QQQ vs TDVG
Invesco QQQ Trust, Series 1 vs T. Rowe Price Dividend Growth ETF
Which is better, QQQ or TDVG?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. TDVG is less concentrated, with 30.5% 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 | TDVG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.50% |
| AUM | $506.1B | $1.3B |
| Dividend Yield | 0.42% | 1.01% |
| Holdings | 321 | 96 |
| YTD Return | +19.30%Best | +10.27% |
| 1Y Return | +22.47%Best | +13.89% |
| 3Y Return (annualized) | +26.18%Best | +16.21% |
| 5Y Return (annualized) | +15.42%Best | +9.78% |
| Volatility (annualized) | 20.0% | 13.5%Best |
| Max Drawdown | -35.1% | -19.2%Best |
| $10,000 over 5 years | $20,484Best | $15,945 |
| Top 10 Weight | 46.7% | 30.5%Best |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Aug 4, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Aug 5, 2020 to Oct 14, 2026 (6.2 years).
QQQ vs TDVG 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 6.2 years both funds cover.
QQQ vs TDVG Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Dividend Growth ETF (TDVG) is an ETF from T.Rowe Price. Over the past year QQQ returned +22.47% while TDVG returned +13.89%. Year to date, QQQ is up 19.30% versus a gain of 10.27% for TDVG.
Over three years, QQQ compounded at +26.18% per year against +16.21% for TDVG; over five years the annualized figures are +15.42% and +9.78% respectively. Across the full 6-year window we track, QQQ has the edge at +17.96% annualized vs +12.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 13.5% for TDVG. 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 -35.1% for QQQ and -19.2% for TDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TDVG charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 1.01% for TDVG.
Holdings Overlap
37.4% of QQQ's money is in holdings TDVG also owns. 30.7% of TDVG's money is in holdings QQQ also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 101 positions we hold weights for in QQQ and 92 in TDVG, against full books of 321 and 96.
What only one of them owns
Our book lists 66 positions for TDVG that do not appear in our book for QQQ (66.2% of the fund), and 70 for QQQ that do not appear in TDVG (58.9%).
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 QQQ | Weight in TDVG | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.35% | 5.73% | 1.62% |
| MSFTMicrosoft Corp | 5.76% | 5.17% | 0.59% |
| NVDANvidia Corp | 8.33% | 0.77% | 7.56% |
| AVGOBroadcom Inc | 2.53% | 3.55% | 1.02% |
| WMTWalmart, Inc. | 2.11% | 1.45% | 0.66% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.77% | 1.40% | 0.37% |
| AMATApplied Materials, Inc. | 1.70% | 0.99% | 0.71% |
| KLACKla-tencor | 1.06% | 1.42% | 0.36% |
| ADIAnalog Devices, Inc. | 0.80% | 1.46% | 0.66% |
| GILDGilead Sciences | 0.77% | 1.19% | 0.42% |
37.4% of QQQ is already inside TDVG.
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, QQQ or TDVG?
QQQ has an expense ratio of 0.18% while TDVG charges 0.50%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, QQQ or TDVG?
Over the past year QQQ returned +22.47% vs +13.89% for TDVG, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +17.96% vs +12.68% for TDVG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TDVG?
QQQ has been the more volatile fund at 20.0% annualized versus 13.5% for TDVG. Worst drawdown: QQQ -35.1% vs TDVG -19.2%.
Should I hold both QQQ and TDVG?
QQQ and TDVG have a monthly-return correlation of 0.73, 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 TDVG?
37.4% of QQQ's money is in holdings TDVG also owns. 30.7% of TDVG's is in holdings QQQ also owns. They hold 22 positions in common, counted across the 101 positions we hold weights for in QQQ and 92 in TDVG.
Which pays a higher dividend, QQQ or TDVG?
QQQ yields 0.42% while TDVG yields 1.01%, so TDVG currently pays the higher dividend yield.
Is TDVG better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. TDVG is less concentrated, with 30.5% 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.