PDP vs QQQ
PDP vs QQQ
Invesco Dorsey Wright Momentum 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 | PDP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.18% | |
| AUM | $1.5B | $455.8B | |
| Dividend Yield | 0.07% | 0.41% | |
| Holdings | 103 | 108 | |
| YTD Return | +16.82% | +18.20% | |
| 1Y Return | +23.86% | +27.63% | |
| 3Y Return (annualized) | +20.66% | +25.54% | |
| 5Y Return (annualized) | +8.50% | +15.12% | |
| Volatility (annualized) | 18.4% | 30.6% | |
| Max Drawdown | -59.3% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2007 | Mar 10, 1999 |
PDP vs QQQ Performance
Invesco Dorsey Wright Momentum ETF (PDP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PDP returned +23.86% while QQQ returned +27.63%. Year to date, PDP is up 16.82% versus a gain of 18.20% for QQQ.
Over three years, PDP compounded at +20.66% per year against +25.54% for QQQ; over five years the annualized figures are +8.50% and +15.12% respectively. Across the full 19-year window we track, QQQ has the edge at +13.11% annualized vs +9.79%. 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 18.4% for PDP. 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 -59.3% for PDP 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDP charges 0.62% per year while QQQ charges 0.18%. On a $10,000 position that is $62 vs $18 annually, a gap of $44 per year that compounds over a long holding period. On income, PDP currently yields 0.07% against 0.41% for QQQ.
Holdings Overlap
PDP and QQQ share 15 holdings out of 189 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PDP | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 2.82% | 7.46% | 4.64% |
| MU | 3.05% | 4.67% | 1.62% |
| AMAT | 2.77% | 2.02% | 0.75% |
| GOOGL | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings PDP 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, PDP or QQQ?
PDP has an expense ratio of 0.62% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PDP or QQQ?
Over the past year PDP returned +23.86% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), PDP annualized +9.79% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, PDP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.4% for PDP. Worst drawdown: PDP -59.3% vs QQQ -83.0%.
Should I hold both PDP and QQQ?
PDP and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDP and QQQ?
PDP and QQQ share 15 common holdings with a 16.6% weight overlap. Combined, they hold 189 unique securities.
Which pays a higher dividend, PDP or QQQ?
PDP yields 0.07% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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