POWA vs QLTY
Invesco Bloomberg Pricing Power ETF vs GMO US Quality ETF
Which is better, POWA or QLTY?
QLTY has been ahead.
POWA has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 45.5%.
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 | POWA | QLTY |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.50% |
| AUM | $162M | $5.4B |
| Dividend Yield | 0.98% | 0.66% |
| Holdings | 106 | 90 |
| YTD Return | -0.75% | +14.13%Best |
| 1Y Return | -0.04% | +20.95%Best |
| 3Y Return (annualized) | +10.97% | +21.84%Best |
| 5Y Return (annualized) | +6.65% | - |
| Volatility (annualized) | 11.0%Best | 11.9% |
| Max Drawdown | -15.7%Best | -17.0% |
| $10,000 over 2.9 years | $13,457 | $17,733Best |
| Top 10 Weight | 22.9%Best | 45.5% |
| Fund Family | Invesco (US) | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2006 | Nov 13, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
POWA vs QLTY 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 2.9 years both funds cover.
POWA vs QLTY Performance
Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US) and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year POWA returned -0.04% while QLTY returned +20.95%. Year to date, POWA is down 0.75% versus a gain of 14.13% for QLTY.
Over three years, POWA compounded at +10.97% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.0% for POWA. 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 -15.7% for POWA and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
POWA charges 0.40% per year while QLTY charges 0.50%. On a $10,000 position that is $40 vs $50 annually, a gap of $10 per year that compounds over a long holding period. On income, POWA currently yields 0.98% against 0.66% for QLTY.
Holdings Overlap
12.6% of POWA's money is in holdings QLTY also owns. 15.0% of QLTY's money is in holdings POWA also owns.
QLTY and POWA share little of their money.
6 positions in common, counted across the 51 positions we hold weights for in POWA and 45 in QLTY, against full books of 106 and 90.
What only one of them owns
Our book lists 39 positions for QLTY that do not appear in our book for POWA (84.7% of the fund), and 45 for POWA that do not appear in QLTY (87.4%).
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.
You are not choosing between two funds in isolation.
Whichever of POWA and QLTY 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, POWA or QLTY?
POWA has an expense ratio of 0.40% while QLTY charges 0.50%. POWA is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, POWA or QLTY?
Over the past year POWA returned -0.04% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, POWA or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 11.0% for POWA. Worst drawdown: POWA -15.7% vs QLTY -17.0%.
Should I hold both POWA and QLTY?
POWA and QLTY have a monthly-return correlation of 0.70, 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 POWA and QLTY?
15.0% of QLTY's money is in holdings POWA also owns. 15.0% of QLTY's is in holdings POWA also owns. They hold 6 positions in common, counted across the 51 positions we hold weights for in POWA and 45 in QLTY.
Which pays a higher dividend, POWA or QLTY?
POWA yields 0.98% while QLTY yields 0.66%, so POWA currently pays the higher dividend yield.
Is QLTY better than POWA?
POWA has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.