QQQ vs USEW
Invesco QQQ Trust, Series 1 vs Cambria US EW ETF
Which is better, QQQ or USEW?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. USEW is less concentrated, with 21.7% 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 | USEW |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.30% |
| AUM | $483.5B | $190M |
| Dividend Yield | 0.44% | 0.54% |
| Holdings | 107 | 428 |
| YTD Return | +15.21%Best | +9.04% |
| 1Y Return | +19.78% | - |
| 3Y Return (annualized) | +24.58% | - |
| 5Y Return (annualized) | +13.93% | - |
| Top 10 Weight | 46.5% | 21.7%Best |
| Fund Family | Invesco (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Dec 18, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QQQ vs USEW 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 USEW Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Cambria US EW ETF (USEW) is an ETF from Cambria Investment Management. Year to date, QQQ is up 15.21% versus a gain of 9.04% for USEW.
Past performance does not guarantee future results.
Fees and Cost Over Time
QQQ charges 0.18% per year while USEW charges 0.30%. On a $10,000 position that is $18 vs $30 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.54% for USEW.
Holdings Overlap
95.3% of QQQ's money is in holdings USEW also owns. 24.2% of USEW's money is in holdings QQQ also owns.
Most of QQQ is already inside USEW. Owning both mostly buys the same companies twice.
88 positions in common, counted across the 102 positions we hold weights for in QQQ and 427 in USEW, against full books of 107 and 428.
What only one of them owns
Our book lists 297 positions for USEW that do not appear in our book for QQQ (75.7% of the fund), and 9 for QQQ that do not appear in USEW (3.0%).
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 USEW | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 1.08% | 7.36% |
| AAPLApple, Inc | 7.27% | 1.66% | 5.61% |
| MSFTMicrosoft Corp | 5.76% | 1.22% | 4.54% |
| AMZNAmazon.Com Inc | 4.67% | 0.98% | 3.69% |
| MUMicron Technology, Inc. | 4.43% | 0.41% | 4.02% |
| AVGOBroadcom Inc | 3.16% | 1.02% | 2.14% |
| GOOGAlphabet Inc | 3.13% | 0.92% | 2.21% |
| GOOGLAlphabet Inc,class A | 3.36% | 0.48% | 2.88% |
| AMDAdvanced Micro Devices Inc | 3.45% | 0.34% | 3.11% |
| METAMeta Platforms Inc | 2.78% | 0.74% | 2.04% |
95.3% of QQQ is already inside USEW.
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 USEW?
QQQ has an expense ratio of 0.18% while USEW charges 0.30%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
What is the holdings overlap between QQQ and USEW?
95.3% of QQQ's money is in holdings USEW also owns. 24.2% of USEW's is in holdings QQQ also owns. They hold 88 positions in common, counted across the 102 positions we hold weights for in QQQ and 427 in USEW.
Which pays a higher dividend, QQQ or USEW?
QQQ yields 0.44% while USEW yields 0.54%, so USEW currently pays the higher dividend yield.
Is USEW better than QQQ?
QQQ has a lower expense ratio. USEW is less concentrated, with 21.7% 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.