QQQ vs QVMT
QQQ vs QVMT
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Concentrated QVM ETF
Quick Verdict
QVMT has a lower expense ratio. QVMT delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | QVMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.13% | |
| AUM | $455.8B | $135M | |
| Dividend Yield | 0.41% | 1.77% | |
| Holdings | 108 | 103 | |
| YTD Return | +17.27% | +15.89% | |
| 1Y Return | +28.64% | +32.95% | |
| 3Y Return (annualized) | +24.88% | +18.33% | |
| 5Y Return (annualized) | +14.86% | +12.61% | |
| Volatility (annualized) | 30.6% | 20.1% | |
| Max Drawdown | -83.0% | -48.7% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Oct 9, 2015 |
QQQ vs QVMT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Concentrated QVM ETF (QVMT) is a ETF from Invesco (US). Over the past year QQQ returned +28.64% while QVMT returned +32.95%. Year to date, QQQ is up 17.27% versus a gain of 15.89% for QVMT.
Over three years, QQQ compounded at +24.88% per year against +18.33% for QVMT; over five years the annualized figures are +14.86% and +12.61% respectively. Across the full 11-year window we track, QQQ has the edge at +13.08% annualized vs +10.63%. 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 20.1% for QVMT. 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 -48.7% for QVMT. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while QVMT charges 0.13%. On a $10,000 position that is $18 vs $13 annually, a gap of $5 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.77% for QVMT.
Holdings Overlap
QQQ and QVMT share 10 holdings out of 194 unique holdings combined, representing a 13.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QVMT | Difference |
|---|---|---|---|
| AAPL | 7.46% | 4.50% | 2.96% |
| LRCX | 1.82% | 5.95% | 4.13% |
| SNDK | 1.10% | 5.70% | 4.60% |
| CSCO | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| ROST | Pro | Pro | Pro |
| BKR | Pro | Pro | Pro |
See all 10 holdings QQQ shares with QVMT 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, QQQ or QVMT?
QQQ has an expense ratio of 0.18% while QVMT charges 0.13%. QVMT is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, QQQ or QVMT?
Over the past year QQQ returned +28.64% vs +32.95% for QVMT, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +13.08% vs +10.63% for QVMT. Past performance does not guarantee future results.
Which is riskier, QQQ or QVMT?
QQQ has been the more volatile fund at 30.6% annualized versus 20.1% for QVMT. Worst drawdown: QQQ -83.0% vs QVMT -48.7%.
Should I hold both QQQ and QVMT?
QQQ and QVMT have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and QVMT?
QQQ and QVMT share 10 common holdings with a 13.2% weight overlap. Combined, they hold 194 unique securities.
Which pays a higher dividend, QQQ or QVMT?
QQQ yields 0.41% while QVMT yields 1.77%, so QVMT currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.