ACP vs QQQ
ACP vs QQQ
Abrdn Income Credit Strategies Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ACP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.86% | 0.18% | |
| AUM | $805M | $455.8B | |
| Dividend Yield | 16.88% | 0.41% | |
| Holdings | 214 | 108 | |
| YTD Return | +3.47% | +18.34% | |
| 1Y Return | +0.66% | +28.94% | |
| 3Y Return (annualized) | +7.19% | +25.28% | |
| 5Y Return (annualized) | -0.02% | +15.22% | |
| Volatility (annualized) | 19.6% | 30.6% | |
| Max Drawdown | -70.9% | -83.0% | |
| Fund Family | Aberdeen | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 27, 2011 | Mar 10, 1999 |
ACP vs QQQ Performance
Abrdn Income Credit Strategies Fund (ACP) is a ETF from Aberdeen and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ACP returned +0.66% while QQQ returned +28.94%. Year to date, ACP is up 3.47% versus a gain of 18.34% for QQQ.
Over three years, ACP compounded at +7.19% per year against +25.28% for QQQ; over five years the annualized figures are -0.02% and +15.22% respectively. Across the full 16-year window we track, QQQ has the edge at +13.12% annualized vs -3.29%. 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 19.6% for ACP. 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 -70.9% for ACP and -83.0% for QQQ. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACP charges 2.86% per year while QQQ charges 0.18%. On a $10,000 position that is $286 vs $18 annually, a gap of $268 per year that compounds over a long holding period. On income, ACP currently yields 16.88% against 0.41% for QQQ.
Holdings Overlap
ACP and QQQ share 0 holdings out of 184 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, ACP or QQQ?
ACP has an expense ratio of 2.86% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $268 per year of difference.
Which performed better, ACP or QQQ?
Over the past year ACP returned +0.66% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), ACP annualized -3.29% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, ACP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.6% for ACP. Worst drawdown: ACP -70.9% vs QQQ -83.0%.
Should I hold both ACP and QQQ?
ACP and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACP and QQQ?
ACP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 184 unique securities.
Which pays a higher dividend, ACP or QQQ?
ACP yields 16.88% while QQQ yields 0.41%, so ACP currently pays the higher dividend yield.
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