AVMV vs QQQ
AVMV vs QQQ
Avantis US Mid Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. AVMV offers more diversification with 287 holdings.
Side-by-Side Comparison
| Metric | AVMV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $722M | $455.8B | |
| Dividend Yield | 1.05% | 0.41% | |
| Holdings | 313 | 108 | |
| YTD Return | +15.63% | +18.34% | |
| 1Y Return | +26.69% | +28.94% | |
| 3Y Return (annualized) | - | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 15.1% | 30.6% | |
| Max Drawdown | -24.2% | -83.0% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | Mar 10, 1999 |
AVMV vs QQQ Performance
Avantis US Mid Cap Value ETF (AVMV) is a ETF from Avantis Investors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AVMV returned +26.69% while QQQ returned +28.94%. Year to date, AVMV is up 15.63% versus a gain of 18.34% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.1% for AVMV. 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 -24.2% for AVMV 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVMV charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, AVMV currently yields 1.05% against 0.41% for QQQ.
Holdings Overlap
AVMV and QQQ share 9 holdings out of 381 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVMV | Weight in QQQ | Difference |
|---|---|---|---|
| ODFL | 1.30% | 0.21% | 1.09% |
| FAST | 1.13% | 0.24% | 0.89% |
| IDXX | 1.00% | 0.20% | 0.80% |
| FANG | Pro | Pro | Pro |
| PYPL | Pro | Pro | Pro |
| DXCM | Pro | Pro | Pro |
| CPRT | Pro | Pro | Pro |
| CRWV | Pro | Pro | Pro |
| KHC | Pro | Pro | Pro |
See all 9 holdings AVMV shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, AVMV or QQQ?
AVMV has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, AVMV or QQQ?
Over the past year AVMV returned +26.69% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AVMV annualized +23.36% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, AVMV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.1% for AVMV. Worst drawdown: AVMV -24.2% vs QQQ -83.0%.
Should I hold both AVMV and QQQ?
AVMV and QQQ have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMV and QQQ?
AVMV and QQQ share 9 common holdings with a 1.6% weight overlap. Combined, they hold 381 unique securities.
Which pays a higher dividend, AVMV or QQQ?
AVMV yields 1.05% while QQQ yields 0.41%, so AVMV currently pays the higher dividend yield.
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