QOWZ vs QQQ
Invesco Nasdaq Free Cash Flow Achievers ETF vs Invesco QQQ Trust, Series 1
Which is better, QOWZ or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QOWZ is less concentrated, with 43.2% 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 | QOWZ | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $10M | $506.1B |
| Dividend Yield | 0.25% | 0.42% |
| Holdings | 106 | 321 |
| YTD Return | +4.35% | +19.30%Best |
| 1Y Return | +3.12% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 14.4%Best | 16.8% |
| Max Drawdown | -20.4%Best | -22.8% |
| $10,000 over 2.9 years | $15,837 | $19,452Best |
| Top 10 Weight | 43.2%Best | 46.7% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 6, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
QOWZ 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 2.9 years both funds cover.
QOWZ vs QQQ Performance
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QOWZ returned +3.12% while QQQ returned +22.47%. Year to date, QOWZ is up 4.35% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.4% for QOWZ. 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 -20.4% for QOWZ and -22.8% 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QOWZ charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, QOWZ currently yields 0.25% against 0.42% for QQQ.
Holdings Overlap
45.8% of QOWZ's money is in holdings QQQ also owns. 15.0% of QQQ's money is in holdings QOWZ also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 51 positions we hold weights for in QOWZ and 101 in QQQ, against full books of 106 and 321.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for QOWZ (81.3% of the fund), and 36 for QOWZ that do not appear in QQQ (54.2%).
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 QOWZ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 11.00% | 8.33% | 2.67% |
| AVGOBroadcom Inc | 6.83% | 2.53% | 4.30% |
| KLACKla-tencor | 4.18% | 1.06% | 3.12% |
| FTNTFortinet Inc | 3.06% | 0.55% | 2.51% |
| CDNSCadence Design Systems Inc. | 2.70% | 0.38% | 2.32% |
| ADPAutomatic Data Processing, Inc. | 2.51% | 0.43% | 2.08% |
| MPWRMonolithic Power Systems Inc | 2.58% | 0.28% | 2.30% |
| ADBEAdobe Systems | 2.28% | 0.40% | 1.88% |
| INTUIntuit, Inc. | 2.08% | 0.32% | 1.76% |
| IDXXIdexx Laboratories Inc Common Stock Usd 0.1 | 1.88% | 0.17% | 1.71% |
45.8% of QOWZ is already inside QQQ.
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, QOWZ or QQQ?
QOWZ has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, QOWZ or QQQ?
Over the past year QOWZ returned +3.12% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QOWZ or QQQ?
QQQ has been the more volatile fund at 16.8% annualized versus 14.4% for QOWZ. Worst drawdown: QOWZ -20.4% vs QQQ -22.8%.
Should I hold both QOWZ and QQQ?
QOWZ and QQQ have a monthly-return correlation of 0.66, 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 QOWZ and QQQ?
45.8% of QOWZ's money is in holdings QQQ also owns. 15.0% of QQQ's is in holdings QOWZ also owns. They hold 14 positions in common, counted across the 51 positions we hold weights for in QOWZ and 101 in QQQ.
Which pays a higher dividend, QOWZ or QQQ?
QOWZ yields 0.25% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than QOWZ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QOWZ is less concentrated, with 43.2% 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.