MVV vs QQQ
MVV vs QQQ
ProShares Ultra MidCap400 vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. MVV delivered stronger 1-year returns. MVV offers more diversification with 402 holdings.
Side-by-Side Comparison
| Metric | MVV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $156M | $455.8B | |
| Dividend Yield | 0.65% | 0.41% | |
| Holdings | 411 | 108 | |
| YTD Return | +30.36% | +18.20% | |
| 1Y Return | +46.49% | +27.63% | |
| 3Y Return (annualized) | +19.51% | +25.54% | |
| 5Y Return (annualized) | +8.22% | +15.12% | |
| Volatility (annualized) | 36.6% | 30.6% | |
| Max Drawdown | -86.3% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Mar 10, 1999 |
MVV vs QQQ Performance
ProShares Ultra MidCap400 (MVV) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MVV returned +46.49% while QQQ returned +27.63%. Year to date, MVV is up 30.36% versus a gain of 18.20% for QQQ.
Over three years, MVV compounded at +19.51% per year against +25.54% for QQQ; over five years the annualized figures are +8.22% and +15.12% respectively. Across the full 20-year window we track, QQQ has the edge at +13.11% annualized vs +10.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 30.6% for QQQ. 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 -86.3% for MVV 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MVV charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, MVV currently yields 0.65% against 0.41% for QQQ.
Holdings Overlap
MVV and QQQ share 0 holdings out of 505 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, MVV or QQQ?
MVV has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, MVV or QQQ?
Over the past year MVV returned +46.49% vs +27.63% for QQQ, so MVV leads on 1-year performance. Over the longest common window we track (20 years), MVV annualized +10.86% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, MVV or QQQ?
MVV has been the more volatile fund at 36.6% annualized versus 30.6% for QQQ. Worst drawdown: MVV -86.3% vs QQQ -83.0%.
Should I hold both MVV and QQQ?
MVV and QQQ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVV and QQQ?
MVV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, MVV or QQQ?
MVV yields 0.65% while QQQ yields 0.41%, so MVV currently pays the higher dividend yield.
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