QQQ vs TMDV
Invesco QQQ Trust, Series 1 vs ProShares Russell US Dividend Growers ETF
Which is better, QQQ or TMDV?
Large Cap Growth against Mid Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. TMDV is less concentrated, with 17.4% of the fund in its ten largest positions against 46.5%.
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 | TMDV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $483.5B | $5M |
| Dividend Yield | 0.44% | 2.46% |
| Holdings | 107 | 66 |
| YTD Return | +16.87%Best | +9.62% |
| 1Y Return | +22.98%Best | +6.06% |
| 3Y Return (annualized) | +24.98%Best | +6.35% |
| 5Y Return (annualized) | +14.39%Best | +3.80% |
| Volatility (annualized) | 20.8% | 16.2%Best |
| Max Drawdown | -35.1% | -33.4%Best |
| $10,000 over 5 years | $19,586Best | $12,050 |
| Top 10 Weight | 46.5% | 17.4%Best |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Mid Cap Value |
| Inception | Mar 10, 1999 | Nov 5, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 11, 2026 (6.8 years).
QQQ vs TMDV 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 6.8 years both funds cover.
QQQ vs TMDV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ProShares Russell US Dividend Growers ETF (TMDV) is an ETF from ProShares. Over the past year QQQ returned +22.98% while TMDV returned +6.06%. Year to date, QQQ is up 16.87% versus a gain of 9.62% for TMDV.
Over three years, QQQ compounded at +24.98% per year against +6.35% for TMDV; over five years the annualized figures are +14.39% and +3.80% respectively. Across the full 7-year window we track, QQQ has the edge at +20.99% annualized vs +6.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 16.2% for TMDV. 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 -33.4% for TMDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMDV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.46% for TMDV.
Holdings Overlap
3.7% of QQQ's money is in holdings TMDV also owns. 4.5% of TMDV's money is in holdings QQQ also owns.
TMDV and QQQ share little of their money.
3 positions in common, counted across the 102 positions we hold weights for in QQQ and 64 in TMDV, against full books of 107 and 66.
What only one of them owns
Measured across the 102 and 64 positions we hold weights for.
QQQ holds 92 positions TMDV does not, 93.3% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of QQQ and TMDV 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 TMDV?
QQQ has an expense ratio of 0.18% while TMDV charges 0.35%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, QQQ or TMDV?
Over the past year QQQ returned +22.98% vs +6.06% for TMDV, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +20.99% vs +6.02% for TMDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TMDV?
QQQ has been the more volatile fund at 20.8% annualized versus 16.2% for TMDV. Worst drawdown: QQQ -35.1% vs TMDV -33.4%.
Should I hold both QQQ and TMDV?
QQQ and TMDV have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and TMDV?
4.5% of TMDV's money is in holdings QQQ also owns. 4.5% of TMDV's is in holdings QQQ also owns. They hold 3 positions in common, counted across the 102 positions we hold weights for in QQQ and 64 in TMDV.
Which pays a higher dividend, QQQ or TMDV?
QQQ yields 0.44% while TMDV yields 2.46%, so TMDV currently pays the higher dividend yield.
Is TMDV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. TMDV is less concentrated, with 17.4% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.