QQQ vs SCHV
Invesco QQQ Trust, Series 1 vs Schwab US Large-Cap Value ETF
Which is better, QQQ or SCHV?
Large Cap Growth against Large Cap Value.
SCHV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SCHV is less concentrated, with 20.4% of the fund in its ten largest positions against 46.5%.
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 | SCHV |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $483.5B | $15.6B |
| Dividend Yield | 0.44% | 1.77% |
| Holdings | 107 | 560 |
| YTD Return | +17.95%Best | +14.83% |
| 1Y Return | +21.77%Best | +19.26% |
| 3Y Return (annualized) | +25.63%Best | +17.61% |
| 5Y Return (annualized) | +15.24%Best | +10.98% |
| Volatility (annualized) | 17.6% | 14.1%Best |
| Max Drawdown | -35.1%Best | -37.1% |
| $10,000 over 5 years | $20,324Best | $16,835 |
| Top 10 Weight | 46.5% | 20.4%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Dec 11, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Dec 11, 2009 to Sep 18, 2026 (16.8 years).
QQQ vs SCHV 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 16.8 years both funds cover.
QQQ vs SCHV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Schwab US Large-Cap Value ETF (SCHV) is an ETF from Charles Schwab Asset Management. Over the past year QQQ returned +21.77% while SCHV returned +19.26%. Year to date, QQQ is up 17.95% versus a gain of 14.83% for SCHV.
Over three years, QQQ compounded at +25.63% per year against +17.61% for SCHV; over five years the annualized figures are +15.24% and +10.98% respectively. Across the full 17-year window we track, QQQ has the edge at +18.36% annualized vs +9.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 14.1% for SCHV. 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 -35.1% for QQQ and -37.1% for SCHV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SCHV charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.77% for SCHV.
Holdings Overlap
31.0% of QQQ's money is in holdings SCHV also owns. 20.9% of SCHV's money is in holdings QQQ also owns.
The two portfolios partly overlap.
44 positions in common, counted across the 102 positions we hold weights for in QQQ and 555 in SCHV, against full books of 107 and 560.
What only one of them owns
Our book lists 494 positions for SCHV that do not appear in our book for QQQ (77.8% of the fund), and 52 for QQQ that do not appear in SCHV (66.5%).
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 SCHV | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.43% | 3.41% | 1.02% |
| WMTWalmart, Inc. | 2.41% | 1.45% | 0.96% |
| INTCIntel Corporation | 2.23% | 1.39% | 0.84% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.10% | 1.38% | 0.72% |
| AMATApplied Materials, Inc. | 1.86% | 1.15% | 0.71% |
| LRCXLam Research Corp 3.125 06/15/2060 | 1.69% | 1.19% | 0.50% |
| TXNTexas Instrument Inc | 1.12% | 0.75% | 0.37% |
| AMGNAmgen Inc. | 0.97% | 0.73% | 0.24% |
| PEPPepsico Inc. | 0.83% | 0.60% | 0.23% |
| STXSeagate Technology Holdings Plc | 0.83% | 0.59% | 0.24% |
31.0% of QQQ is already inside SCHV.
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 SCHV?
QQQ has an expense ratio of 0.18% while SCHV charges 0.04%. SCHV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, QQQ or SCHV?
Over the past year QQQ returned +21.77% vs +19.26% for SCHV, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +18.36% vs +9.47% for SCHV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SCHV?
QQQ has been the more volatile fund at 17.6% annualized versus 14.1% for SCHV. Worst drawdown: QQQ -35.1% vs SCHV -37.1%.
Should I hold both QQQ and SCHV?
QQQ and SCHV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and SCHV?
31.0% of QQQ's money is in holdings SCHV also owns. 20.9% of SCHV's is in holdings QQQ also owns. They hold 44 positions in common, counted across the 102 positions we hold weights for in QQQ and 555 in SCHV.
Which pays a higher dividend, QQQ or SCHV?
QQQ yields 0.44% while SCHV yields 1.77%, so SCHV currently pays the higher dividend yield.
Is SCHV better than QQQ?
SCHV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SCHV is less concentrated, with 20.4% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.