QQQ vs WCAP
Invesco QQQ Trust, Series 1 vs WarCap Unconstrained Equity ETF
Which is better, QQQ or WCAP?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. WCAP is less concentrated, with 44.3% 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 | WCAP |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.00% |
| AUM | $506.1B | $62M |
| Dividend Yield | 0.42% | 0.04% |
| Holdings | 321 | 31 |
| YTD Return | +19.30%Best | -4.82% |
| 1Y Return | +22.47%Best | -4.83% |
| 3Y Return (annualized) | +26.18% | - |
| 5Y Return (annualized) | +15.42% | - |
| Volatility (annualized) | 21.2% | 12.2%Best |
| Max Drawdown | -12.0%Best | -15.9% |
| $10,000 over 1.1 years | $12,581Best | $9,252 |
| Top 10 Weight | 46.7% | 44.3%Best |
| Fund Family | Invesco (US) | Warren Capital Group |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Sep 11, 2025 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Sep 11, 2025 to Oct 14, 2026 (1.1 years).
QQQ vs WCAP 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 1.1 years both funds cover.
QQQ vs WCAP Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and WarCap Unconstrained Equity ETF (WCAP) is an ETF from Warren Capital Group. Over the past year QQQ returned +22.47% while WCAP returned -4.83%. Year to date, QQQ is up 19.30% versus a loss of 4.82% for WCAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.2% compared with 12.2% for WCAP. 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 -12.0% for QQQ and -15.9% for WCAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while WCAP charges 1.00%. On a $10,000 position that is $18 vs $100 annually, a gap of $82 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.04% for WCAP.
Holdings Overlap
52.6% of QQQ's money is in holdings WCAP also owns. 53.8% of WCAP's money is in holdings QQQ also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 101 positions we hold weights for in QQQ and 40 in WCAP, against full books of 321 and 31.
What only one of them owns
Our book lists 20 positions for WCAP that do not appear in our book for QQQ (41.6% of the fund), and 77 for QQQ that do not appear in WCAP (43.7%).
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 WCAP | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.35% | 6.47% | 0.88% |
| NVDANvidia Corp | 8.33% | 5.27% | 3.06% |
| MSFTMicrosoft Corp | 5.76% | 3.24% | 2.52% |
| MUMicron Technology, Inc. | 5.02% | 3.94% | 1.08% |
| AMZNAmazon.Com Inc | 4.07% | 4.19% | 0.12% |
| GOOGLAlphabet Inc | 3.05% | 3.85% | 0.80% |
| METAMeta Platforms Inc | 3.26% | 3.18% | 0.08% |
| TSLATesla Inc | 2.82% | 3.54% | 0.72% |
| AVGOBroadcom Inc | 2.53% | 3.76% | 1.23% |
| SPCXSpace Exploration Technologies | 2.70% | 3.18% | 0.48% |
53.8% of WCAP 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, QQQ or WCAP?
QQQ has an expense ratio of 0.18% while WCAP charges 1.00%. QQQ is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, QQQ or WCAP?
Over the past year QQQ returned +22.47% vs -4.83% for WCAP, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +23.21% vs -6.82% for WCAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or WCAP?
QQQ has been the more volatile fund at 21.2% annualized versus 12.2% for WCAP. Worst drawdown: QQQ -12.0% vs WCAP -15.9%.
Should I hold both QQQ and WCAP?
QQQ and WCAP have a monthly-return correlation of 0.81, 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 WCAP?
53.8% of WCAP's money is in holdings QQQ also owns. 53.8% of WCAP's is in holdings QQQ also owns. They hold 16 positions in common, counted across the 101 positions we hold weights for in QQQ and 40 in WCAP.
Which pays a higher dividend, QQQ or WCAP?
QQQ yields 0.42% while WCAP yields 0.04%, so QQQ currently pays the higher dividend yield.
Is WCAP better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. WCAP is less concentrated, with 44.3% 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.