QQQ vs QVMM
QQQ vs QVMM
Invesco QQQ Trust, Series 1 vs Invesco S&P MidCap 400 QVM Multi-factor ETF
Quick Verdict
QVMM has a lower expense ratio. QQQ delivered stronger 1-year returns. QVMM offers more diversification with 360 holdings.
Side-by-Side Comparison
| Metric | QQQ | QVMM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $455.8B | $432M | |
| Dividend Yield | 0.41% | 1.13% | |
| Holdings | 108 | 362 | |
| YTD Return | +18.20% | +17.59% | |
| 1Y Return | +27.63% | +27.18% | |
| 3Y Return (annualized) | +25.54% | +15.24% | |
| 5Y Return (annualized) | +15.12% | +9.11% | |
| Volatility (annualized) | 30.6% | 18.0% | |
| Max Drawdown | -83.0% | -24.3% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jun 28, 2021 |
QQQ vs QVMM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is a ETF from Invesco (US). Over the past year QQQ returned +27.63% while QVMM returned +27.18%. Year to date, QQQ is up 18.20% versus a gain of 17.59% for QVMM.
Over three years, QQQ compounded at +25.54% per year against +15.24% for QVMM; over five years the annualized figures are +15.12% and +9.11% respectively. Across the full 5-year window we track, QQQ has the edge at +13.11% annualized vs +9.06%. 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 18.0% for QVMM. 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 -83.0% for QQQ and -24.3% for QVMM. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while QVMM charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.13% for QVMM.
Holdings Overlap
QQQ and QVMM share 0 holdings out of 463 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, QQQ or QVMM?
QQQ has an expense ratio of 0.18% while QVMM charges 0.15%. QVMM is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or QVMM?
Over the past year QQQ returned +27.63% vs +27.18% for QVMM, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), QQQ annualized +13.11% vs +9.06% for QVMM. Past performance does not guarantee future results.
Which is riskier, QQQ or QVMM?
QQQ has been the more volatile fund at 30.6% annualized versus 18.0% for QVMM. Worst drawdown: QQQ -83.0% vs QVMM -24.3%.
Should I hold both QQQ and QVMM?
QQQ and QVMM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and QVMM?
QQQ and QVMM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 463 unique securities.
Which pays a higher dividend, QQQ or QVMM?
QQQ yields 0.41% while QVMM yields 1.13%, so QVMM currently pays the higher dividend yield.
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