PYZ vs QQQ
Invesco Dorsey Wright Basic Materials Momentum ETF vs Invesco QQQ Trust, Series 1
Which is better, PYZ or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PYZ is less concentrated, with 38.3% 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 | PYZ | QQQ |
|---|---|---|
| Expense Ratio | 0.60% | 0.18%Best |
| AUM | $65M | $506.1B |
| Dividend Yield | 0.50% | 0.42% |
| Holdings | 90 | 321 |
| YTD Return | +0.98% | +19.30%Best |
| 1Y Return | +0.04% | +22.47%Best |
| 3Y Return (annualized) | +15.03% | +26.18%Best |
| 5Y Return (annualized) | +6.08% | +15.42%Best |
| Volatility (annualized) | 24.1% | 18.6%Best |
| Max Drawdown | -65.7% | -53.5%Best |
| $10,000 over 5 years | $13,433 | $20,484Best |
| Top 10 Weight | 38.3%Best | 46.7% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Oct 12, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Oct 14, 2026 (20 years).
PYZ 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 20 years both funds cover.
PYZ vs QQQ Performance
Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PYZ returned +0.04% while QQQ returned +22.47%. Year to date, PYZ is up 0.98% versus a gain of 19.30% for QQQ.
Over three years, PYZ compounded at +15.03% per year against +26.18% for QQQ; over five years the annualized figures are +6.08% and +15.42% respectively. Across the full 20-year window we track, QQQ has the edge at +15.49% annualized vs +8.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYZ has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 18.6% 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 -65.7% for PYZ 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PYZ charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, PYZ currently yields 0.50% against 0.42% for QQQ.
Holdings Overlap
2.6% of PYZ's money is in holdings QQQ also owns. 0.9% of QQQ's money is in holdings PYZ also owns.
PYZ and QQQ share little of their money.
1 positions in common, counted across the 41 positions we hold weights for in PYZ and 101 in QQQ, against full books of 90 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for PYZ (96.3% of the fund), and 40 for PYZ that do not appear in QQQ (97.4%).
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 PYZ | Weight in QQQ | Difference |
|---|---|---|---|
| LIN:IELinde Plc Ordinary Shares | 2.63% | 0.91% | 1.72% |
You are not choosing between two funds in isolation.
Whichever of PYZ 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, PYZ or QQQ?
PYZ has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, PYZ or QQQ?
Over the past year PYZ returned +0.04% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), PYZ annualized +8.03% vs +15.49% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PYZ or QQQ?
PYZ has been the more volatile fund at 24.1% annualized versus 18.6% for QQQ. Worst drawdown: PYZ -65.7% vs QQQ -53.5%.
Should I hold both PYZ and QQQ?
PYZ and QQQ have a monthly-return correlation of 0.74, 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 PYZ and QQQ?
2.6% of PYZ's money is in holdings QQQ also owns. 0.9% of QQQ's is in holdings PYZ also owns. They hold 1 positions in common, counted across the 41 positions we hold weights for in PYZ and 101 in QQQ.
Which pays a higher dividend, PYZ or QQQ?
PYZ yields 0.50% while QQQ yields 0.42%, so PYZ currently pays the higher dividend yield.
Is QQQ better than PYZ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. PYZ is less concentrated, with 38.3% 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.