CVSB vs QQQ
CVSB vs QQQ
Calvert Ultra-Short Investment Grade ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CVSB offers more diversification with 126 holdings.
Side-by-Side Comparison
| Metric | CVSB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.18% | |
| AUM | $221M | $455.8B | |
| Dividend Yield | 4.96% | 0.41% | |
| Holdings | 246 | 108 | |
| YTD Return | +2.21% | +16.83% | |
| 1Y Return | +4.28% | +26.58% | |
| 3Y Return (annualized) | +5.40% | +24.70% | |
| 5Y Return (annualized) | - | +14.88% | |
| Volatility (annualized) | 0.6% | 30.6% | |
| Max Drawdown | -0.6% | -83.0% | |
| Fund Family | Calvert | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 30, 2023 | Mar 10, 1999 |
CVSB vs QQQ Performance
Calvert Ultra-Short Investment Grade ETF (CVSB) is a ETF from Calvert and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CVSB returned +4.28% while QQQ returned +26.58%. Year to date, CVSB is up 2.21% versus a gain of 16.83% for QQQ.
Over three years, CVSB compounded at +5.40% per year against +24.70% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.06% annualized vs +5.35%. 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 0.6% for CVSB. 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 -0.6% for CVSB 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVSB charges 0.24% per year while QQQ charges 0.18%. On a $10,000 position that is $24 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, CVSB currently yields 4.96% against 0.41% for QQQ.
Holdings Overlap
CVSB and QQQ share 0 holdings out of 229 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, CVSB or QQQ?
CVSB has an expense ratio of 0.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, CVSB or QQQ?
Over the past year CVSB returned +4.28% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CVSB annualized +5.35% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, CVSB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.6% for CVSB. Worst drawdown: CVSB -0.6% vs QQQ -83.0%.
Should I hold both CVSB and QQQ?
CVSB and QQQ have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVSB and QQQ?
CVSB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 229 unique securities.
Which pays a higher dividend, CVSB or QQQ?
CVSB yields 4.96% while QQQ yields 0.41%, so CVSB currently pays the higher dividend yield.
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