QQQ vs SGVT
Invesco QQQ Trust, Series 1 vs Schwab Government Money Market ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SGVT offers more diversification with 215 holdings.
Side-by-Side Comparison
| Metric | QQQ | SGVT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.28% | |
| AUM | $496.3B | $867M | |
| Dividend Yield | 0.44% | 3.25% | |
| Holdings | 108 | 215 | |
| YTD Return | +16.64% | +2.15% | |
| 1Y Return | +27.27% | +3.64% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 0.2% | |
| Max Drawdown | -83.0% | -0.0% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Money Market | |
| Inception | Mar 10, 1999 | Jun 12, 2025 |
QQQ vs SGVT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Schwab Government Money Market ETF (SGVT) is a ETF from Charles Schwab Asset Management. Over the past year QQQ returned +27.27% while SGVT returned +3.64%. Year to date, QQQ is up 16.64% versus a gain of 2.15% for SGVT.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.2% for SGVT. 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 -0.0% for SGVT. 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 -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SGVT charges 0.28%. On a $10,000 position that is $18 vs $28 annually, a gap of $10 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.25% for SGVT.
Holdings Overlap
QQQ and SGVT share 0 holdings out of 148 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 SGVT?
QQQ has an expense ratio of 0.18% while SGVT charges 0.28%. QQQ is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, QQQ or SGVT?
Over the past year QQQ returned +27.27% vs +3.64% for SGVT, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.03% vs +3.72% for SGVT. Past performance does not guarantee future results.
Which is riskier, QQQ or SGVT?
QQQ has been the more volatile fund at 30.6% annualized versus 0.2% for SGVT. Worst drawdown: QQQ -83.0% vs SGVT -0.0%.
Should I hold both QQQ and SGVT?
QQQ and SGVT have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SGVT?
QQQ and SGVT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, QQQ or SGVT?
QQQ yields 0.44% while SGVT yields 3.25%, so SGVT currently pays the higher dividend yield.
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