QQQ vs TFNS
Invesco QQQ Trust, Series 1 vs T. Rowe Price Financials ETF
Which is better, QQQ or TFNS?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over the full window, TFNS over 1Y. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.0%.
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 | TFNS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.44% |
| AUM | $437.3B | $18M |
| Dividend Yield | 0.43% | 0.47% |
| Holdings | 208 | 162 |
| YTD Return | +10.43%Best | +7.96% |
| 1Y Return | +8.78% | +14.15%Best |
| 3Y Return (annualized) | +22.14% | - |
| 5Y Return (annualized) | +12.29% | - |
| Volatility (annualized) | 20.1% | 13.7%Best |
| Max Drawdown | -14.8% | -14.0%Best |
| $10,000 over 1.4 years | $12,705Best | $11,937 |
| Top 10 Weight | 46.9%Best | 53.0% |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Jun 11, 2025 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Jun 12, 2025 to Nov 10, 2026 (1.4 years).
QQQ vs TFNS 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 1.4 years both funds cover.
QQQ vs TFNS Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Financials ETF (TFNS) is an ETF from T.Rowe Price. Over the past year QQQ returned +8.78% while TFNS returned +14.15%. Year to date, QQQ is up 10.43% versus a gain of 7.96% for TFNS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 13.7% for TFNS. 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 -14.8% for QQQ and -14.0% for TFNS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.10. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while TFNS charges 0.44%. On a $10,000 position that is $18 vs $44 annually, a gap of $26 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 0.47% for TFNS.
Holdings Overlap
0.2% of QQQ's money is in holdings TFNS also owns. 0.9% of TFNS's money is in holdings QQQ also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 101 positions we hold weights for in QQQ and 80 in TFNS, against full books of 208 and 162.
What only one of them owns
Our book lists 73 positions for TFNS that do not appear in our book for QQQ (93.1% of the fund), and 93 for QQQ that do not appear in TFNS (97.0%).
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 TFNS | Difference |
|---|---|---|---|
| PYPLPaypal Holdings Inc | 0.21% | 0.87% | 0.66% |
You are not choosing between two funds in isolation.
Whichever of QQQ and TFNS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TFNS?
QQQ has an expense ratio of 0.18% while TFNS charges 0.44%. QQQ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, QQQ or TFNS?
Over the past year QQQ returned +8.78% vs +14.15% for TFNS, so TFNS leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +18.65% vs +13.48% for TFNS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TFNS?
QQQ has been the more volatile fund at 20.1% annualized versus 13.7% for TFNS. Worst drawdown: QQQ -14.8% vs TFNS -14.0%.
Should I hold both QQQ and TFNS?
QQQ and TFNS have a monthly-return correlation of -0.10, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or TFNS?
QQQ yields 0.43% while TFNS yields 0.47%, so TFNS currently pays the higher dividend yield.
Is TFNS better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, TFNS over 1Y. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.