INNO vs QQQ
Harbor Disruptive Innovation ETF vs Invesco QQQ Trust, Series 1
Which is better, INNO or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. INNO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | INNO | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $3M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 71 | 321 |
| Volatility (annualized) | 26.2% | 22.4%Best |
| Max Drawdown | -49.9% | -35.1%Best |
| $10,000 over 3 years | $14,076Best | $13,925 |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Dec 1, 2021 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 670 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. INNO has data through Dec 13, 2024 and QQQ through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Dec 1, 2021 to Dec 13, 2024 (3 years).
Risk: Volatility and Drawdowns
INNO has been the more volatile fund, with annualized monthly volatility of 26.2% compared with 22.4% 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 -49.9% for INNO and -35.1% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
INNO 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, INNO currently yields 0.00% against 0.42% for QQQ.
You are not choosing between two funds in isolation.
Whichever of INNO 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, INNO or QQQ?
INNO 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 is riskier, INNO or QQQ?
INNO has been the more volatile fund at 26.2% annualized versus 22.4% for QQQ. Worst drawdown: INNO -49.9% vs QQQ -35.1%.
Should I hold both INNO and QQQ?
INNO and QQQ have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, INNO or QQQ?
INNO yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than INNO?
QQQ has a lower expense ratio. INNO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.