ASGM vs QQQ
Virtus AlphaSimplex Global Macro ETF vs Invesco QQQ Trust, Series 1
Which is better, ASGM or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. ASGM led over 1Y and the full window.
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 | ASGM | QQQ |
|---|---|---|
| Expense Ratio | 0.86% | 0.18%Best |
| AUM | $10M | $506.1B |
| Dividend Yield | 3.69% | 0.42% |
| Holdings | 17 | 321 |
| YTD Return | +23.49%Best | +19.30% |
| 1Y Return | +27.68%Best | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 13.0%Best | 20.7% |
| Max Drawdown | -7.4%Best | -12.0% |
| $10,000 over 1.2 years | $13,904Best | $13,113 |
| Fund Family | Virtus Investment Partners | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Aug 4, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 5, 2025 to Oct 14, 2026 (1.2 years).
ASGM 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 1.2 years both funds cover.
ASGM vs QQQ Performance
Virtus AlphaSimplex Global Macro ETF (ASGM) is an ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ASGM returned +27.68% while QQQ returned +22.47%. Year to date, ASGM is up 23.49% 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 20.7% compared with 13.0% for ASGM. 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 -7.4% for ASGM 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASGM charges 0.86% per year while QQQ charges 0.18%. On a $10,000 position that is $86 vs $18 annually, a gap of $68 per year that compounds over a long holding period. On income, ASGM currently yields 3.69% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 3 holdings in ASGM and 101 in QQQ, totalling 49.0% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in ASGM and 101 in QQQ, against full books of 17 and 321.
You are not choosing between two funds in isolation.
Whichever of ASGM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ASGM or QQQ?
ASGM has an expense ratio of 0.86% while QQQ charges 0.18%. QQQ is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, ASGM or QQQ?
Over the past year ASGM returned +27.68% vs +22.47% for QQQ, so ASGM leads on 1-year performance. Over the longest common window we track (1 years), ASGM annualized +31.61% vs +25.34% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASGM or QQQ?
QQQ has been the more volatile fund at 20.7% annualized versus 13.0% for ASGM. Worst drawdown: ASGM -7.4% vs QQQ -12.0%.
Should I hold both ASGM and QQQ?
ASGM and QQQ have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ASGM or QQQ?
ASGM yields 3.69% while QQQ yields 0.42%, so ASGM currently pays the higher dividend yield.
Is QQQ better than ASGM?
QQQ has a lower expense ratio. ASGM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.