QQQ vs VAMO
Invesco QQQ Trust, Series 1 vs Cambria Value and Momentum Hedged Equity ETF
Which is better, QQQ or VAMO?
Large Cap Growth against Small Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | VAMO |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.65% |
| AUM | $437.3B | $85M |
| Dividend Yield | 0.43% | 0.65% |
| Holdings | 208 | 208 |
| YTD Return | +12.98%Best | +3.38% |
| 1Y Return | +11.59%Best | +7.94% |
| 3Y Return (annualized) | +23.05%Best | +12.37% |
| 5Y Return (annualized) | +12.74%Best | +6.68% |
| Volatility (annualized) | 18.9% | 13.0%Best |
| Max Drawdown | -35.1%Best | -41.8% |
| $10,000 over 5 years | $18,213Best | $13,817 |
| Fund Family | Invesco (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Small Cap Blend |
| Inception | Mar 10, 1999 | Sep 8, 2015 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2015 to Nov 11, 2026 (11.2 years).
QQQ vs VAMO 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 11.2 years both funds cover.
QQQ vs VAMO Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Cambria Value and Momentum Hedged Equity ETF (VAMO) is an ETF from Cambria Investment Management. Over the past year QQQ returned +11.59% while VAMO returned +7.94%. Year to date, QQQ is up 12.98% versus a gain of 3.38% for VAMO.
Over three years, QQQ compounded at +23.05% per year against +12.37% for VAMO; over five years the annualized figures are +12.74% and +6.68% respectively. Across the full 11-year window we track, QQQ has the edge at +18.83% annualized vs +4.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 13.0% for VAMO. 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 -41.8% for VAMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while VAMO charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 0.65% for VAMO.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 102 in VAMO, totalling 99.7% and 94.8% 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 101 positions we hold weights for in QQQ and 102 in VAMO, against full books of 208 and 208.
You are not choosing between two funds in isolation.
Whichever of QQQ and VAMO 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 VAMO?
QQQ has an expense ratio of 0.18% while VAMO charges 0.65%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, QQQ or VAMO?
Over the past year QQQ returned +11.59% vs +7.94% for VAMO, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +18.83% vs +4.22% for VAMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VAMO?
QQQ has been the more volatile fund at 18.9% annualized versus 13.0% for VAMO. Worst drawdown: QQQ -35.1% vs VAMO -41.8%.
Should I hold both QQQ and VAMO?
QQQ and VAMO have a monthly-return correlation of 0.20, 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 VAMO?
QQQ yields 0.43% while VAMO yields 0.65%, so VAMO currently pays the higher dividend yield.
Is VAMO better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.