DIVE vs QQQ
Dana Concentrated Dividend ETF vs Invesco QQQ Trust, Series 1
Which is better, DIVE or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DIVE is less concentrated, with 46.4% 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 | DIVE | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $47M | $506.1B |
| Dividend Yield | 1.33% | 0.42% |
| Holdings | 72 | 321 |
| YTD Return | +8.34% | +19.30%Best |
| 1Y Return | +12.05% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 13.8%Best | 21.2% |
| Max Drawdown | -11.4%Best | -12.0% |
| $10,000 over 1.1 years | $11,183 | $12,463Best |
| Top 10 Weight | 46.4%Best | 46.7% |
| Fund Family | Dana Investment Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 15, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Sep 16, 2025 to Oct 14, 2026 (1.1 years).
DIVE 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 1.1 years both funds cover.
DIVE vs QQQ Performance
Dana Concentrated Dividend ETF (DIVE) is an ETF from Dana Investment Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DIVE returned +12.05% while QQQ returned +22.47%. Year to date, DIVE is up 8.34% 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 21.2% compared with 13.8% for DIVE. 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 -11.4% for DIVE 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 0.24. They move largely independently of each other.
Fees and Cost Over Time
DIVE 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, DIVE currently yields 1.33% against 0.42% for QQQ.
Holdings Overlap
26.0% of DIVE's money is in holdings QQQ also owns. 14.4% of QQQ's money is in holdings DIVE also owns.
DIVE and QQQ share little of their money.
10 positions in common, counted across the 35 positions we hold weights for in DIVE and 101 in QQQ, against full books of 72 and 321.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for DIVE (81.9% of the fund), and 25 for DIVE that do not appear in QQQ (73.8%).
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 DIVE | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.86% | 4.07% | 0.79% |
| METAMeta Platforms Inc | 4.74% | 3.26% | 1.48% |
| KDPKeurig Dr Pepper, Inc. | 4.57% | 0.17% | 4.40% |
| GOOGLAlphabet Inc | 1.16% | 3.05% | 1.89% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.26% | 1.77% | 0.51% |
| ADBEAdobe Systems | 2.50% | 0.40% | 2.10% |
| FANGDiamondback Energy Inc - Common | 2.29% | 0.21% | 2.08% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.93% | 0.32% | 1.61% |
| ADIAnalog Devices, Inc. | 1.30% | 0.80% | 0.50% |
| CSXCsx Corp. | 1.42% | 0.36% | 1.06% |
26.0% of DIVE 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, DIVE or QQQ?
DIVE 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 performed better, DIVE or QQQ?
Over the past year DIVE returned +12.05% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), DIVE annualized +10.70% vs +22.16% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVE or QQQ?
QQQ has been the more volatile fund at 21.2% annualized versus 13.8% for DIVE. Worst drawdown: DIVE -11.4% vs QQQ -12.0%.
Should I hold both DIVE and QQQ?
DIVE and QQQ have a monthly-return correlation of 0.24, 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 DIVE and QQQ?
26.0% of DIVE's money is in holdings QQQ also owns. 14.4% of QQQ's is in holdings DIVE also owns. They hold 10 positions in common, counted across the 35 positions we hold weights for in DIVE and 101 in QQQ.
Which pays a higher dividend, DIVE or QQQ?
DIVE yields 1.33% while QQQ yields 0.42%, so DIVE currently pays the higher dividend yield.
Is QQQ better than DIVE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. DIVE is less concentrated, with 46.4% 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.