DUNK vs QQQ
Dana Unconstrained Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, DUNK 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 68.5%.
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 | DUNK | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $178M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 54 | 321 |
| YTD Return | +19.14% | +19.30%Best |
| 1Y Return | +14.32% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 25.1% | 21.2%Best |
| Max Drawdown | -25.6% | -12.0%Best |
| $10,000 over 1.1 years | $11,583 | $12,463Best |
| Top 10 Weight | 68.5% | 46.7%Best |
| Fund Family | Dana Investment Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | 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).
DUNK 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.
DUNK vs QQQ Performance
Dana Unconstrained Equity ETF (DUNK) is an ETF from Dana Investment Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year DUNK returned +14.32% while QQQ returned +22.47%. Year to date, DUNK is up 19.14% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DUNK has been the more volatile fund, with annualized monthly volatility of 25.1% compared with 21.2% 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 -25.6% for DUNK 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DUNK charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, DUNK currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
51.4% of DUNK's money is in holdings QQQ also owns. 32.8% of QQQ's money is in holdings DUNK also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 26 positions we hold weights for in DUNK and 101 in QQQ, against full books of 54 and 321.
What only one of them owns
Our book lists 81 positions for QQQ that do not appear in our book for DUNK (64.2% of the fund), and 13 for DUNK that do not appear in QQQ (48.7%).
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 DUNK | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 9.26% | 5.76% | 3.50% |
| NVDANvidia Corp | 6.35% | 8.33% | 1.98% |
| SHOP:CAShopify Inc | 8.16% | 0.75% | 7.41% |
| AMZNAmazon.Com Inc | 4.12% | 4.07% | 0.05% |
| AMDAdvanced Micro Devices Inc | 2.03% | 4.17% | 2.14% |
| DDOGDatadog Inc | 5.65% | 0.38% | 5.27% |
| DASHDoordash Inc - A | 4.99% | 0.31% | 4.68% |
| METAMeta Platforms Inc | 1.87% | 3.26% | 1.39% |
| AVGOBroadcom Inc | 1.84% | 2.53% | 0.69% |
| ABNBAirbnb Inc | 2.64% | 0.28% | 2.36% |
51.4% of DUNK 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, DUNK or QQQ?
DUNK has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, DUNK or QQQ?
Over the past year DUNK returned +14.32% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), DUNK annualized +14.29% vs +22.16% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DUNK or QQQ?
DUNK has been the more volatile fund at 25.1% annualized versus 21.2% for QQQ. Worst drawdown: DUNK -25.6% vs QQQ -12.0%.
Should I hold both DUNK and QQQ?
DUNK and QQQ have a monthly-return correlation of 0.66, 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 DUNK and QQQ?
51.4% of DUNK's money is in holdings QQQ also owns. 32.8% of QQQ's is in holdings DUNK also owns. They hold 13 positions in common, counted across the 26 positions we hold weights for in DUNK and 101 in QQQ.
Which pays a higher dividend, DUNK or QQQ?
DUNK yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than DUNK?
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 68.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.