QQQ vs ULVM
Invesco QQQ Trust, Series 1 vs VictoryShares US Value Momentum ETF
Which is better, QQQ or ULVM?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ULVM is less concentrated, with 14.4% 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 | ULVM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.20% |
| AUM | $483.5B | $263M |
| Dividend Yield | 0.44% | 1.64% |
| Holdings | 107 | 126 |
| YTD Return | +17.11%Best | +17.10% |
| 1Y Return | +23.99%Best | +23.10% |
| 3Y Return (annualized) | +24.62%Best | +21.31% |
| 5Y Return (annualized) | +14.23%Best | +11.84% |
| Volatility (annualized) | 19.9% | 16.9%Best |
| Max Drawdown | -35.1%Best | -40.8% |
| $10,000 over 5 years | $19,449Best | $17,498 |
| Top 10 Weight | 46.5% | 14.4%Best |
| Fund Family | Invesco (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Oct 24, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Sep 9, 2026 (8.9 years).
QQQ vs ULVM 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 8.9 years both funds cover.
QQQ vs ULVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and VictoryShares US Value Momentum ETF (ULVM) is an ETF from Victory Capital Management Inc.. Over the past year QQQ returned +23.99% while ULVM returned +23.10%. Year to date, QQQ is up 17.11% versus a gain of 17.10% for ULVM.
Over three years, QQQ compounded at +24.62% per year against +21.31% for ULVM; over five years the annualized figures are +14.23% and +11.84% respectively. Across the full 9-year window we track, QQQ has the edge at +19.99% annualized vs +10.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.9% for ULVM. 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 -40.8% for ULVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while ULVM charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.64% for ULVM.
Holdings Overlap
15.2% of QQQ's money is in holdings ULVM also owns. 9.1% of ULVM's money is in holdings QQQ also owns.
QQQ and ULVM share little of their money.
14 positions in common, counted across the 102 positions we hold weights for in QQQ and 124 in ULVM, against full books of 107 and 126.
What only one of them owns
Our book lists 105 positions for ULVM that do not appear in our book for QQQ (88.1% of the fund), and 81 for QQQ that do not appear in ULVM (81.8%).
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 ULVM | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.43% | 0.27% | 4.16% |
| GOOGLAlphabet Inc,class A | 3.36% | 0.71% | 2.65% |
| INTCIntel Corporation | 2.23% | 0.25% | 1.98% |
| GILDGilead Sciences | 0.72% | 0.84% | 0.12% |
| ADIAnalog Devices, Inc. | 0.81% | 0.62% | 0.19% |
| PCARPaccar Inc. | 0.31% | 0.99% | 0.68% |
| ROSTRoss Stores, Inc. | 0.36% | 0.94% | 0.58% |
| MARMarriott International, Inc. | 0.42% | 0.76% | 0.34% |
| REGNRegeneron Pharmaceuticals, Inc. | 0.35% | 0.79% | 0.44% |
| KHCKraft Heinz Co. | 0.13% | 0.99% | 0.86% |
You are not choosing between two funds in isolation.
Whichever of QQQ and ULVM 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 ULVM?
QQQ has an expense ratio of 0.18% while ULVM charges 0.20%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, QQQ or ULVM?
Over the past year QQQ returned +23.99% vs +23.10% for ULVM, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), QQQ annualized +19.99% vs +10.20% for ULVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or ULVM?
QQQ has been the more volatile fund at 19.9% annualized versus 16.9% for ULVM. Worst drawdown: QQQ -35.1% vs ULVM -40.8%.
Should I hold both QQQ and ULVM?
QQQ and ULVM have a monthly-return correlation of 0.72, 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 ULVM?
15.2% of QQQ's money is in holdings ULVM also owns. 9.1% of ULVM's is in holdings QQQ also owns. They hold 14 positions in common, counted across the 102 positions we hold weights for in QQQ and 124 in ULVM.
Which pays a higher dividend, QQQ or ULVM?
QQQ yields 0.44% while ULVM yields 1.64%, so ULVM currently pays the higher dividend yield.
Is ULVM better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. ULVM is less concentrated, with 14.4% 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.