QQQ vs TXS
Invesco QQQ Trust, Series 1 vs Texas Capital Texas Equity Index ETF
Which is better, QQQ or TXS?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. TXS is less concentrated, with 42.0% 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 | TXS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.49% |
| AUM | $498.6B | $40M |
| Dividend Yield | 0.42% | 0.75% |
| Holdings | 321 | 228 |
| Volatility (annualized) | 17.5% | 13.8%Best |
| Max Drawdown | -22.8% | -19.7%Best |
| $10,000 over 3.2 years | $18,999Best | $17,364 |
| Top 10 Weight | 47.2% | 42.0%Best |
| Fund Family | Invesco (US) | Texas Capital |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jul 12, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 16 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Oct 1, 2026 and TXS through Sep 15, 2026.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 13, 2023 to Sep 15, 2026 (3.2 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 13.8% for TXS. 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 -19.7% for TXS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TXS 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 0.42% against 0.75% for TXS.
Holdings Overlap
5.6% of QQQ's money is in holdings TXS also owns. 13.3% of TXS's money is in holdings QQQ also owns.
TXS and QQQ share little of their money.
6 positions in common, counted across the 102 positions we hold weights for in QQQ and 228 in TXS, against full books of 321 and 228.
What only one of them owns
Our book lists 221 positions for TXS that do not appear in our book for QQQ (86.6% of the fund), and 90 for QQQ that do not appear in TXS (92.2%).
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.
You are not choosing between two funds in isolation.
Whichever of QQQ and TXS 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 TXS?
QQQ has an expense ratio of 0.18% while TXS charges 0.49%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which is riskier, QQQ or TXS?
QQQ has been the more volatile fund at 17.5% annualized versus 13.8% for TXS. Worst drawdown: QQQ -22.8% vs TXS -19.7%.
Should I hold both QQQ and TXS?
QQQ and TXS have a monthly-return correlation of 0.61, 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 TXS?
13.3% of TXS's money is in holdings QQQ also owns. 13.3% of TXS's is in holdings QQQ also owns. They hold 6 positions in common, counted across the 102 positions we hold weights for in QQQ and 228 in TXS.
Which pays a higher dividend, QQQ or TXS?
QQQ yields 0.42% while TXS yields 0.75%, so TXS currently pays the higher dividend yield.
Is TXS better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. TXS is less concentrated, with 42.0% 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.