QQQ vs TDV
Invesco QQQ Trust, Series 1 vs ProShares S&P Technology Dividend Aristocrats ETF
Which is better, QQQ or TDV?
Each has led over a different period.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TDV over 1Y.
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 | TDV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.45% |
| AUM | $437.3B | $263M |
| Dividend Yield | 0.43% | 1.05% |
| Holdings | 208 | 112 |
| YTD Return | +11.18% | +17.99%Best |
| 1Y Return | +9.52% | +18.93%Best |
| 3Y Return (annualized) | +22.24%Best | +18.61% |
| 5Y Return (annualized) | +12.11%Best | +10.81% |
| Volatility (annualized) | 20.9% | 18.8%Best |
| Max Drawdown | -35.1% | -32.8%Best |
| $10,000 over 5 years | $17,710Best | $16,707 |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Nov 5, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Nov 9, 2026 (7 years).
QQQ vs TDV 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 7 years both funds cover.
QQQ vs TDV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an ETF from ProShares. Over the past year QQQ returned +9.52% while TDV returned +18.93%. Year to date, QQQ is up 11.18% versus a gain of 17.99% for TDV.
Over three years, QQQ compounded at +22.24% per year against +18.61% for TDV; over five years the annualized figures are +12.11% and +10.81% respectively. Across the full 7-year window we track, QQQ has the edge at +19.60% annualized vs +15.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 18.8% for TDV. 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 -32.8% for TDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TDV charges 0.45%. On a $10,000 position that is $18 vs $45 annually, a gap of $27 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 1.05% for TDV.
Holdings Overlap
At least 25.8% of QQQ's money is in holdings TDV also owns.
Stated as a floor: for TDV, our book for it covers 94.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and TDV share little of their money.
14 positions in common, counted across the 101 positions we hold weights for in QQQ and 35 in TDV, against full books of 208 and 112.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TDV | Difference |
|---|---|---|---|
| AAPLApple Inc | 7.68% | 2.75% | 4.93% |
| MSFTMicrosoft Corp | 6.16% | 3.57% | 2.59% |
| AVGOBroadcom Inc | 2.52% | 2.20% | 0.32% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.84% | 2.48% | 0.64% |
| LRCXLam Research Corp | 1.47% | 2.23% | 0.76% |
| TXNTexas Instrument Inc | 1.08% | 2.45% | 1.37% |
| ADIAnalog Devices | 0.83% | 2.66% | 1.83% |
| AMATApplied Material | 1.45% | 1.95% | 0.50% |
| QCOMQualcomm Inc. | 0.80% | 2.58% | 1.78% |
| INTUIntuit, Inc. | 0.38% | 2.99% | 2.61% |
25.8% of QQQ is already inside TDV.
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 TDV?
QQQ has an expense ratio of 0.18% while TDV charges 0.45%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, QQQ or TDV?
Over the past year QQQ returned +9.52% vs +18.93% for TDV, so TDV leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +19.60% vs +15.62% for TDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TDV?
QQQ has been the more volatile fund at 20.9% annualized versus 18.8% for TDV. Worst drawdown: QQQ -35.1% vs TDV -32.8%.
Should I hold both QQQ and TDV?
QQQ and TDV have a monthly-return correlation of 0.88, 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 TDV?
At least 25.8% of QQQ's money is in holdings TDV also owns. Our book for TDV is partial, so the real figure is this or higher. They hold 14 positions in common, counted across the 101 positions we hold weights for in QQQ and 35 in TDV.
Which pays a higher dividend, QQQ or TDV?
QQQ yields 0.43% while TDV yields 1.05%, so TDV currently pays the higher dividend yield.
Is TDV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TDV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.