KBWY vs QQQ
Invesco KBW Premium Yield Equity REIT ETF vs Invesco QQQ Trust, Series 1
Which is better, KBWY or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. KBWY is less concentrated, with 45.1% 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 | KBWY | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $287M | $506.1B |
| Dividend Yield | 8.89% | 0.42% |
| Holdings | 32 | 321 |
| YTD Return | +9.91% | +19.30%Best |
| 1Y Return | +14.18% | +22.47%Best |
| 3Y Return (annualized) | +6.45% | +26.18%Best |
| 5Y Return (annualized) | -0.20% | +15.42%Best |
| Volatility (annualized) | 22.2% | 17.3%Best |
| Max Drawdown | -64.3% | -35.1%Best |
| $10,000 over 5 years | $9,900 | $20,484Best |
| Top 10 Weight | 45.1%Best | 46.7% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Dec 2, 2010 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2010 to Oct 14, 2026 (15.9 years).
KBWY 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.
KBWY vs QQQ Performance
Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KBWY returned +14.18% while QQQ returned +22.47%. Year to date, KBWY is up 9.91% versus a gain of 19.30% for QQQ.
Over three years, KBWY compounded at +6.45% per year against +26.18% for QQQ; over five years the annualized figures are -0.20% and +15.42% respectively. Across the full 16-year window we track, QQQ has the edge at +18.11% annualized vs +0.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWY has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 17.3% 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 -64.3% for KBWY 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 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KBWY charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, KBWY currently yields 8.89% against 0.42% for QQQ.
Holdings Overlap
3.9% of KBWY's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings KBWY also owns.
KBWY and QQQ share little of their money.
1 positions in common, counted across the 28 positions we hold weights for in KBWY and 101 in QQQ, against full books of 32 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for KBWY (94.6% of the fund), and 27 for KBWY that do not appear in QQQ (96.7%).
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 KBWY | Weight in QQQ | Difference |
|---|---|---|---|
| CTOCTO Realty Growth, Inc. | 3.90% | 1.69% | 2.21% |
You are not choosing between two funds in isolation.
Whichever of KBWY 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, KBWY or QQQ?
KBWY has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, KBWY or QQQ?
Over the past year KBWY returned +14.18% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), KBWY annualized +0.02% vs +18.11% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KBWY or QQQ?
KBWY has been the more volatile fund at 22.2% annualized versus 17.3% for QQQ. Worst drawdown: KBWY -64.3% vs QQQ -35.1%.
Should I hold both KBWY and QQQ?
KBWY and QQQ have a monthly-return correlation of 0.54, 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 KBWY and QQQ?
3.9% of KBWY's money is in holdings QQQ also owns. 1.7% of QQQ's is in holdings KBWY also owns. They hold 1 positions in common, counted across the 28 positions we hold weights for in KBWY and 101 in QQQ.
Which pays a higher dividend, KBWY or QQQ?
KBWY yields 8.89% while QQQ yields 0.42%, so KBWY currently pays the higher dividend yield.
Is QQQ better than KBWY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. KBWY is less concentrated, with 45.1% 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.