EQAL vs QQQ
EQAL vs QQQ
Invesco Russell 1000 Equal Weight ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EQAL offers more diversification with 951 holdings.
Side-by-Side Comparison
| Metric | EQAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $816M | $455.8B | |
| Dividend Yield | 1.69% | 0.41% | |
| Holdings | 992 | 108 | |
| YTD Return | +15.40% | +18.34% | |
| 1Y Return | +23.95% | +28.94% | |
| 3Y Return (annualized) | +14.24% | +25.28% | |
| 5Y Return (annualized) | +7.94% | +15.22% | |
| Volatility (annualized) | 17.2% | 30.6% | |
| Max Drawdown | -40.9% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 23, 2014 | Mar 10, 1999 |
EQAL vs QQQ Performance
Invesco Russell 1000 Equal Weight ETF (EQAL) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EQAL returned +23.95% while QQQ returned +28.94%. Year to date, EQAL is up 15.40% versus a gain of 18.34% for QQQ.
Over three years, EQAL compounded at +14.24% per year against +25.28% for QQQ; over five years the annualized figures are +7.94% and +15.22% respectively. Across the full 12-year window we track, QQQ has the edge at +13.12% annualized vs +8.68%. 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 17.2% for EQAL. 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 -40.9% for EQAL 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQAL 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, EQAL currently yields 1.69% against 0.41% for QQQ.
Holdings Overlap
EQAL and QQQ share 84 holdings out of 970 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQAL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 0.06% | 7.88% | 7.82% |
| AAPL | 0.06% | 7.46% | 7.40% |
| MU | 0.07% | 4.67% | 4.60% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
See all 10 holdings EQAL 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, EQAL or QQQ?
EQAL 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, EQAL or QQQ?
Over the past year EQAL returned +23.95% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), EQAL annualized +8.68% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, EQAL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.2% for EQAL. Worst drawdown: EQAL -40.9% vs QQQ -83.0%.
Should I hold both EQAL and QQQ?
EQAL and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EQAL and QQQ?
EQAL and QQQ share 84 common holdings with a 8.4% weight overlap. Combined, they hold 970 unique securities.
Which pays a higher dividend, EQAL or QQQ?
EQAL yields 1.69% while QQQ yields 0.41%, so EQAL currently pays the higher dividend yield.
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