QQQ vs TGRT
Invesco QQQ Trust, Series 1 vs T. Rowe Price Growth ETF
Which is better, QQQ or TGRT?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 56.5%.
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 | TGRT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.38% |
| AUM | $483.5B | $1.6B |
| Dividend Yield | 0.44% | 0.07% |
| Holdings | 107 | 94 |
| YTD Return | +15.94%Best | +3.47% |
| 1Y Return | +20.44%Best | +5.20% |
| 3Y Return (annualized) | +24.86%Best | +20.95% |
| 5Y Return (annualized) | +14.26% | - |
| Volatility (annualized) | 17.3% | 16.2%Best |
| Max Drawdown | -22.8% | -22.0%Best |
| $10,000 over 3.2 years | $19,315Best | $17,884 |
| Top 10 Weight | 46.5%Best | 56.5% |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 14, 2026 (3.2 years).
QQQ vs TGRT 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 3.2 years both funds cover.
QQQ vs TGRT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Growth ETF (TGRT) is an ETF from T.Rowe Price. Over the past year QQQ returned +20.44% while TGRT returned +5.20%. Year to date, QQQ is up 15.94% versus a gain of 3.47% for TGRT.
Over three years, QQQ compounded at +24.86% per year against +20.95% for TGRT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 16.2% for TGRT. 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 -22.8% for QQQ and -22.0% for TGRT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 TGRT charges 0.38%. On a $10,000 position that is $18 vs $38 annually, a gap of $20 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.07% for TGRT.
Holdings Overlap
61.3% of QQQ's money is in holdings TGRT also owns. 62.9% of TGRT's money is in holdings QQQ also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 102 positions we hold weights for in QQQ and 94 in TGRT, against full books of 107 and 94.
What only one of them owns
Our book lists 54 positions for TGRT that do not appear in our book for QQQ (30.4% of the fund), and 65 for QQQ that do not appear in TGRT (37.7%).
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 TGRT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 15.70% | 7.26% |
| GOOGLAlphabet Inc,class A | 3.36% | 10.62% | 7.26% |
| AAPLApple, Inc | 7.27% | 6.53% | 0.74% |
| MSFTMicrosoft Corp | 5.76% | 5.09% | 0.67% |
| AVGOBroadcom Inc | 3.16% | 5.18% | 2.02% |
| MUMicron Technology, Inc. | 4.43% | 2.38% | 2.05% |
| AMZNAmazon.Com Inc | 4.67% | 1.26% | 3.41% |
| METAMeta Platforms Inc | 2.78% | 2.89% | 0.11% |
| TSLATesla Inc | 2.56% | 1.36% | 1.20% |
| PLTRPalantir Technologies Inc | 1.60% | 0.95% | 0.65% |
62.9% of TGRT 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 TGRT?
QQQ has an expense ratio of 0.18% while TGRT charges 0.38%. QQQ is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, QQQ or TGRT?
Over the past year QQQ returned +20.44% vs +5.20% for TGRT, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TGRT?
QQQ has been the more volatile fund at 17.3% annualized versus 16.2% for TGRT. Worst drawdown: QQQ -22.8% vs TGRT -22.0%.
Should I hold both QQQ and TGRT?
QQQ and TGRT have a monthly-return correlation of 0.95, 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 TGRT?
62.9% of TGRT's money is in holdings QQQ also owns. 62.9% of TGRT's is in holdings QQQ also owns. They hold 33 positions in common, counted across the 102 positions we hold weights for in QQQ and 94 in TGRT.
Which pays a higher dividend, QQQ or TGRT?
QQQ yields 0.44% while TGRT yields 0.07%, so QQQ currently pays the higher dividend yield.
Is TGRT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 56.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.