AWEG vs QQQ
Alger Weatherbie Enduring Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, AWEG or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ 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 | AWEG | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $5M | $506.1B |
| Dividend Yield | 3.70% | 0.42% |
| Holdings | 25 | 321 |
| Volatility (annualized) | 18.1% | 14.7%Best |
| Max Drawdown | -27.0% | -22.8%Best |
| $10,000 over 2.8 years | $12,108 | $21,431Best |
| Fund Family | Alger | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Mar 6, 2023 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 294 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AWEG has data through Dec 24, 2025 and QQQ through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Mar 7, 2023 to Dec 24, 2025 (2.8 years).
Risk: Volatility and Drawdowns
AWEG has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 14.7% for QQQ. 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 -27.0% for AWEG and -22.8% 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AWEG charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, AWEG currently yields 3.70% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 23 holdings in AWEG and 101 in QQQ, totalling 90.6% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 335 days apart, AWEG as of Oct 31, 2025 and QQQ as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 23 positions we hold weights for in AWEG and 101 in QQQ, against full books of 25 and 321.
You are not choosing between two funds in isolation.
Whichever of AWEG 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, AWEG or QQQ?
AWEG has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, AWEG or QQQ?
AWEG has been the more volatile fund at 18.1% annualized versus 14.7% for QQQ. Worst drawdown: AWEG -27.0% vs QQQ -22.8%.
Should I hold both AWEG and QQQ?
AWEG and QQQ have a monthly-return correlation of 0.59, 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, AWEG or QQQ?
AWEG yields 3.70% while QQQ yields 0.42%, so AWEG currently pays the higher dividend yield.
Is QQQ better than AWEG?
QQQ has a lower expense ratio. QQQ 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.