QQQ vs TCAF
Invesco QQQ Trust, Series 1 vs T. Rowe Price Capital Appreciation Equity ETF
Which is better, QQQ or TCAF?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. TCAF is less concentrated, with 38.7% 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 | TCAF |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.31% |
| AUM | $483.5B | $8.6B |
| Dividend Yield | 0.44% | 0.47% |
| Holdings | 107 | 105 |
| YTD Return | +15.21%Best | +9.97% |
| 1Y Return | +19.78%Best | +13.65% |
| 3Y Return (annualized) | +24.58%Best | +17.98% |
| 5Y Return (annualized) | +13.93% | - |
| Volatility (annualized) | 17.3% | 12.2%Best |
| Max Drawdown | -22.8% | -16.6%Best |
| $10,000 over 3.3 years | $19,568Best | $16,642 |
| Top 10 Weight | 46.5% | 38.7%Best |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 16, 2026 (3.3 years).
QQQ vs TCAF 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 3.3 years both funds cover.
QQQ vs TCAF Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an ETF from T.Rowe Price. Over the past year QQQ returned +19.78% while TCAF returned +13.65%. Year to date, QQQ is up 15.21% versus a gain of 9.97% for TCAF.
Over three years, QQQ compounded at +24.58% per year against +17.98% for TCAF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.2% for TCAF. 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 -16.6% for TCAF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TCAF charges 0.31%. On a $10,000 position that is $18 vs $31 annually, a gap of $13 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.47% for TCAF.
Holdings Overlap
51.1% of QQQ's money is in holdings TCAF also owns. 44.4% of TCAF's money is in holdings QQQ also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 102 positions we hold weights for in QQQ and 98 in TCAF, against full books of 107 and 105.
What only one of them owns
Our book lists 66 positions for TCAF that do not appear in our book for QQQ (44.0% of the fund), and 73 for QQQ that do not appear in TCAF (47.2%).
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 TCAF | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 5.44% | 3.00% |
| AAPLApple, Inc | 7.27% | 4.66% | 2.61% |
| MSFTMicrosoft Corp | 5.76% | 6.16% | 0.40% |
| AMZNAmazon.Com Inc | 4.67% | 5.15% | 0.48% |
| GOOGLAlphabet Inc,class A | 3.36% | 3.19% | 0.17% |
| AVGOBroadcom Inc | 3.16% | 3.32% | 0.16% |
| METAMeta Platforms Inc | 2.78% | 3.10% | 0.32% |
| MUMicron Technology, Inc. | 4.43% | 1.32% | 3.11% |
| GOOGAlphabet Inc | 3.13% | 1.65% | 1.48% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.18% | 2.11% | 1.93% |
51.1% of QQQ is already inside TCAF.
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 TCAF?
QQQ has an expense ratio of 0.18% while TCAF charges 0.31%. QQQ is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, QQQ or TCAF?
Over the past year QQQ returned +19.78% vs +13.65% for TCAF, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TCAF?
QQQ has been the more volatile fund at 17.3% annualized versus 12.2% for TCAF. Worst drawdown: QQQ -22.8% vs TCAF -16.6%.
Should I hold both QQQ and TCAF?
QQQ and TCAF have a monthly-return correlation of 0.89, 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 TCAF?
51.1% of QQQ's money is in holdings TCAF also owns. 44.4% of TCAF's is in holdings QQQ also owns. They hold 24 positions in common, counted across the 102 positions we hold weights for in QQQ and 98 in TCAF.
Which pays a higher dividend, QQQ or TCAF?
QQQ yields 0.44% while TCAF yields 0.47%, so TCAF currently pays the higher dividend yield.
Is TCAF better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. TCAF is less concentrated, with 38.7% 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.