QQQ vs RSP
QQQ vs RSP
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Equal Weight ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | QQQ | RSP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.20% | |
| AUM | $455.8B | $97.4B | |
| Dividend Yield | 0.41% | 1.51% | |
| Holdings | 108 | 510 | |
| YTD Return | +14.45% | +13.49% | |
| 1Y Return | +24.70% | +20.09% | |
| 3Y Return (annualized) | +24.19% | +14.52% | |
| 5Y Return (annualized) | +14.49% | +8.87% | |
| Volatility (annualized) | 30.6% | 16.5% | |
| Max Drawdown | -83.0% | -60.9% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 24, 2003 |
QQQ vs RSP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US). Over the past year QQQ returned +24.70% while RSP returned +20.09%. Year to date, QQQ is up 14.45% versus a gain of 13.49% for RSP.
Over three years, QQQ compounded at +24.19% per year against +14.52% for RSP; over five years the annualized figures are +14.49% and +8.87% respectively. Across the full 23-year window we track, QQQ has the edge at +12.98% annualized vs +10.04%. 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 16.5% for RSP. 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 -60.9% for RSP. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RSP charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.51% for RSP.
Holdings Overlap
QQQ and RSP share 78 holdings out of 458 unique holdings combined, representing a 14.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in RSP | Difference |
|---|---|---|---|
| NVDA | 7.88% | 0.19% | 7.69% |
| AAPL | 7.46% | 0.19% | 7.27% |
| MU | 4.67% | 0.25% | 4.42% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
See all 10 holdings QQQ shares with RSP 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 RSP?
QQQ has an expense ratio of 0.18% while RSP charges 0.20%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, QQQ or RSP?
Over the past year QQQ returned +24.70% vs +20.09% for RSP, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), QQQ annualized +12.98% vs +10.04% for RSP. Past performance does not guarantee future results.
Which is riskier, QQQ or RSP?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for RSP. Worst drawdown: QQQ -83.0% vs RSP -60.9%.
Should I hold both QQQ and RSP?
QQQ and RSP have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RSP?
QQQ and RSP share 78 common holdings with a 14.9% weight overlap. Combined, they hold 458 unique securities.
Which pays a higher dividend, QQQ or RSP?
QQQ yields 0.41% while RSP yields 1.51%, so RSP currently pays the higher dividend yield.
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