QQQ vs RWL
QQQ vs RWL
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Revenue ETF
Quick Verdict
QQQ has a lower expense ratio. RWL delivered stronger 1-year returns. RWL offers more diversification with 490 holdings.
Side-by-Side Comparison
| Metric | QQQ | RWL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $455.8B | $9.6B | |
| Dividend Yield | 0.41% | 1.26% | |
| Holdings | 108 | 505 | |
| YTD Return | +17.27% | +16.94% | |
| 1Y Return | +28.64% | +31.27% | |
| 3Y Return (annualized) | +24.88% | +19.25% | |
| 5Y Return (annualized) | +14.86% | +14.18% | |
| Volatility (annualized) | 30.6% | 16.5% | |
| Max Drawdown | -83.0% | -55.3% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Feb 19, 2008 |
QQQ vs RWL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Revenue ETF (RWL) is a ETF from Invesco (US). Over the past year QQQ returned +28.64% while RWL returned +31.27%. Year to date, QQQ is up 17.27% versus a gain of 16.94% for RWL.
Over three years, QQQ compounded at +24.88% per year against +19.25% for RWL; over five years the annualized figures are +14.86% and +14.18% respectively. Across the full 19-year window we track, QQQ has the edge at +13.08% annualized vs +10.09%. 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 RWL. 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 -55.3% for RWL. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RWL charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.26% for RWL.
Holdings Overlap
QQQ and RWL share 84 holdings out of 509 unique holdings combined, representing a 25.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in RWL | Difference |
|---|---|---|---|
| AAPL | 7.46% | 2.23% | 5.23% |
| NVDA | 7.88% | 1.26% | 6.62% |
| AMZN | 4.26% | 3.83% | 0.43% |
| MSFT | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings QQQ shares with RWL 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 RWL?
QQQ has an expense ratio of 0.18% while RWL charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or RWL?
Over the past year QQQ returned +28.64% vs +31.27% for RWL, so RWL leads on 1-year performance. Over the longest common window we track (19 years), QQQ annualized +13.08% vs +10.09% for RWL. Past performance does not guarantee future results.
Which is riskier, QQQ or RWL?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for RWL. Worst drawdown: QQQ -83.0% vs RWL -55.3%.
Should I hold both QQQ and RWL?
QQQ and RWL have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RWL?
QQQ and RWL share 84 common holdings with a 25.1% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, QQQ or RWL?
QQQ yields 0.41% while RWL yields 1.26%, so RWL currently pays the higher dividend yield.
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