ALRG vs QQQ
Allspring LT Large Core ETF vs Invesco QQQ Trust, Series 1
Which is better, ALRG or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 47.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALRG | QQQ |
|---|---|---|
| Expense Ratio | 0.28% | 0.18%Best |
| AUM | $8M | $506.1B |
| Dividend Yield | 0.42% | 0.42% |
| Holdings | 51 | 321 |
| YTD Return | +13.91% | +19.30%Best |
| 1Y Return | +18.20% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 11.9%Best | 19.9% |
| Max Drawdown | -9.3%Best | -12.0% |
| $10,000 over 1.3 years | $12,860 | $13,371Best |
| Top 10 Weight | 47.1% | 46.7%Best |
| Fund Family | Allspring Global Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 8, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 14, 2026 (1.3 years).
ALRG vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
ALRG vs QQQ Performance
Allspring LT Large Core ETF (ALRG) is an ETF from Allspring Global Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ALRG returned +18.20% while QQQ returned +22.47%. Year to date, ALRG is up 13.91% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 11.9% for ALRG. 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 -9.3% for ALRG and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALRG charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 0.42% for QQQ.
Holdings Overlap
48.8% of ALRG's money is in holdings QQQ also owns. 44.9% of QQQ's money is in holdings ALRG also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 50 positions we hold weights for in ALRG and 101 in QQQ, against full books of 51 and 321.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for ALRG (51.4% of the fund), and 30 for ALRG that do not appear in QQQ (40.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ALRG | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.81% | 7.35% | 1.46% |
| NVDANvidia Corp | 5.43% | 8.33% | 2.90% |
| MSFTMicrosoft Corp | 7.79% | 5.76% | 2.03% |
| AMZNAmazon.Com Inc | 4.79% | 4.07% | 0.72% |
| GOOGAlphabet Inc. C | 5.53% | 2.85% | 2.68% |
| AMDAdvanced Micro Devices Inc | 2.75% | 4.17% | 1.42% |
| AVGOBroadcom Inc | 3.83% | 2.53% | 1.30% |
| METAMeta Platforms Inc | 2.86% | 3.26% | 0.40% |
| LRCXLrcx Uw Equity | 1.80% | 1.72% | 0.08% |
| WMTWalmart, Inc. | 0.87% | 2.11% | 1.24% |
48.8% of ALRG is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALRG or QQQ?
ALRG has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, ALRG or QQQ?
Over the past year ALRG returned +18.20% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +21.35% vs +25.04% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALRG or QQQ?
QQQ has been the more volatile fund at 19.9% annualized versus 11.9% for ALRG. Worst drawdown: ALRG -9.3% vs QQQ -12.0%.
Should I hold both ALRG and QQQ?
ALRG and QQQ have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ALRG and QQQ?
48.8% of ALRG's money is in holdings QQQ also owns. 44.9% of QQQ's is in holdings ALRG also owns. They hold 14 positions in common, counted across the 50 positions we hold weights for in ALRG and 101 in QQQ.
Which pays a higher dividend, ALRG or QQQ?
ALRG yields 0.42% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than ALRG?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.