QQQ vs TVAL
QQQ vs TVAL
Invesco QQQ Trust, Series 1 vs T. Rowe Price Value ETF
Quick Verdict
QQQ has a lower expense ratio. TVAL delivered stronger 1-year returns. TVAL offers more diversification with 162 holdings.
Side-by-Side Comparison
| Metric | QQQ | TVAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.33% | |
| AUM | $455.8B | $986M | |
| Dividend Yield | 0.41% | 1.00% | |
| Holdings | 108 | 347 | |
| YTD Return | +16.83% | +21.55% | |
| 1Y Return | +26.58% | +34.01% | |
| 3Y Return (annualized) | +24.70% | +19.11% | |
| 5Y Return (annualized) | +14.88% | - | |
| Volatility (annualized) | 30.6% | 12.4% | |
| Max Drawdown | -83.0% | -15.8% | |
| Fund Family | Invesco (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jun 14, 2023 |
QQQ vs TVAL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and T. Rowe Price Value ETF (TVAL) is a ETF from T.Rowe Price. Over the past year QQQ returned +26.58% while TVAL returned +34.01%. Year to date, QQQ is up 16.83% versus a gain of 21.55% for TVAL.
Over three years, QQQ compounded at +24.70% per year against +19.11% for TVAL. Across the full 3-year window we track, TVAL has the edge at +19.33% annualized vs +13.06%. 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 12.4% for TVAL. 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 -15.8% for TVAL. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TVAL charges 0.33%. On a $10,000 position that is $18 vs $33 annually, a gap of $15 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.00% for TVAL.
Holdings Overlap
QQQ and TVAL share 0 holdings out of 265 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 TVAL?
QQQ has an expense ratio of 0.18% while TVAL charges 0.33%. QQQ is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, QQQ or TVAL?
Over the past year QQQ returned +26.58% vs +34.01% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.06% vs +19.33% for TVAL. Past performance does not guarantee future results.
Which is riskier, QQQ or TVAL?
QQQ has been the more volatile fund at 30.6% annualized versus 12.4% for TVAL. Worst drawdown: QQQ -83.0% vs TVAL -15.8%.
Should I hold both QQQ and TVAL?
QQQ and TVAL have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TVAL?
QQQ and TVAL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 265 unique securities.
Which pays a higher dividend, QQQ or TVAL?
QQQ yields 0.41% while TVAL yields 1.00%, so TVAL currently pays the higher dividend yield.
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