QQQ vs XRLV
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Which is better, QQQ or XRLV?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. XRLV is less concentrated, with 12.1% of the fund in its ten largest positions against 47.2%.
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 | XRLV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.25% |
| AUM | $498.6B | $29M |
| Dividend Yield | 0.42% | 2.08% |
| Holdings | 321 | 102 |
| Volatility (annualized) | 18.3% | 13.5%Best |
| Max Drawdown | -35.1%Best | -38.3% |
| $10,000 over 10.9 years | $58,756Best | $27,954 |
| Top 10 Weight | 47.2% | 12.1%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Apr 6, 2015 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 230 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Oct 8, 2026 and XRLV through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 10.9 years row, are measured over the window both funds cover: Apr 9, 2015 to Feb 20, 2026 (10.9 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 13.5% for XRLV. 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 -38.3% for XRLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while XRLV charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 2.08% for XRLV.
Holdings Overlap
7.7% of QQQ's money is in holdings XRLV also owns. 12.1% of XRLV's money is in holdings QQQ also owns.
XRLV and QQQ share little of their money.
The two holdings books were reported 350 days apart, QQQ as of Sep 15, 2026 and XRLV as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
12 positions in common, counted across the 102 positions we hold weights for in QQQ and 100 in XRLV, against full books of 321 and 102.
What only one of them owns
Our book lists 86 positions for XRLV that do not appear in our book for QQQ (85.9% of the fund), and 84 for QQQ that do not appear in XRLV (90.0%).
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 XRLV | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 0.92% | 1.03% |
| COSTCostco Wholesale Corp. | 1.77% | 0.93% | 0.84% |
| LINLinde Plc (united Kingdom) | 0.95% | 1.09% | 0.14% |
| PEPPepsico Inc. | 0.83% | 1.00% | 0.17% |
| ADPAutomatic Data Processing, Inc. | 0.48% | 1.05% | 0.57% |
| AEPAmerican Electric Power Co Inc | 0.30% | 1.09% | 0.79% |
| XELXcel Energy Inc. | 0.21% | 1.14% | 0.93% |
| EXCExelon | 0.20% | 1.11% | 0.91% |
| ORLYO'Eilly Automotive, Inc. | 0.31% | 0.99% | 0.68% |
| MDLZMondelez International Inc Com A Npv | 0.35% | 0.93% | 0.58% |
You are not choosing between two funds in isolation.
Whichever of QQQ and XRLV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or XRLV?
QQQ has an expense ratio of 0.18% while XRLV charges 0.25%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which is riskier, QQQ or XRLV?
QQQ has been the more volatile fund at 18.3% annualized versus 13.5% for XRLV. Worst drawdown: QQQ -35.1% vs XRLV -38.3%.
Should I hold both QQQ and XRLV?
QQQ and XRLV have a monthly-return correlation of 0.67, 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 XRLV?
12.1% of XRLV's money is in holdings QQQ also owns. 12.1% of XRLV's is in holdings QQQ also owns. They hold 12 positions in common, counted across the 102 positions we hold weights for in QQQ and 100 in XRLV.
Which pays a higher dividend, QQQ or XRLV?
QQQ yields 0.42% while XRLV yields 2.08%, so XRLV currently pays the higher dividend yield.
Is XRLV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. XRLV is less concentrated, with 12.1% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.