CFO vs QQQ
CFO vs QQQ
VictoryShares US 500 Enhanced Volatility Weighted ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CFO offers more diversification with 499 holdings.
Side-by-Side Comparison
| Metric | CFO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $415M | $455.8B | |
| Dividend Yield | 1.24% | 0.41% | |
| Holdings | 502 | 108 | |
| YTD Return | +11.84% | +17.27% | |
| 1Y Return | +16.48% | +28.64% | |
| 3Y Return (annualized) | +11.21% | +24.88% | |
| 5Y Return (annualized) | +4.36% | +14.86% | |
| Volatility (annualized) | 12.3% | 30.6% | |
| Max Drawdown | -24.4% | -83.0% | |
| Fund Family | Victory Capital Management Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 1, 2014 | Mar 10, 1999 |
CFO vs QQQ Performance
VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) is a ETF from Victory Capital Management Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CFO returned +16.48% while QQQ returned +28.64%. Year to date, CFO is up 11.84% versus a gain of 17.27% for QQQ.
Over three years, CFO compounded at +11.21% per year against +24.88% for QQQ; over five years the annualized figures are +4.36% and +14.86% respectively. Across the full 12-year window we track, QQQ has the edge at +13.08% annualized vs +8.27%. 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 12.3% for CFO. 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 -24.4% for CFO 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CFO charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, CFO currently yields 1.24% against 0.41% for QQQ.
Holdings Overlap
CFO and QQQ share 79 holdings out of 523 unique holdings combined, representing a 15.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CFO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 0.18% | 7.88% | 7.70% |
| AAPL | 0.31% | 7.46% | 7.15% |
| MSFT | 0.23% | 4.65% | 4.42% |
| MU | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings CFO 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, CFO or QQQ?
CFO has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, CFO or QQQ?
Over the past year CFO returned +16.48% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), CFO annualized +8.27% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, CFO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.3% for CFO. Worst drawdown: CFO -24.4% vs QQQ -83.0%.
Should I hold both CFO and QQQ?
CFO and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CFO and QQQ?
CFO and QQQ share 79 common holdings with a 15.1% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, CFO or QQQ?
CFO yields 1.24% while QQQ yields 0.41%, so CFO currently pays the higher dividend yield.
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