QQQ vs USFE
Invesco QQQ Trust, Series 1 vs First Eagle US Equity ETF
Which is better, QQQ or USFE?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. USFE is less concentrated, with 36.6% 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 | USFE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.45% |
| AUM | $486.1B | $3M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 107 | 57 |
| YTD Return | +17.54%Best | +8.92% |
| 1Y Return | +25.59% | - |
| 3Y Return (annualized) | +24.63% | - |
| 5Y Return (annualized) | +14.18% | - |
| Top 10 Weight | 46.5% | 36.6%Best |
| Fund Family | Invesco (US) | First Eagle Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Jan 27, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QQQ vs USFE 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 USFE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and First Eagle US Equity ETF (USFE) is an ETF from First Eagle Investments. Year to date, QQQ is up 17.54% versus a gain of 8.92% for USFE.
Past performance does not guarantee future results.
Fees and Cost Over Time
QQQ charges 0.18% per year while USFE charges 0.45%. On a $10,000 position that is $18 vs $45 annually, a gap of $27 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for USFE.
Holdings Overlap
13.4% of QQQ's money is in holdings USFE also owns. 18.4% of USFE's money is in holdings QQQ also owns.
USFE and QQQ share little of their money.
7 positions in common, counted across the 102 positions we hold weights for in QQQ and 55 in USFE, against full books of 107 and 57.
What only one of them owns
Our book lists 39 positions for USFE that do not appear in our book for QQQ (70.5% of the fund), and 87 for QQQ that do not appear in USFE (83.5%).
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 USFE | Difference |
|---|---|---|---|
| GOOGAlphabet, Inc., Class C | 3.13% | 4.80% | 1.67% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 1.54% | 4.22% |
| METAMeta Platform Inc | 2.78% | 3.68% | 0.90% |
| ADPAutomatic Data Processing, Inc. | 0.47% | 2.37% | 1.90% |
| WDAYWorkday Inc | 0.15% | 2.49% | 2.34% |
| BKNGBooking Holdings, Inc. | 0.70% | 1.62% | 0.92% |
| CMCSACOMCAST CORP CLASS A | 0.39% | 1.85% | 1.46% |
You are not choosing between two funds in isolation.
Whichever of QQQ and USFE 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 USFE?
QQQ has an expense ratio of 0.18% while USFE charges 0.45%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
What is the holdings overlap between QQQ and USFE?
18.4% of USFE's money is in holdings QQQ also owns. 18.4% of USFE's is in holdings QQQ also owns. They hold 7 positions in common, counted across the 102 positions we hold weights for in QQQ and 55 in USFE.
Which pays a higher dividend, QQQ or USFE?
QQQ yields 0.44% while USFE yields 0.00%, so QQQ currently pays the higher dividend yield.
Is USFE better than QQQ?
QQQ has a lower expense ratio. USFE is less concentrated, with 36.6% 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.