QQQ vs XMVM
Invesco QQQ Trust, Series 1 vs Invesco S&P MidCap Value with Momentum ETF
Quick Verdict
QQQ has a lower expense ratio. XMVM delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XMVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $496.3B | $516M | |
| Dividend Yield | 0.44% | 1.78% | |
| Holdings | 108 | 82 | |
| YTD Return | +16.64% | +16.85% | |
| 1Y Return | +27.27% | +33.18% | |
| 3Y Return (annualized) | +25.96% | +19.26% | |
| 5Y Return (annualized) | +14.54% | +12.20% | |
| Volatility (annualized) | 30.6% | 19.1% | |
| Max Drawdown | -83.0% | -63.8% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 3, 2005 |
QQQ vs XMVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P MidCap Value with Momentum ETF (XMVM) is a ETF from Invesco (US). Over the past year QQQ returned +27.27% while XMVM returned +33.18%. Year to date, QQQ is up 16.64% versus a gain of 16.85% for XMVM.
Over three years, QQQ compounded at +25.96% per year against +19.26% for XMVM; over five years the annualized figures are +14.54% and +12.20% respectively. Across the full 22-year window we track, QQQ has the edge at +13.03% annualized vs +8.20%. 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 19.1% for XMVM. 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 -63.8% for XMVM. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while XMVM charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.78% for XMVM.
Holdings Overlap
QQQ and XMVM share 0 holdings out of 182 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or XMVM?
QQQ has an expense ratio of 0.18% while XMVM charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or XMVM?
Over the past year QQQ returned +27.27% vs +33.18% for XMVM, so XMVM leads on 1-year performance. Over the longest common window we track (22 years), QQQ annualized +13.03% vs +8.20% for XMVM. Past performance does not guarantee future results.
Which is riskier, QQQ or XMVM?
QQQ has been the more volatile fund at 30.6% annualized versus 19.1% for XMVM. Worst drawdown: QQQ -83.0% vs XMVM -63.8%.
Should I hold both QQQ and XMVM?
QQQ and XMVM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XMVM?
QQQ and XMVM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 182 unique securities.
Which pays a higher dividend, QQQ or XMVM?
QQQ yields 0.44% while XMVM yields 1.78%, so XMVM currently pays the higher dividend yield.
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