QQQ vs TSPA
Invesco QQQ Trust, Series 1 vs T Rowe Price US Equity Research ETF
Which is better, QQQ or TSPA?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. TSPA is less concentrated, with 36.4% of the fund in its ten largest positions against 47.2%.
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 | TSPA |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.34% |
| AUM | $498.6B | $4.6B |
| Dividend Yield | 0.42% | 0.55% |
| Holdings | 321 | 330 |
| YTD Return | +24.01%Best | +14.85% |
| 1Y Return | +25.94%Best | +17.78% |
| 3Y Return (annualized) | +28.16%Best | +23.28% |
| 5Y Return (annualized) | +16.56%Best | +14.09% |
| Volatility (annualized) | 20.5% | 15.5%Best |
| Max Drawdown | -35.1% | -24.7%Best |
| $10,000 over 5 years | $21,515Best | $19,330 |
| Top 10 Weight | 47.2% | 36.4%Best |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 9, 2021 to Oct 7, 2026 (5.3 years).
QQQ vs TSPA 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 5.3 years both funds cover.
QQQ vs TSPA Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year QQQ returned +25.94% while TSPA returned +17.78%. Year to date, QQQ is up 24.01% versus a gain of 14.85% for TSPA.
Over three years, QQQ compounded at +28.16% per year against +23.28% for TSPA; over five years the annualized figures are +16.56% and +14.09% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 15.5% for TSPA. 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 -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 TSPA charges 0.34%. On a $10,000 position that is $18 vs $34 annually, a gap of $16 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.55% for TSPA.
Holdings Overlap
90.7% of QQQ's money is in holdings TSPA also owns. 54.9% of TSPA's money is in holdings QQQ also owns.
Most of QQQ is already inside TSPA. Owning both mostly buys the same companies twice.
72 positions in common, counted across the 102 positions we hold weights for in QQQ and 330 in TSPA, against full books of 321 and 330.
What only one of them owns
Our book lists 239 positions for TSPA that do not appear in our book for QQQ (42.6% of the fund), and 25 for QQQ that do not appear in TSPA (7.7%).
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 TSPA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 7.39% | 1.06% |
| AAPLApple, Inc | 7.80% | 6.50% | 1.30% |
| MSFTMicrosoft Corp | 5.88% | 4.27% | 1.61% |
| AMZNAmazon.Com Inc | 4.41% | 3.71% | 0.70% |
| MUMicron Technology, Inc. | 4.85% | 2.14% | 2.71% |
| GOOGAlphabet Inc. C | 2.93% | 3.34% | 0.41% |
| GOOGLAlphabet Inc,class A | 3.15% | 2.58% | 0.57% |
| AMDAdvanced Micro Devices Inc | 3.71% | 1.76% | 1.95% |
| AVGOBroadcom Inc | 2.74% | 2.65% | 0.09% |
| METAMeta Platforms Inc | 3.07% | 2.04% | 1.03% |
90.7% of QQQ is already inside TSPA.
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 TSPA?
QQQ has an expense ratio of 0.18% while TSPA charges 0.34%. QQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, QQQ or TSPA?
Over the past year QQQ returned +25.94% vs +17.78% for TSPA, 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 TSPA?
QQQ has been the more volatile fund at 20.5% annualized versus 15.5% for TSPA. Worst drawdown: QQQ -35.1% vs TSPA -24.7%.
Should I hold both QQQ and TSPA?
QQQ and TSPA have a monthly-return correlation of 0.93, 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 TSPA?
90.7% of QQQ's money is in holdings TSPA also owns. 54.9% of TSPA's is in holdings QQQ also owns. They hold 72 positions in common, counted across the 102 positions we hold weights for in QQQ and 330 in TSPA.
Which pays a higher dividend, QQQ or TSPA?
QQQ yields 0.42% while TSPA yields 0.55%, so TSPA currently pays the higher dividend yield.
Is TSPA better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. TSPA is less concentrated, with 36.4% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.