NACP vs QQQ
Impact Shares NAACP Minority Empowerment ETF vs Invesco QQQ Trust, Series 1
Which is better, NACP or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. NACP led over 1Y and 3Y, QQQ over 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. NACP is less concentrated, with 40.1% 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 | NACP | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $77M | $506.1B |
| Dividend Yield | 0.55% | 0.42% |
| Holdings | 402 | 321 |
| YTD Return | +21.92%Best | +19.30% |
| 1Y Return | +28.91%Best | +22.47% |
| 3Y Return (annualized) | +26.41%Best | +26.18% |
| 5Y Return (annualized) | +15.06% | +15.42%Best |
| Volatility (annualized) | 17.5%Best | 20.4% |
| Max Drawdown | -31.0%Best | -35.1% |
| $10,000 over 5 years | $20,166 | $20,484Best |
| Top 10 Weight | 40.1%Best | 46.7% |
| Fund Family | Impact shares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 12, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 19, 2018 to Oct 14, 2026 (8.2 years).
NACP 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 8.2 years both funds cover.
NACP vs QQQ Performance
Impact Shares NAACP Minority Empowerment ETF (NACP) is an ETF from Impact shares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NACP returned +28.91% while QQQ returned +22.47%. Year to date, NACP is up 21.92% versus a gain of 19.30% for QQQ.
Over three years, NACP compounded at +26.41% per year against +26.18% for QQQ; over five years the annualized figures are +15.06% and +15.42% respectively. Across the full 8-year window we track, QQQ has the edge at +19.06% annualized vs +16.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 17.5% for NACP. 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 -31.0% for NACP 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NACP charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, NACP currently yields 0.55% against 0.42% for QQQ.
Holdings Overlap
54.8% of NACP's money is in holdings QQQ also owns. 56.1% of QQQ's money is in holdings NACP also owns.
The two portfolios partly overlap.
32 positions in common, counted across the 200 positions we hold weights for in NACP and 101 in QQQ, against full books of 402 and 321.
What only one of them owns
Our book lists 61 positions for QQQ that do not appear in our book for NACP (40.1% of the fund), and 162 for NACP that do not appear in QQQ (44.4%).
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 NACP | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.93% | 8.33% | 3.40% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.71% | 5.76% | 1.05% |
| MUMicron Technology, Inc. | 4.25% | 5.02% | 0.77% |
| AMDAdvanced Micro Devices Inc. | 4.98% | 4.17% | 0.81% |
| AMZNAmazon.Com Inc | 4.73% | 4.07% | 0.66% |
| GOOGLAlphabet Inc-cl A | 4.11% | 3.05% | 1.06% |
| METAMeta Platform Inc | 3.79% | 3.26% | 0.53% |
| TSLATesla Motors Inc | 3.71% | 2.82% | 0.89% |
| INTCIntel Corp. | 2.61% | 2.64% | 0.03% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.19% | 1.77% | 0.42% |
56.1% of QQQ is already inside NACP.
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, NACP or QQQ?
NACP has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, NACP or QQQ?
Over the past year NACP returned +28.91% vs +22.47% for QQQ, so NACP leads on 1-year performance. Over the longest common window we track (8 years), NACP annualized +16.18% vs +19.06% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NACP or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 17.5% for NACP. Worst drawdown: NACP -31.0% vs QQQ -35.1%.
Should I hold both NACP and QQQ?
NACP and QQQ have a monthly-return correlation of 0.94, 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.
What is the holdings overlap between NACP and QQQ?
56.1% of QQQ's money is in holdings NACP also owns. 56.1% of QQQ's is in holdings NACP also owns. They hold 32 positions in common, counted across the 200 positions we hold weights for in NACP and 101 in QQQ.
Which pays a higher dividend, NACP or QQQ?
NACP yields 0.55% while QQQ yields 0.42%, so NACP currently pays the higher dividend yield.
Is QQQ better than NACP?
QQQ has a lower expense ratio. NACP led over 1Y and 3Y, QQQ over 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. NACP is less concentrated, with 40.1% 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.