CGCV vs QQQ
CGCV vs QQQ
Capital Group Conservative Equity ETF 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 | CGCV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.18% | |
| AUM | $1.9B | $455.8B | |
| Dividend Yield | 1.45% | 0.41% | |
| Holdings | 74 | 108 | |
| YTD Return | +11.00% | +18.34% | |
| 1Y Return | +17.69% | +28.94% | |
| 3Y Return (annualized) | - | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 9.8% | 30.6% | |
| Max Drawdown | -13.1% | -83.0% | |
| Fund Family | Capital Group (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Mar 10, 1999 |
CGCV vs QQQ Performance
Capital Group Conservative Equity ETF (CGCV) is a ETF from Capital Group (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CGCV returned +17.69% while QQQ returned +28.94%. Year to date, CGCV is up 11.00% 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 9.8% for CGCV. 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 -13.1% for CGCV 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGCV charges 0.33% per year while QQQ charges 0.18%. On a $10,000 position that is $33 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, CGCV currently yields 1.45% against 0.41% for QQQ.
Holdings Overlap
CGCV and QQQ share 20 holdings out of 156 unique holdings combined, representing a 25.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 3.02% | 7.46% | 4.44% |
| MSFT | 4.79% | 4.65% | 0.14% |
| NVDA | 1.18% | 7.88% | 6.70% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| SBUX | Pro | Pro | Pro |
| LIN | Pro | Pro | Pro |
See all 10 holdings CGCV 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, CGCV or QQQ?
CGCV has an expense ratio of 0.33% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, CGCV or QQQ?
Over the past year CGCV returned +17.69% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +17.32% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, CGCV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 9.8% for CGCV. Worst drawdown: CGCV -13.1% vs QQQ -83.0%.
Should I hold both CGCV and QQQ?
CGCV and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGCV and QQQ?
CGCV and QQQ share 20 common holdings with a 25.7% weight overlap. Combined, they hold 156 unique securities.
Which pays a higher dividend, CGCV or QQQ?
CGCV yields 1.45% while QQQ yields 0.41%, so CGCV currently pays the higher dividend yield.
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