QQQ vs TDVG
Invesco QQQ Trust, Series 1 vs T. Rowe Price Dividend Growth ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TDVG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.50% | |
| AUM | $496.3B | $1.4B | |
| Dividend Yield | 0.44% | 0.96% | |
| Holdings | 108 | 96 | |
| YTD Return | +16.64% | +11.56% | |
| 1Y Return | +27.27% | +17.94% | |
| 3Y Return (annualized) | +25.96% | +16.25% | |
| 5Y Return (annualized) | +14.54% | +9.78% | |
| Volatility (annualized) | 30.6% | 13.6% | |
| Max Drawdown | -83.0% | -19.2% | |
| Fund Family | Invesco (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Aug 4, 2020 |
QQQ vs TDVG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and T. Rowe Price Dividend Growth ETF (TDVG) is a ETF from T.Rowe Price. Over the past year QQQ returned +27.27% while TDVG returned +17.94%. Year to date, QQQ is up 16.64% versus a gain of 11.56% for TDVG.
Over three years, QQQ compounded at +25.96% per year against +16.25% for TDVG; over five years the annualized figures are +14.54% and +9.78% respectively. Across the full 6-year window we track, TDVG has the edge at +13.22% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.6% for TDVG. 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 -19.2% for TDVG. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TDVG charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.96% for TDVG.
Holdings Overlap
QQQ and TDVG share 25 holdings out of 173 unique holdings combined, representing a 26.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or TDVG?
QQQ has an expense ratio of 0.18% while TDVG charges 0.50%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, QQQ or TDVG?
Over the past year QQQ returned +27.27% vs +17.94% for TDVG, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.03% vs +13.22% for TDVG. Past performance does not guarantee future results.
Which is riskier, QQQ or TDVG?
QQQ has been the more volatile fund at 30.6% annualized versus 13.6% for TDVG. Worst drawdown: QQQ -83.0% vs TDVG -19.2%.
Should I hold both QQQ and TDVG?
QQQ and TDVG have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TDVG?
QQQ and TDVG share 25 common holdings with a 26.9% weight overlap. Combined, they hold 173 unique securities.
Which pays a higher dividend, QQQ or TDVG?
QQQ yields 0.44% while TDVG yields 0.96%, so TDVG currently pays the higher dividend yield.
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