QQQ vs SLVP
Invesco QQQ Trust, Series 1 vs iShares MSCI Global Silver and Metals Miners ETF
Quick Verdict
QQQ has a lower expense ratio. SLVP delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SLVP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $496.3B | $950M | |
| Dividend Yield | 0.44% | 2.28% | |
| Holdings | 108 | 50 | |
| YTD Return | +16.23% | +18.69% | |
| 1Y Return | +26.23% | +107.52% | |
| 3Y Return (annualized) | +25.75% | +65.99% | |
| 5Y Return (annualized) | +14.78% | +27.08% | |
| Volatility (annualized) | 30.6% | 42.7% | |
| Max Drawdown | -83.0% | -80.6% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jan 31, 2012 |
QQQ vs SLVP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares MSCI Global Silver and Metals Miners ETF (SLVP) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +26.23% while SLVP returned +107.52%. Year to date, QQQ is up 16.23% versus a gain of 18.69% for SLVP.
Over three years, QQQ compounded at +25.75% per year against +65.99% for SLVP; over five years the annualized figures are +14.78% and +27.08% respectively. Across the full 15-year window we track, QQQ has the edge at +13.02% annualized vs +4.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLVP has been the more volatile fund, with annualized monthly volatility of 42.7% compared with 30.6% for QQQ. 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 -80.6% for SLVP. 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SLVP charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.28% for SLVP.
Holdings Overlap
QQQ and SLVP share 0 holdings out of 138 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 SLVP?
QQQ has an expense ratio of 0.18% while SLVP charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or SLVP?
Over the past year QQQ returned +26.23% vs +107.52% for SLVP, so SLVP leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +13.02% vs +4.61% for SLVP. Past performance does not guarantee future results.
Which is riskier, QQQ or SLVP?
SLVP has been the more volatile fund at 42.7% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SLVP -80.6%.
Should I hold both QQQ and SLVP?
QQQ and SLVP have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SLVP?
QQQ and SLVP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, QQQ or SLVP?
QQQ yields 0.44% while SLVP yields 2.28%, so SLVP currently pays the higher dividend yield.
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