QQQ vs VOOV
Invesco QQQ Trust, Series 1 vs Vanguard S&P 500 Value ETF
Which is better, QQQ or VOOV?
Large Cap Growth against Large Cap Value.
VOOV has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, VOOV over 1Y. VOOV is less concentrated, with 24.7% of the fund in its ten largest positions against 46.9%.
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 | VOOV |
|---|---|---|
| Expense Ratio | 0.18% | 0.07%Best |
| AUM | $437.3B | $7.2B |
| Dividend Yield | 0.43% | 1.61% |
| Holdings | 208 | 453 |
| YTD Return | +12.98% | +15.47%Best |
| 1Y Return | +11.59% | +16.91%Best |
| 3Y Return (annualized) | +23.05%Best | +17.66% |
| 5Y Return (annualized) | +12.74%Best | +11.70% |
| Volatility (annualized) | 17.3% | 14.3%Best |
| Max Drawdown | -35.1%Best | -37.7% |
| $10,000 over 5 years | $18,213Best | $17,389 |
| Top 10 Weight | 46.9% | 24.7%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Nov 11, 2026 (16.2 years).
QQQ vs VOOV 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 16.2 years both funds cover.
QQQ vs VOOV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Vanguard S&P 500 Value ETF (VOOV) is an ETF from Vanguard (US). Over the past year QQQ returned +11.59% while VOOV returned +16.91%. Year to date, QQQ is up 12.98% versus a gain of 15.47% for VOOV.
Over three years, QQQ compounded at +23.05% per year against +17.66% for VOOV; over five years the annualized figures are +12.74% and +11.70% respectively. Across the full 16-year window we track, QQQ has the edge at +18.41% annualized vs +10.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.3% for VOOV. 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 -37.7% for VOOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while VOOV charges 0.07%. On a $10,000 position that is $18 vs $7 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 1.61% for VOOV.
Holdings Overlap
45.0% of QQQ's money is in holdings VOOV also owns. 32.5% of VOOV's money is in holdings QQQ also owns.
The two portfolios partly overlap.
60 positions in common, counted across the 101 positions we hold weights for in QQQ and 437 in VOOV, against full books of 208 and 453.
What only one of them owns
Measured across the 101 and 437 positions we hold weights for.
QQQ holds 34 positions VOOV does not, 52.2% of the fund.
Largest: NVDA 8.05%, MSFT 6.16%, MU 4.47%, AMD 3.90%, META 3.37%
Top Shared Holdings
| Stock | Weight in QQQ | Weight in VOOV | Difference |
|---|---|---|---|
| AAPLApple Inc | 7.68% | 8.33% | 0.65% |
| AMZNAmazon.Com Inc | 4.23% | 3.94% | 0.29% |
| TSLATesla Inc | 2.93% | 1.30% | 1.63% |
| INTCIntel Corp. | 2.13% | 2.05% | 0.08% |
| WMTWalmart Inc | 2.43% | 1.59% | 0.84% |
| COSTCostco Wholesale Corp. | 1.84% | 1.38% | 0.46% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.84% | 0.68% | 1.16% |
| TXNTexas Instrument Inc | 1.08% | 0.88% | 0.20% |
| PANWPalo Alto Networks Inc. | 1.28% | 0.49% | 0.79% |
| LINLinde Plc Ordinary Shares | 0.97% | 0.75% | 0.22% |
45.0% of QQQ is already inside VOOV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, QQQ or VOOV?
QQQ has an expense ratio of 0.18% while VOOV charges 0.07%. VOOV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, QQQ or VOOV?
Over the past year QQQ returned +11.59% vs +16.91% for VOOV, so VOOV leads on 1-year performance. Over the longest common window we track (16 years), QQQ annualized +18.41% vs +10.70% for VOOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VOOV?
QQQ has been the more volatile fund at 17.3% annualized versus 14.3% for VOOV. Worst drawdown: QQQ -35.1% vs VOOV -37.7%.
Should I hold both QQQ and VOOV?
QQQ and VOOV have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and VOOV?
45.0% of QQQ's money is in holdings VOOV also owns. 32.5% of VOOV's is in holdings QQQ also owns. They hold 60 positions in common, counted across the 101 positions we hold weights for in QQQ and 437 in VOOV.
Which pays a higher dividend, QQQ or VOOV?
QQQ yields 0.43% while VOOV yields 1.61%, so VOOV currently pays the higher dividend yield.
Is VOOV better than QQQ?
VOOV has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, VOOV over 1Y. VOOV is less concentrated, with 24.7% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.