QQQ vs TNXT
Invesco QQQ Trust, Series 1 vs T. Rowe Price Innovation Leaders ETF
Which is better, QQQ or TNXT?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. TNXT is less concentrated, with 33.6% 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 | TNXT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.49% |
| AUM | $483.5B | $18M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 107 | 303 |
| YTD Return | +15.21%Best | +12.47% |
| 1Y Return | +19.78% | - |
| 3Y Return (annualized) | +24.58% | - |
| 5Y Return (annualized) | +13.93% | - |
| Top 10 Weight | 46.5% | 33.6%Best |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jan 28, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QQQ vs TNXT 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 TNXT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Innovation Leaders ETF (TNXT) is an ETF from T.Rowe Price. Year to date, QQQ is up 15.21% versus a gain of 12.47% for TNXT.
Past performance does not guarantee future results.
Fees and Cost Over Time
QQQ charges 0.18% per year while TNXT charges 0.49%. On a $10,000 position that is $18 vs $49 annually, a gap of $31 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TNXT.
Holdings Overlap
66.9% of QQQ's money is in holdings TNXT also owns. 46.5% of TNXT's money is in holdings QQQ also owns.
The two portfolios partly overlap.
38 positions in common, counted across the 102 positions we hold weights for in QQQ and 270 in TNXT, against full books of 107 and 303.
What only one of them owns
Our book lists 166 positions for TNXT that do not appear in our book for QQQ (39.7% of the fund), and 60 for QQQ that do not appear in TNXT (32.1%).
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 TNXT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 7.98% | 0.46% |
| AAPLApple, Inc | 7.27% | 5.27% | 2.00% |
| MSFTMicrosoft Corp | 5.76% | 3.72% | 2.04% |
| AMZNAmazon.Com Inc | 4.67% | 3.94% | 0.73% |
| AVGOBroadcom Inc | 3.16% | 2.90% | 0.26% |
| MUMicron Technology, Inc. | 4.43% | 1.62% | 2.81% |
| GOOGLAlphabet Inc,class A | 3.36% | 2.30% | 1.06% |
| AMDAdvanced Micro Devices Inc | 3.45% | 2.10% | 1.35% |
| GOOGAlphabet Inc | 3.13% | 2.10% | 1.03% |
| METAMeta Platforms Inc | 2.78% | 1.61% | 1.17% |
66.9% of QQQ is already inside TNXT.
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 TNXT?
QQQ has an expense ratio of 0.18% while TNXT charges 0.49%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
What is the holdings overlap between QQQ and TNXT?
66.9% of QQQ's money is in holdings TNXT also owns. 46.5% of TNXT's is in holdings QQQ also owns. They hold 38 positions in common, counted across the 102 positions we hold weights for in QQQ and 270 in TNXT.
Which pays a higher dividend, QQQ or TNXT?
QQQ yields 0.44% while TNXT yields 0.00%, so QQQ currently pays the higher dividend yield.
Is TNXT better than QQQ?
QQQ has a lower expense ratio. TNXT is less concentrated, with 33.6% 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.