PQUS vs QQQ

Quick Verdict

QQQ has a lower expense ratio. PQUS offers more diversification with 160 holdings.

Lower Fees: QQQHigher Returns: TiedMore Diversified: PQUS

Side-by-Side Comparison

MetricPQUSQQQWinner
Expense Ratio0.22%0.18%
AUM$76M$455.8B
Dividend Yield0.00%0.41%
Holdings170108
YTD Return+13.47%+17.27%
1Y Return-+28.64%
3Y Return (annualized)-+24.88%
5Y Return (annualized)-+14.86%
Volatility (annualized)-30.6%
Max Drawdown-7.2%-83.0%
Fund FamilyPictet Asset Management Ltd. (US)Invesco (US)
CategoryEquityEquity
InceptionFeb 25, 2026Mar 10, 1999

PQUS vs QQQ Performance

Pictet AI Enhanced US Equity ETF (PQUS) is a ETF from Pictet Asset Management Ltd. (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, PQUS is up 13.47% versus a gain of 17.27% for QQQ.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -7.2% for PQUS and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

PQUS charges 0.22% per year while QQQ charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, PQUS currently yields 0.00% against 0.41% for QQQ.

Holdings Overlap

51.6%overlap

PQUS and QQQ share 49 holdings out of 214 unique holdings combined, representing a 51.6% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in PQUSWeight in QQQDifference
NVDA7.76%7.88%0.12%
AAPL7.28%7.46%0.18%
MSFT4.44%4.65%0.21%
AMZNProProPro
MUProProPro
AVGOProProPro
GOOGProProPro
GOOGLProProPro
AMDProProPro
TSLAProProPro
See all 10 holdings PQUS shares with QQQ
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, PQUS or QQQ?

PQUS has an expense ratio of 0.22% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $4 per year of difference.

What is the holdings overlap between PQUS and QQQ?

PQUS and QQQ share 49 common holdings with a 51.6% weight overlap. Combined, they hold 214 unique securities.

Which pays a higher dividend, PQUS or QQQ?

PQUS yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.

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