QQQ vs SAWG
Invesco QQQ Trust, Series 1 vs AAM Sawgrass US Large Cap Quality Growth ETF
Which is better, QQQ or SAWG?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SAWG is less concentrated, with 30.3% of the fund in its ten largest positions against 46.9%.
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 | SAWG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.49% |
| AUM | $437.3B | $3M |
| Dividend Yield | 0.43% | 0.25% |
| Holdings | 208 | 2,359 |
| YTD Return | +12.98%Best | +12.35% |
| 1Y Return | +11.59%Best | +11.16% |
| 3Y Return (annualized) | +23.05% | - |
| 5Y Return (annualized) | +12.74% | - |
| Volatility (annualized) | 18.1% | 11.6%Best |
| Max Drawdown | -22.8% | -18.7%Best |
| $10,000 over 2.3 years | $14,874Best | $13,181 |
| Top 10 Weight | 46.9% | 30.3%Best |
| Fund Family | Invesco (US) | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Jul 30, 2024 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 31, 2024 to Nov 11, 2026 (2.3 years).
QQQ vs SAWG 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 covers the 2.3 years both funds cover.
QQQ vs SAWG Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and AAM Sawgrass US Large Cap Quality Growth ETF (SAWG) is an ETF from Advisors Asset Management, Inc.. Over the past year QQQ returned +11.59% while SAWG returned +11.16%. Year to date, QQQ is up 12.98% versus a gain of 12.35% for SAWG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 11.6% for SAWG. 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 -22.8% for QQQ and -18.7% for SAWG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SAWG charges 0.49%. On a $10,000 position that is $18 vs $49 annually, a gap of $31 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 0.25% for SAWG.
Holdings Overlap
96.4% of QQQ's money is in holdings SAWG also owns. 44.3% of SAWG's money is in holdings QQQ also owns.
Most of QQQ is already inside SAWG. Owning both mostly buys the same companies twice.
91 positions in common, counted across the 101 positions we hold weights for in QQQ and 1,140 in SAWG, against full books of 208 and 2,359.
What only one of them owns
Our book lists 370 positions for SAWG that do not appear in our book for QQQ (30.8% of the fund), and 8 for QQQ that do not appear in SAWG (2.9%).
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 SAWG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.05% | 6.18% | 1.87% |
| AAPLApple Inc | 7.68% | 5.90% | 1.78% |
| MSFTMicrosoft Corp | 6.16% | 4.51% | 1.65% |
| AMZNAmazon.Com Inc | 4.23% | 2.95% | 1.28% |
| MUMicron Technology, Inc. | 4.47% | 1.27% | 3.20% |
| GOOGLAlphabet Inc | 3.15% | 2.44% | 0.71% |
| METAMeta Platforms Inc | 3.37% | 1.98% | 1.39% |
| AMDAdvanced Micro Devices Inc | 3.90% | 1.16% | 2.74% |
| GOOGAlphabet Inc. C | 2.93% | 1.92% | 1.01% |
| AVGOBroadcom Inc | 2.52% | 1.90% | 0.62% |
96.4% of QQQ is already inside SAWG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or SAWG?
QQQ has an expense ratio of 0.18% while SAWG charges 0.49%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, QQQ or SAWG?
Over the past year QQQ returned +11.59% vs +11.16% for SAWG, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +18.84% vs +12.76% for SAWG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SAWG?
QQQ has been the more volatile fund at 18.1% annualized versus 11.6% for SAWG. Worst drawdown: QQQ -22.8% vs SAWG -18.7%.
Should I hold both QQQ and SAWG?
QQQ and SAWG have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and SAWG?
96.4% of QQQ's money is in holdings SAWG also owns. 44.3% of SAWG's is in holdings QQQ also owns. They hold 91 positions in common, counted across the 101 positions we hold weights for in QQQ and 1,140 in SAWG.
Which pays a higher dividend, QQQ or SAWG?
QQQ yields 0.43% while SAWG yields 0.25%, so QQQ currently pays the higher dividend yield.
Is SAWG better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SAWG is less concentrated, with 30.3% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.