EQWL vs QQQ
EQWL vs QQQ
Invesco S&P 100 Equal Weight 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 | EQWL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $2.7B | $455.8B | |
| Dividend Yield | 1.58% | 0.41% | |
| Holdings | 103 | 108 | |
| YTD Return | +13.62% | +17.27% | |
| 1Y Return | +23.71% | +28.64% | |
| 3Y Return (annualized) | +18.87% | +24.88% | |
| 5Y Return (annualized) | +12.29% | +14.86% | |
| Volatility (annualized) | 15.0% | 30.6% | |
| Max Drawdown | -50.0% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2006 | Mar 10, 1999 |
EQWL vs QQQ Performance
Invesco S&P 100 Equal Weight ETF (EQWL) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EQWL returned +23.71% while QQQ returned +28.64%. Year to date, EQWL is up 13.62% versus a gain of 17.27% for QQQ.
Over three years, EQWL compounded at +18.87% per year against +24.88% for QQQ; over five years the annualized figures are +12.29% and +14.86% respectively. Across the full 20-year window we track, QQQ has the edge at +13.08% annualized vs +9.43%. 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 15.0% for EQWL. 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 -50.0% for EQWL 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQWL charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, EQWL currently yields 1.58% against 0.41% for QQQ.
Holdings Overlap
EQWL and QQQ share 34 holdings out of 171 unique holdings combined, representing a 27.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQWL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 0.95% | 7.88% | 6.93% |
| AAPL | 0.94% | 7.46% | 6.52% |
| MU | 1.25% | 4.67% | 3.42% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
See all 10 holdings EQWL 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, EQWL or QQQ?
EQWL has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, EQWL or QQQ?
Over the past year EQWL returned +23.71% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), EQWL annualized +9.43% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, EQWL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.0% for EQWL. Worst drawdown: EQWL -50.0% vs QQQ -83.0%.
Should I hold both EQWL and QQQ?
EQWL and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EQWL and QQQ?
EQWL and QQQ share 34 common holdings with a 27.4% weight overlap. Combined, they hold 171 unique securities.
Which pays a higher dividend, EQWL or QQQ?
EQWL yields 1.58% while QQQ yields 0.41%, so EQWL currently pays the higher dividend yield.
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