QQQ vs VV
Invesco QQQ Trust, Series 1 vs Vanguard Morningstar Large-Cap ETF
Which is better, QQQ or VV?
Large Cap Growth against Large Cap Blend.
VV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VV is less concentrated, with 36.6% of the fund in its ten largest positions against 46.5%.
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 | VV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $483.5B | $52.6B |
| Dividend Yield | 0.44% | 0.99% |
| Holdings | 107 | 437 |
| YTD Return | +15.86%Best | +11.53% |
| 1Y Return | +22.63%Best | +17.26% |
| 3Y Return (annualized) | +24.15%Best | +20.88% |
| 5Y Return (annualized) | +14.16%Best | +12.39% |
| Volatility (annualized) | 18.3% | 14.8%Best |
| Max Drawdown | -53.5%Best | -56.0% |
| $10,000 over 5 years | $19,390Best | $17,932 |
| Top 10 Weight | 46.5% | 36.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 10, 2026 (22.6 years).
QQQ vs VV 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 22.6 years both funds cover.
QQQ vs VV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year QQQ returned +22.63% while VV returned +17.26%. Year to date, QQQ is up 15.86% versus a gain of 11.53% for VV.
Over three years, QQQ compounded at +24.15% per year against +20.88% for VV; over five years the annualized figures are +14.16% and +12.39% respectively. Across the full 23-year window we track, QQQ has the edge at +14.10% annualized vs +9.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 14.8% for VV. 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 -53.5% for QQQ and -56.0% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.99% for VV.
Holdings Overlap
95.2% of QQQ's money is in holdings VV also owns. 54.9% of VV's money is in holdings QQQ also owns.
Most of QQQ is already inside VV. Owning both mostly buys the same companies twice.
91 positions in common, counted across the 102 positions we hold weights for in QQQ and 431 in VV, against full books of 107 and 437.
What only one of them owns
Our book lists 327 positions for VV that do not appear in our book for QQQ (44.2% of the fund), and 4 for QQQ that do not appear in VV (1.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in VV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 7.27% | 1.17% |
| AAPLApple, Inc | 7.27% | 6.72% | 0.55% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 4.38% | 1.38% |
| AMZNAmazon.Com Inc | 4.67% | 3.65% | 1.02% |
| GOOGLAlphabet A Usd 0.001 | 3.36% | 3.31% | 0.05% |
| MUMicron Technology, Inc. | 4.43% | 2.06% | 2.37% |
| AVGOBroadcom Inc | 3.16% | 2.83% | 0.33% |
| GOOGAlphabet Inc | 3.13% | 2.61% | 0.52% |
| AMDAdvanced Micro Devices Inc. | 3.45% | 1.50% | 1.95% |
| METAMeta Platforms, Inc. | 2.78% | 1.95% | 0.83% |
95.2% of QQQ is already inside VV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or VV?
QQQ has an expense ratio of 0.18% while VV charges 0.03%. VV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, QQQ or VV?
Over the past year QQQ returned +22.63% vs +17.26% for VV, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), QQQ annualized +14.10% vs +9.40% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VV?
QQQ has been the more volatile fund at 18.3% annualized versus 14.8% for VV. Worst drawdown: QQQ -53.5% vs VV -56.0%.
Should I hold both QQQ and VV?
QQQ and VV have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and VV?
95.2% of QQQ's money is in holdings VV also owns. 54.9% of VV's is in holdings QQQ also owns. They hold 91 positions in common, counted across the 102 positions we hold weights for in QQQ and 431 in VV.
Which pays a higher dividend, QQQ or VV?
QQQ yields 0.44% while VV yields 0.99%, so VV currently pays the higher dividend yield.
Is VV better than QQQ?
VV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VV is less concentrated, with 36.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.