QQQ vs VPX
Invesco QQQ Trust, Series 1 vs Variant Perception Cycle Aware US Equity ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | VPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.75% | |
| AUM | $496.3B | $54M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 63 | |
| YTD Return | +19.52% | +27.88% | |
| 1Y Return | +26.68% | - | |
| 3Y Return (annualized) | +26.64% | - | |
| 5Y Return (annualized) | +15.36% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -5.9% | |
| Fund Family | Invesco (US) | Variant Perception, LLC | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 11, 2026 |
QQQ vs VPX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Variant Perception Cycle Aware US Equity ETF (VPX) is a ETF from Variant Perception, LLC. Year to date, QQQ is up 19.52% versus a gain of 27.88% for VPX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -5.9% for VPX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while VPX charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for VPX.
Holdings Overlap
QQQ and VPX share 32 holdings out of 193 unique holdings combined, representing a 25.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or VPX?
QQQ has an expense ratio of 0.18% while VPX charges 0.75%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
What is the holdings overlap between QQQ and VPX?
QQQ and VPX share 32 common holdings with a 25.7% weight overlap. Combined, they hold 193 unique securities.
Which pays a higher dividend, QQQ or VPX?
QQQ yields 0.44% while VPX yields 0.00%, so QQQ currently pays the higher dividend yield.
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