QQQ vs QVOY
Invesco QQQ Trust, Series 1 vs Q3 All-Season Active Rotation ETF
Which is better, QQQ or QVOY?
Large Cap Growth against Multi Alternative.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 96.9%.
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 | QQQ | QVOY |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.32% |
| AUM | $506.1B | $58M |
| Dividend Yield | 0.42% | 0.59% |
| Holdings | 321 | 26 |
| YTD Return | +19.30%Best | +3.96% |
| 1Y Return | +22.47%Best | -2.98% |
| 3Y Return (annualized) | +26.18%Best | +6.92% |
| 5Y Return (annualized) | +15.42% | - |
| Volatility (annualized) | 17.4% | 14.2%Best |
| Max Drawdown | -22.8% | -17.1%Best |
| $10,000 over 3.9 years | $26,931Best | $13,287 |
| Top 10 Weight | 46.7%Best | 96.9% |
| Fund Family | Invesco (US) | Q3 Asset Management |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | Dec 6, 2022 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 7, 2022 to Oct 14, 2026 (3.9 years).
QQQ vs QVOY 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 3.9 years both funds cover.
QQQ vs QVOY Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Q3 All-Season Active Rotation ETF (QVOY) is an ETF from Q3 Asset Management. Over the past year QQQ returned +22.47% while QVOY returned -2.98%. Year to date, QQQ is up 19.30% versus a gain of 3.96% for QVOY.
Over three years, QQQ compounded at +26.18% per year against +6.92% for QVOY. Across the full 4-year window we track, QQQ has the edge at +28.92% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 14.2% for QVOY. 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 -22.8% for QQQ and -17.1% for QVOY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while QVOY charges 1.32%. On a $10,000 position that is $18 vs $132 annually, a gap of $114 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.59% for QVOY.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 12 in QVOY, totalling 99.6% and 99.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 101 positions we hold weights for in QQQ and 12 in QVOY, against full books of 321 and 26.
What only one of them owns
Our book lists 12 positions for QVOY that do not appear in our book for QQQ (99.4% of the fund), and 93 for QQQ that do not appear in QVOY (96.3%).
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 QQQ and QVOY 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, QQQ or QVOY?
QQQ has an expense ratio of 0.18% while QVOY charges 1.32%. QQQ is the cheaper option, by $114 a year on a $10,000 investment.
Which performed better, QQQ or QVOY?
Over the past year QQQ returned +22.47% vs -2.98% for QVOY, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +28.92% vs +7.56% for QVOY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QVOY?
QQQ has been the more volatile fund at 17.4% annualized versus 14.2% for QVOY. Worst drawdown: QQQ -22.8% vs QVOY -17.1%.
Should I hold both QQQ and QVOY?
QQQ and QVOY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or QVOY?
QQQ yields 0.42% while QVOY yields 0.59%, so QVOY currently pays the higher dividend yield.
Is QVOY better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 96.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.