QQQ vs SCHV
Invesco QQQ Trust, Series 1 vs Schwab US Large-Cap Value ETF
Quick Verdict
SCHV has a lower expense ratio. QQQ delivered stronger 1-year returns. SCHV offers more diversification with 562 holdings.
Side-by-Side Comparison
| Metric | QQQ | SCHV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $496.3B | $16.1B | |
| Dividend Yield | 0.44% | 1.79% | |
| Holdings | 108 | 562 | |
| YTD Return | +16.23% | +17.46% | |
| 1Y Return | +26.23% | +24.65% | |
| 3Y Return (annualized) | +25.75% | +18.69% | |
| 5Y Return (annualized) | +14.78% | +10.87% | |
| Volatility (annualized) | 30.6% | 14.1% | |
| Max Drawdown | -83.0% | -37.1% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Dec 11, 2009 |
QQQ vs SCHV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Schwab US Large-Cap Value ETF (SCHV) is a ETF from Charles Schwab Asset Management. Over the past year QQQ returned +26.23% while SCHV returned +24.65%. Year to date, QQQ is up 16.23% versus a gain of 17.46% for SCHV.
Over three years, QQQ compounded at +25.75% per year against +18.69% for SCHV; over five years the annualized figures are +14.78% and +10.87% respectively. Across the full 17-year window we track, QQQ has the edge at +13.02% annualized vs +9.66%. 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 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 -83.0% for QQQ and -37.1% for SCHV. 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 0.76. 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 1.79% for SCHV.
Holdings Overlap
QQQ and SCHV share 44 holdings out of 615 unique holdings combined, representing a 21.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $14 per year of difference.
Which performed better, QQQ or SCHV?
Over the past year QQQ returned +26.23% vs +24.65% for SCHV, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +13.02% vs +9.66% for SCHV. Past performance does not guarantee future results.
Which is riskier, QQQ or SCHV?
QQQ has been the more volatile fund at 30.6% annualized versus 14.1% for SCHV. Worst drawdown: QQQ -83.0% vs SCHV -37.1%.
Should I hold both QQQ and SCHV?
QQQ and SCHV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SCHV?
QQQ and SCHV share 44 common holdings with a 21.1% weight overlap. Combined, they hold 615 unique securities.
Which pays a higher dividend, QQQ or SCHV?
QQQ yields 0.44% while SCHV yields 1.79%, so SCHV currently pays the higher dividend yield.
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