QQQ vs USEW
QQQ vs USEW
Invesco QQQ Trust, Series 1 vs Cambria US EW ETF
Quick Verdict
QQQ has a lower expense ratio. USEW offers more diversification with 428 holdings.
Side-by-Side Comparison
| Metric | QQQ | USEW | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.30% | |
| AUM | $455.8B | $189M | |
| Dividend Yield | 0.41% | 0.55% | |
| Holdings | 108 | 426 | |
| YTD Return | +17.27% | +12.01% | |
| 1Y Return | +28.64% | - | |
| 3Y Return (annualized) | +24.88% | - | |
| 5Y Return (annualized) | +14.86% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -8.3% | |
| Fund Family | Invesco (US) | Cambria Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Dec 18, 2025 |
QQQ vs USEW Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Cambria US EW ETF (USEW) is a ETF from Cambria Investment Management. Year to date, QQQ is up 17.27% versus a gain of 12.01% for USEW.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -8.3% for USEW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while USEW charges 0.30%. On a $10,000 position that is $18 vs $30 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.55% for USEW.
Holdings Overlap
QQQ and USEW share 89 holdings out of 442 unique holdings combined, representing a 23.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in USEW | Difference |
|---|---|---|---|
| AAPL | 7.46% | 1.80% | 5.66% |
| NVDA | 7.88% | 0.98% | 6.90% |
| MSFT | 4.65% | 0.96% | 3.69% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
See all 10 holdings QQQ shares with USEW 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 USEW?
QQQ has an expense ratio of 0.18% while USEW charges 0.30%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
What is the holdings overlap between QQQ and USEW?
QQQ and USEW share 89 common holdings with a 23.6% weight overlap. Combined, they hold 442 unique securities.
Which pays a higher dividend, QQQ or USEW?
QQQ yields 0.41% while USEW yields 0.55%, so USEW currently pays the higher dividend yield.
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