QQQ vs TFGZ
Invesco QQQ Trust, Series 1 vs Thornburg Focus Growth Fund ETF
Which is better, QQQ or TFGZ?
TFGZ has been ahead.
QQQ has a lower expense ratio. TFGZ led over 1Y. TFGZ is less concentrated, with 46.0% of the fund in its ten largest positions against 46.9%.
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 | TFGZ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.79% |
| AUM | $437.3B | $12M |
| Dividend Yield | 0.43% | 0.00% |
| Holdings | 208 | 84 |
| YTD Return | +12.98%Best | +11.36% |
| 1Y Return | +11.59% | - |
| 3Y Return (annualized) | +23.05% | - |
| 5Y Return (annualized) | +12.74% | - |
| Top 10 Weight | 46.9% | 46.0%Best |
| Fund Family | Invesco (US) | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Apr 1, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QQQ vs TFGZ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs TFGZ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Thornburg Focus Growth Fund ETF (TFGZ) is an ETF from Thornburg Investment Management. Year to date, QQQ is up 12.98% versus a gain of 11.36% for TFGZ.
Past performance does not guarantee future results.
Fees and Cost Over Time
QQQ charges 0.18% per year while TFGZ charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 0.00% for TFGZ.
Holdings Overlap
23.7% of QQQ's money is in holdings TFGZ also owns. 40.9% of TFGZ's money is in holdings QQQ also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 101 positions we hold weights for in QQQ and 41 in TFGZ, against full books of 208 and 84.
What only one of them owns
Our book lists 26 positions for TFGZ that do not appear in our book for QQQ (48.4% of the fund), and 85 for QQQ that do not appear in TFGZ (74.5%).
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 TFGZ | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc | 3.15% | 10.77% | 7.62% |
| MSFTMicrosoft Corp | 6.16% | 6.39% | 0.23% |
| MUMicron Technology, Inc. | 4.47% | 3.44% | 1.03% |
| METAMeta Platforms Inc | 3.37% | 3.84% | 0.47% |
| AVGOBroadcom Inc | 2.52% | 3.83% | 1.31% |
| LRCXLam Research Corporation | 1.47% | 3.52% | 2.05% |
| MRVLMarvell Technology Inc | 0.90% | 2.64% | 1.74% |
| DDOGDatadog Inc. Class A | 0.38% | 2.50% | 2.12% |
| SHOP:CAShopify Inc | 0.91% | 1.88% | 0.97% |
| LITELumentum Holdings Inc | 0.33% | 2.11% | 1.78% |
40.9% of TFGZ 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 TFGZ?
QQQ has an expense ratio of 0.18% while TFGZ charges 0.79%. QQQ is the cheaper option, by $61 a year on a $10,000 investment.
What is the holdings overlap between QQQ and TFGZ?
40.9% of TFGZ's money is in holdings QQQ also owns. 40.9% of TFGZ's is in holdings QQQ also owns. They hold 10 positions in common, counted across the 101 positions we hold weights for in QQQ and 41 in TFGZ.
Which pays a higher dividend, QQQ or TFGZ?
QQQ yields 0.43% while TFGZ yields 0.00%, so QQQ currently pays the higher dividend yield.
Is TFGZ better than QQQ?
QQQ has a lower expense ratio. TFGZ led over 1Y. TFGZ is less concentrated, with 46.0% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.