +25.96% | +19.16% | |
| 5Y Return (annualized) | +14.54% | +12.07% | |
| Volatility (annualized) | 30.6% | 29.1% | |
| Max Drawdown | -83.0% | -77.9% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
QQQ vs RZV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P Smallcap 600 Pure Value ETF (RZV) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while RZV returned +35.47%. Year to date, QQQ is up 16.64% versus a gain of 26.51% for RZV.
Over three years, QQQ compounded at +25.96% per year against +19.16% for RZV; over five years the annualized figures are +14.54% and +12.07% respectively. Across the full 21-year window we track, QQQ has the edge at +13.03% annualized vs +7.39%. 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 29.1% for RZV. 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 -77.9% for RZV. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RZV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.40% for RZV.
Holdings Overlap
QQQ and RZV share 0 holdings out of 258 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 RZV?
QQQ has an expense ratio of 0.18% while RZV charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or RZV?
Over the past year QQQ returned +27.27% vs +35.47% for RZV, so RZV leads on 1-year performance. Over the longest common window we track (21 years), QQQ annualized +13.03% vs +7.39% for RZV. Past performance does not guarantee future results.
Which is riskier, QQQ or RZV?
QQQ has been the more volatile fund at 30.6% annualized versus 29.1% for RZV. Worst drawdown: QQQ -83.0% vs RZV -77.9%.
Should I hold both QQQ and RZV?
QQQ and RZV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RZV?
QQQ and RZV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 258 unique securities.
Which pays a higher dividend, QQQ or RZV?
QQQ yields 0.44% while RZV yields 1.40%, so RZV currently pays the higher dividend yield.
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