QQQ vs VONE
Invesco QQQ Trust, Series 1 vs Vanguard Russell 1000 ETF
Quick Verdict
VONE has a lower expense ratio. QQQ delivered stronger 1-year returns. VONE offers more diversification with 1,007 holdings.
Side-by-Side Comparison
| Metric | QQQ | VONE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $496.3B | $8.4B | |
| Dividend Yield | 0.44% | 1.03% | |
| Holdings | 108 | 1,007 | |
| YTD Return | +16.19% | +12.66% | |
| 1Y Return | +25.22% | +20.21% | |
| 3Y Return (annualized) | +25.47% | +21.49% | |
| 5Y Return (annualized) | +14.34% | +12.15% | |
| Volatility (annualized) | 30.6% | 14.4% | |
| Max Drawdown | -83.0% | -34.7% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 20, 2010 |
QQQ vs VONE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Vanguard Russell 1000 ETF (VONE) is a ETF from Vanguard (US). Over the past year QQQ returned +25.22% while VONE returned +20.21%. Year to date, QQQ is up 16.19% versus a gain of 12.66% for VONE.
Over three years, QQQ compounded at +25.47% per year against +21.49% for VONE; over five years the annualized figures are +14.34% and +12.15% respectively. Across the full 16-year window we track, VONE has the edge at +13.25% annualized vs +13.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.4% for VONE. 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 -34.7% for VONE. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while VONE charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.03% for VONE.
Holdings Overlap
QQQ and VONE share 91 holdings out of 1030 unique holdings combined, representing a 50.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or VONE?
QQQ has an expense ratio of 0.18% while VONE charges 0.06%. VONE is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, QQQ or VONE?
Over the past year QQQ returned +25.22% vs +20.21% for VONE, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), QQQ annualized +13.01% vs +13.25% for VONE. Past performance does not guarantee future results.
Which is riskier, QQQ or VONE?
QQQ has been the more volatile fund at 30.6% annualized versus 14.4% for VONE. Worst drawdown: QQQ -83.0% vs VONE -34.7%.
Should I hold both QQQ and VONE?
QQQ and VONE have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and VONE?
QQQ and VONE share 91 common holdings with a 50.0% weight overlap. Combined, they hold 1030 unique securities.
Which pays a higher dividend, QQQ or VONE?
QQQ yields 0.44% while VONE yields 1.03%, so VONE currently pays the higher dividend yield.
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