HWO vs QQQ
Hotchkis & Wiley Opportunities Fund ETF vs Invesco QQQ Trust, Series 1
Which is better, HWO or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y. HWO is less concentrated, with 45.5% 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 | HWO | QQQ |
|---|---|---|
| Expense Ratio | 0.90% | 0.18%Best |
| AUM | $532,756.73 | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 53 | 321 |
| YTD Return | +5.80% | +19.30%Best |
| 1Y Return | - | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Top 10 Weight | 45.5%Best | 46.7% |
| Fund Family | Hotchkis & Wiley Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Jul 22, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
HWO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HWO vs QQQ Performance
Hotchkis & Wiley Opportunities Fund ETF (HWO) is an ETF from Hotchkis & Wiley Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, HWO is up 5.80% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
HWO charges 0.90% per year while QQQ charges 0.18%. On a $10,000 position that is $90 vs $18 annually, a gap of $72 per year that compounds over a long holding period. On income, HWO currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
18.2% of HWO's money is in holdings QQQ also owns. 9.3% of QQQ's money is in holdings HWO also owns.
HWO and QQQ share little of their money.
5 positions in common, counted across the 53 positions we hold weights for in HWO and 101 in QQQ, against full books of 53 and 321.
What only one of them owns
Our book lists 88 positions for QQQ that do not appear in our book for HWO (87.0% of the fund), and 39 for HWO that do not appear in QQQ (63.2%).
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 HWO 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, HWO or QQQ?
HWO has an expense ratio of 0.90% while QQQ charges 0.18%. QQQ is the cheaper option, by $72 a year on a $10,000 investment.
What is the holdings overlap between HWO and QQQ?
18.2% of HWO's money is in holdings QQQ also owns. 9.3% of QQQ's is in holdings HWO also owns. They hold 5 positions in common, counted across the 53 positions we hold weights for in HWO and 101 in QQQ.
Which pays a higher dividend, HWO or QQQ?
HWO yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than HWO?
QQQ has a lower expense ratio. QQQ led over 1Y. HWO is less concentrated, with 45.5% 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.