QQQ vs TDV
Invesco QQQ Trust, Series 1 vs ProShares S&P Technology Dividend Aristocrats ETF
Which is better, QQQ or TDV?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. TDV is less concentrated, with 32.5% of the fund in its ten largest positions against 47.2%.
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 | $498.6B | $267M |
| Dividend Yield | 0.42% | 1.03% |
| Holdings | 321 | 37 |
| YTD Return | +22.67%Best | +17.85% |
| 1Y Return | +24.33%Best | +17.66% |
| 3Y Return (annualized) | +29.05%Best | +19.61% |
| 5Y Return (annualized) | +17.00%Best | +12.63% |
| Volatility (annualized) | 20.7% | 18.9%Best |
| Max Drawdown | -35.1% | -32.8%Best |
| $10,000 over 5 years | $21,924Best | $18,125 |
| Top 10 Weight | 47.2% | 32.5%Best |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Nov 5, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Oct 2, 2026 (6.9 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 6.9 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 +24.33% while TDV returned +17.66%. Year to date, QQQ is up 22.67% versus a gain of 17.85% for TDV.
Over three years, QQQ compounded at +29.05% per year against +19.61% for TDV; over five years the annualized figures are +17.00% and +12.63% respectively. Across the full 7-year window we track, QQQ has the edge at +21.65% annualized vs +15.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 18.9% 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
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 0.42% against 1.03% for TDV.
Holdings Overlap
26.4% of QQQ's money is in holdings TDV also owns. 34.9% of TDV's money is in holdings QQQ also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 102 positions we hold weights for in QQQ and 37 in TDV, against full books of 321 and 37.
What only one of them owns
Our book lists 22 positions for TDV that do not appear in our book for QQQ (61.3% of the fund), and 82 for QQQ that do not appear in TDV (71.3%).
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 TDV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.80% | 2.65% | 5.15% |
| MSFTMicrosoft Corp | 5.88% | 3.36% | 2.52% |
| AVGOBroadcom Inc | 2.74% | 2.26% | 0.48% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 2.55% | 0.60% |
| LRCXLam Research Corp | 1.64% | 2.22% | 0.58% |
| AMATApplied Materials, Inc. | 1.60% | 1.99% | 0.39% |
| QCOMQualcomm Inc. | 0.85% | 2.66% | 1.81% |
| INTUIntuit, Inc. | 0.39% | 3.10% | 2.71% |
| TXNTexas Instrument Inc | 1.08% | 2.33% | 1.25% |
| ADIAnalog Devices, Inc. | 0.82% | 2.42% | 1.60% |
34.9% of TDV is already inside QQQ.
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 +24.33% vs +17.66% for TDV, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +21.65% vs +15.85% 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 20.7% annualized versus 18.9% 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 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and TDV?
34.9% of TDV's money is in holdings QQQ also owns. 34.9% of TDV's is in holdings QQQ also owns. They hold 14 positions in common, counted across the 102 positions we hold weights for in QQQ and 37 in TDV.
Which pays a higher dividend, QQQ or TDV?
QQQ yields 0.42% while TDV yields 1.03%, so TDV currently pays the higher dividend yield.
Is TDV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. TDV is less concentrated, with 32.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.