QQQ vs USVM
Invesco QQQ Trust, Series 1 vs VictoryShares US Small Mid Cap Value Momentum ETF
Which is better, QQQ or USVM?
Large Cap Growth against Small Cap Value.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, USVM over 1Y. USVM is less concentrated, with 7.0% 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 | USVM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.29% |
| AUM | $483.5B | $1.8B |
| Dividend Yield | 0.44% | 1.85% |
| Holdings | 107 | 289 |
| YTD Return | +15.21% | +16.16%Best |
| 1Y Return | +19.78% | +20.66%Best |
| 3Y Return (annualized) | +24.58%Best | +18.78% |
| 5Y Return (annualized) | +13.93%Best | +10.29% |
| Volatility (annualized) | 20.0%Best | 20.2% |
| Max Drawdown | -35.1%Best | -44.1% |
| $10,000 over 5 years | $19,195Best | $16,319 |
| Top 10 Weight | 46.5% | 7.0%Best |
| Fund Family | Invesco (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Small 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 16, 2026 (8.9 years).
QQQ vs USVM 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 USVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an ETF from Victory Capital Management Inc.. Over the past year QQQ returned +19.78% while USVM returned +20.66%. Year to date, QQQ is up 15.21% versus a gain of 16.16% for USVM.
Over three years, QQQ compounded at +24.58% per year against +18.78% for USVM; over five years the annualized figures are +13.93% and +10.29% respectively. Across the full 9-year window we track, QQQ has the edge at +19.72% annualized vs +9.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USVM has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 20.0% for QQQ. 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 -44.1% for USVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while USVM charges 0.29%. On a $10,000 position that is $18 vs $29 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.85% for USVM.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 287 in USVM, totalling 99.9% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 287 in USVM, against full books of 107 and 289.
What only one of them owns
Our book lists 279 positions for USVM that do not appear in our book for QQQ (96.7% of the fund), and 96 for QQQ that do not appear in USVM (97.5%).
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.
You are not choosing between two funds in isolation.
Whichever of QQQ and USVM 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 USVM?
QQQ has an expense ratio of 0.18% while USVM charges 0.29%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, QQQ or USVM?
Over the past year QQQ returned +19.78% vs +20.66% for USVM, so USVM leads on 1-year performance. Over the longest common window we track (9 years), QQQ annualized +19.72% vs +9.91% for USVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or USVM?
USVM has been the more volatile fund at 20.2% annualized versus 20.0% for QQQ. Worst drawdown: QQQ -35.1% vs USVM -44.1%.
Should I hold both QQQ and USVM?
QQQ and USVM have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or USVM?
QQQ yields 0.44% while USVM yields 1.85%, so USVM currently pays the higher dividend yield.
Is USVM better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, USVM over 1Y. USVM is less concentrated, with 7.0% 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.