QQQ vs VONV
Invesco QQQ Trust, Series 1 vs Vanguard Russell 1000 Value ETF
Which is better, QQQ or VONV?
Large Cap Growth against Large Cap Value.
VONV has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, VONV over 1Y. VONV is less concentrated, with 28.6% 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 | VONV |
|---|---|---|
| Expense Ratio | 0.18% | 0.06%Best |
| AUM | $506.1B | $21.7B |
| Dividend Yield | 0.42% | 1.60% |
| Holdings | 321 | 875 |
| YTD Return | +19.30% | +21.17%Best |
| 1Y Return | +22.47% | +27.22%Best |
| 3Y Return (annualized) | +26.18%Best | +21.07% |
| 5Y Return (annualized) | +15.42%Best | +11.69% |
| Volatility (annualized) | 17.2% | 14.4%Best |
| Max Drawdown | -35.1%Best | -38.2% |
| $10,000 over 5 years | $20,484Best | $17,381 |
| Top 10 Weight | 46.7% | 28.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 20, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2010 to Oct 14, 2026 (16.1 years).
QQQ vs VONV 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 16.1 years both funds cover.
QQQ vs VONV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Vanguard Russell 1000 Value ETF (VONV) is an ETF from Vanguard (US). Over the past year QQQ returned +22.47% while VONV returned +27.22%. Year to date, QQQ is up 19.30% versus a gain of 21.17% for VONV.
Over three years, QQQ compounded at +26.18% per year against +21.07% for VONV; over five years the annualized figures are +15.42% and +11.69% respectively. Across the full 16-year window we track, QQQ has the edge at +18.60% annualized vs +10.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.4% for VONV. 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 -38.2% for VONV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while VONV charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 1.60% for VONV.
Holdings Overlap
43.9% of QQQ's money is in holdings VONV also owns. 28.0% of VONV's money is in holdings QQQ also owns.
The two portfolios partly overlap.
49 positions in common, counted across the 101 positions we hold weights for in QQQ and 864 in VONV, against full books of 321 and 875.
What only one of them owns
Our book lists 747 positions for VONV that do not appear in our book for QQQ (70.8% of the fund), and 43 for QQQ that do not appear in VONV (52.4%).
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 QQQ | Weight in VONV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.35% | 5.58% | 1.77% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.01% | 0.75% |
| AMZNAmazon.Com Inc | 4.07% | 6.14% | 2.07% |
| METAMeta Platform Inc | 3.26% | 0.61% | 2.65% |
| INTCIntel Corp. | 2.64% | 1.09% | 1.55% |
| WMTWalmart, Inc. | 2.11% | 1.12% | 0.99% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.77% | 1.16% | 0.61% |
| SPCXSpace Exploration Technologies Corp. | 2.70% | 0.02% | 2.68% |
| QCOMQualcomm Inc. | 0.81% | 0.48% | 0.33% |
| GILDGilead Sciences Inc | 0.77% | 0.48% | 0.29% |
43.9% of QQQ is already inside VONV.
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 VONV?
QQQ has an expense ratio of 0.18% while VONV charges 0.06%. VONV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QQQ or VONV?
Over the past year QQQ returned +22.47% vs +27.22% for VONV, so VONV leads on 1-year performance. Over the longest common window we track (16 years), QQQ annualized +18.60% vs +10.38% for VONV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or VONV?
QQQ has been the more volatile fund at 17.2% annualized versus 14.4% for VONV. Worst drawdown: QQQ -35.1% vs VONV -38.2%.
Should I hold both QQQ and VONV?
QQQ and VONV have a monthly-return correlation of 0.72, 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 VONV?
43.9% of QQQ's money is in holdings VONV also owns. 28.0% of VONV's is in holdings QQQ also owns. They hold 49 positions in common, counted across the 101 positions we hold weights for in QQQ and 864 in VONV.
Which pays a higher dividend, QQQ or VONV?
QQQ yields 0.42% while VONV yields 1.60%, so VONV currently pays the higher dividend yield.
Is VONV better than QQQ?
VONV has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, VONV over 1Y. VONV is less concentrated, with 28.6% 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.