QQQ vs SIZE
QQQ vs SIZE
Invesco QQQ Trust, Series 1 vs iShares MSCI USA Size Factor ETF
Quick Verdict
SIZE has a lower expense ratio. QQQ delivered stronger 1-year returns. SIZE offers more diversification with 507 holdings.
Side-by-Side Comparison
| Metric | QQQ | SIZE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $455.8B | $430M | |
| Dividend Yield | 0.41% | 1.37% | |
| Holdings | 108 | 533 | |
| YTD Return | +14.45% | +11.81% | |
| 1Y Return | +24.70% | +17.23% | |
| 3Y Return (annualized) | +24.19% | +14.87% | |
| 5Y Return (annualized) | +14.49% | +8.15% | |
| Volatility (annualized) | 30.6% | 15.3% | |
| Max Drawdown | -83.0% | -39.1% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 16, 2013 |
QQQ vs SIZE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares MSCI USA Size Factor ETF (SIZE) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +24.70% while SIZE returned +17.23%. Year to date, QQQ is up 14.45% versus a gain of 11.81% for SIZE.
Over three years, QQQ compounded at +24.19% per year against +14.87% for SIZE; over five years the annualized figures are +14.49% and +8.15% respectively. Across the full 13-year window we track, QQQ has the edge at +12.98% annualized vs +10.80%. 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 15.3% for SIZE. 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 -39.1% for SIZE. 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 SIZE 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 1.37% for SIZE.
Holdings Overlap
QQQ and SIZE share 89 holdings out of 521 unique holdings combined, representing a 15.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SIZE | Difference |
|---|---|---|---|
| NVDA | 7.88% | 0.13% | 7.75% |
| AAPL | 7.46% | 0.16% | 7.30% |
| MU | 4.67% | 0.23% | 4.44% |
| AMZN | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SIZE 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 SIZE?
QQQ has an expense ratio of 0.18% while SIZE charges 0.15%. SIZE is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or SIZE?
Over the past year QQQ returned +24.70% vs +17.23% for SIZE, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), QQQ annualized +12.98% vs +10.80% for SIZE. Past performance does not guarantee future results.
Which is riskier, QQQ or SIZE?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for SIZE. Worst drawdown: QQQ -83.0% vs SIZE -39.1%.
Should I hold both QQQ and SIZE?
QQQ and SIZE 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 SIZE?
QQQ and SIZE share 89 common holdings with a 15.3% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, QQQ or SIZE?
QQQ yields 0.41% while SIZE yields 1.37%, so SIZE currently pays the higher dividend yield.
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