QQQ vs RPV
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Pure Value ETF
Which is better, QQQ or RPV?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, RPV over 1Y. RPV is less concentrated, with 22.1% 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 | QQQ | RPV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $506.1B | $1.7B |
| Dividend Yield | 0.42% | 2.20% |
| Holdings | 321 | 377 |
| YTD Return | +19.30%Best | +15.72% |
| 1Y Return | +22.47% | +23.95%Best |
| 3Y Return (annualized) | +26.18%Best | +20.77% |
| 5Y Return (annualized) | +15.42%Best | +11.06% |
| Volatility (annualized) | 18.6%Best | 22.1% |
| Max Drawdown | -53.5%Best | -76.8% |
| $10,000 over 5 years | $20,484Best | $16,896 |
| Top 10 Weight | 46.7% | 22.1%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Mar 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Oct 14, 2026 (20.6 years).
QQQ vs RPV 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 20.6 years both funds cover.
QQQ vs RPV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Pure Value ETF (RPV) is an ETF from Invesco (US). Over the past year QQQ returned +22.47% while RPV returned +23.95%. Year to date, QQQ is up 19.30% versus a gain of 15.72% for RPV.
Over three years, QQQ compounded at +26.18% per year against +20.77% for RPV; over five years the annualized figures are +15.42% and +11.06% respectively. Across the full 21-year window we track, QQQ has the edge at +15.20% annualized vs +7.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPV has been the more volatile fund, with annualized monthly volatility of 22.1% 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 -53.5% for QQQ and -76.8% for RPV. 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
QQQ charges 0.18% per year while RPV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 2.20% for RPV.
Holdings Overlap
1.2% of QQQ's money is in holdings RPV also owns. 2.7% of RPV's money is in holdings QQQ also owns.
RPV and QQQ share little of their money.
5 positions in common, counted across the 101 positions we hold weights for in QQQ and 118 in RPV, against full books of 321 and 377.
What only one of them owns
Our book lists 113 positions for RPV that do not appear in our book for QQQ (97.2% of the fund), and 88 for QQQ that do not appear in RPV (95.1%).
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 RPV 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 RPV?
QQQ has an expense ratio of 0.18% while RPV charges 0.35%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, QQQ or RPV?
Over the past year QQQ returned +22.47% vs +23.95% for RPV, so RPV leads on 1-year performance. Over the longest common window we track (21 years), QQQ annualized +15.20% vs +7.69% for RPV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or RPV?
RPV has been the more volatile fund at 22.1% annualized versus 18.6% for QQQ. Worst drawdown: QQQ -53.5% vs RPV -76.8%.
Should I hold both QQQ and RPV?
QQQ and RPV 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 QQQ and RPV?
2.7% of RPV's money is in holdings QQQ also owns. 2.7% of RPV's is in holdings QQQ also owns. They hold 5 positions in common, counted across the 101 positions we hold weights for in QQQ and 118 in RPV.
Which pays a higher dividend, QQQ or RPV?
QQQ yields 0.42% while RPV yields 2.20%, so RPV currently pays the higher dividend yield.
Is RPV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, RPV over 1Y. RPV is less concentrated, with 22.1% 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.