CVIE vs QQQ
Calvert International Responsible Index ETF vs Invesco QQQ Trust, Series 1
Which is better, CVIE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ led over 1Y, 3Y and the full window. CVIE is less concentrated, with 20.1% of the fund in its ten largest positions against 46.7%.
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 | CVIE | QQQ |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $490M | $506.1B |
| Dividend Yield | 2.39% | 0.42% |
| Holdings | 1,441 | 321 |
| YTD Return | +13.54% | +19.30%Best |
| 1Y Return | +20.96% | +22.47%Best |
| 3Y Return (annualized) | +21.76% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 13.8%Best | 17.2% |
| Max Drawdown | -13.5%Best | -22.8% |
| $10,000 over 3.7 years | $17,534 | $24,755Best |
| Top 10 Weight | 20.1%Best | 46.7% |
| Fund Family | Calvert | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 30, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVIE 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 3.7 years both funds cover.
CVIE vs QQQ Performance
Calvert International Responsible Index ETF (CVIE) is an ETF from Calvert and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CVIE returned +20.96% while QQQ returned +22.47%. Year to date, CVIE is up 13.54% versus a gain of 19.30% for QQQ.
Over three years, CVIE compounded at +21.76% per year against +26.18% for QQQ. Across the full 4-year window we track, QQQ has the edge at +27.76% annualized vs +16.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 13.8% for CVIE. 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 -13.5% for CVIE 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CVIE charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, CVIE currently yields 2.39% against 0.42% for QQQ.
Holdings Overlap
3.4% of CVIE's money is in holdings QQQ also owns. 2.0% of QQQ's money is in holdings CVIE also owns.
CVIE and QQQ share little of their money.
5 positions in common, counted across the 723 positions we hold weights for in CVIE and 101 in QQQ, against full books of 1,441 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for CVIE (96.0% of the fund), and 15 for CVIE that do not appear in QQQ (1.4%).
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.
You are not choosing between two funds in isolation.
Whichever of CVIE 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, CVIE or QQQ?
CVIE has an expense ratio of 0.18% while QQQ charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, CVIE or QQQ?
Over the past year CVIE returned +20.96% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +16.39% vs +27.76% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVIE or QQQ?
QQQ has been the more volatile fund at 17.2% annualized versus 13.8% for CVIE. Worst drawdown: CVIE -13.5% vs QQQ -22.8%.
Should I hold both CVIE and QQQ?
CVIE and QQQ have a monthly-return correlation of 0.63, 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 CVIE and QQQ?
3.4% of CVIE's money is in holdings QQQ also owns. 2.0% of QQQ's is in holdings CVIE also owns. They hold 5 positions in common, counted across the 723 positions we hold weights for in CVIE and 101 in QQQ.
Which pays a higher dividend, CVIE or QQQ?
CVIE yields 2.39% while QQQ yields 0.42%, so CVIE currently pays the higher dividend yield.
Is QQQ better than CVIE?
QQQ led over 1Y, 3Y and the full window. CVIE is less concentrated, with 20.1% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.