QQQ vs VLLU
Invesco QQQ Trust, Series 1 vs Harbor AlphaEdge Large Cap Value ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | VLLU | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.25% | |
| AUM | $496.3B | $5M | |
| Dividend Yield | 0.44% | 1.35% | |
| Holdings | 108 | 75 | |
| YTD Return | +16.64% | +13.37% | |
| 1Y Return | +27.27% | +22.39% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 10.7% | |
| Max Drawdown | -83.0% | -16.6% | |
| Fund Family | Invesco (US) | Harbor Funds | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 3, 2024 |
QQQ vs VLLU Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Harbor AlphaEdge Large Cap Value ETF (VLLU) is a ETF from Harbor Funds. Over the past year QQQ returned +27.27% while VLLU returned +22.39%. Year to date, QQQ is up 16.64% versus a gain of 13.37% for VLLU.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.7% for VLLU. 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 -83.0% for QQQ and -16.6% for VLLU. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while VLLU charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.35% for VLLU.
Holdings Overlap
QQQ and VLLU share 14 holdings out of 162 unique holdings combined, representing a 18.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or VLLU?
QQQ has an expense ratio of 0.18% while VLLU charges 0.25%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQQ or VLLU?
Over the past year QQQ returned +27.27% vs +22.39% for VLLU, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +17.69% for VLLU. Past performance does not guarantee future results.
Which is riskier, QQQ or VLLU?
QQQ has been the more volatile fund at 30.6% annualized versus 10.7% for VLLU. Worst drawdown: QQQ -83.0% vs VLLU -16.6%.
Should I hold both QQQ and VLLU?
QQQ and VLLU have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and VLLU?
QQQ and VLLU share 14 common holdings with a 18.9% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, QQQ or VLLU?
QQQ yields 0.44% while VLLU yields 1.35%, so VLLU currently pays the higher dividend yield.
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