IGA vs QQQ
Voya Global Advantage and Premium Opportunity Fund vs Invesco QQQ Trust, Series 1
Which is better, IGA or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IGA is less concentrated, with 18.4% 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 | IGA | QQQ |
|---|---|---|
| Expense Ratio | 0.97% | 0.18%Best |
| AUM | $168M | $506.1B |
| Dividend Yield | 9.48% | 0.42% |
| Holdings | 251 | 321 |
| YTD Return | +11.08% | +19.30%Best |
| 1Y Return | +13.10% | +22.47%Best |
| 3Y Return (annualized) | +18.88% | +26.18%Best |
| 5Y Return (annualized) | +10.70% | +15.42%Best |
| Volatility (annualized) | 16.0%Best | 18.4% |
| Max Drawdown | -72.2% | -53.5%Best |
| $10,000 over 5 years | $16,624 | $20,484Best |
| Top 10 Weight | 18.4%Best | 46.7% |
| Fund Family | Voya Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 26, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 27, 2005 to Oct 14, 2026 (21 years).
IGA 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.
IGA vs QQQ Performance
Voya Global Advantage and Premium Opportunity Fund (IGA) is an ETF from Voya Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IGA returned +13.10% while QQQ returned +22.47%. Year to date, IGA is up 11.08% versus a gain of 19.30% for QQQ.
Over three years, IGA compounded at +18.88% per year against +26.18% for QQQ; over five years the annualized figures are +10.70% and +15.42% respectively. Across the full 21-year window we track, QQQ has the edge at +15.31% annualized vs -0.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 16.0% for IGA. 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 -72.2% for IGA and -53.5% 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 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IGA charges 0.97% per year while QQQ charges 0.18%. On a $10,000 position that is $97 vs $18 annually, a gap of $79 per year that compounds over a long holding period. On income, IGA currently yields 9.48% against 0.42% for QQQ.
Holdings Overlap
18.2% of IGA's money is in holdings QQQ also owns. 34.7% of QQQ's money is in holdings IGA also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 237 positions we hold weights for in IGA and 101 in QQQ, against full books of 251 and 321.
What only one of them owns
Our book lists 72 positions for QQQ that do not appear in our book for IGA (62.5% of the fund), and 122 for IGA that do not appear in QQQ (52.1%).
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 IGA | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.71% | 5.76% | 1.95% |
| NVDANvidia Corp. | 0.56% | 8.33% | 7.77% |
| MUMicron Technology, Inc. | 1.52% | 5.02% | 3.50% |
| METAMeta Platform Inc | 1.25% | 3.26% | 2.01% |
| GOOGLAlphabet Inc-cl A | 0.44% | 3.05% | 2.61% |
| AMATApplied Materials, Inc. | 0.35% | 1.70% | 1.35% |
| PEPPepsico Inc. | 0.83% | 0.72% | 0.11% |
| KLACKla Corp. | 0.35% | 1.06% | 0.71% |
| QCOMQualcomm Inc. | 0.50% | 0.81% | 0.31% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.53% | 0.73% | 0.20% |
34.7% of QQQ is already inside IGA.
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, IGA or QQQ?
IGA has an expense ratio of 0.97% while QQQ charges 0.18%. QQQ is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, IGA or QQQ?
Over the past year IGA returned +13.10% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), IGA annualized -0.68% vs +15.31% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGA or QQQ?
QQQ has been the more volatile fund at 18.4% annualized versus 16.0% for IGA. Worst drawdown: IGA -72.2% vs QQQ -53.5%.
Should I hold both IGA and QQQ?
IGA and QQQ have a monthly-return correlation of 0.60, 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 IGA and QQQ?
34.7% of QQQ's money is in holdings IGA also owns. 34.7% of QQQ's is in holdings IGA also owns. They hold 22 positions in common, counted across the 237 positions we hold weights for in IGA and 101 in QQQ.
Which pays a higher dividend, IGA or QQQ?
IGA yields 9.48% while QQQ yields 0.42%, so IGA currently pays the higher dividend yield.
Is QQQ better than IGA?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IGA is less concentrated, with 18.4% 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.