QQQ vs XSVM
Invesco QQQ Trust, Series 1 vs Invesco S&P SmallCap Value with Momentum ETF
Which is better, QQQ or XSVM?
Large Cap Growth against Small Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. XSVM is less concentrated, with 16.1% 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 | XSVM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.36% |
| AUM | $506.1B | $588M |
| Dividend Yield | 0.42% | 1.80% |
| Holdings | 321 | 244 |
| YTD Return | +19.30%Best | +15.22% |
| 1Y Return | +22.47%Best | +18.18% |
| 3Y Return (annualized) | +26.18%Best | +13.67% |
| 5Y Return (annualized) | +15.42%Best | +6.51% |
| Volatility (annualized) | 18.4%Best | 21.8% |
| Max Drawdown | -53.5%Best | -64.1% |
| $10,000 over 5 years | $20,484Best | $13,707 |
| Top 10 Weight | 46.7% | 16.1%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Small Cap Value |
| Inception | Mar 10, 1999 | Mar 3, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Mar 3, 2005 to Oct 14, 2026 (21.6 years).
QQQ vs XSVM 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 21.6 years both funds cover.
QQQ vs XSVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) is an ETF from Invesco (US). Over the past year QQQ returned +22.47% while XSVM returned +18.18%. Year to date, QQQ is up 19.30% versus a gain of 15.22% for XSVM.
Over three years, QQQ compounded at +26.18% per year against +13.67% for XSVM; over five years the annualized figures are +15.42% and +6.51% respectively. Across the full 22-year window we track, QQQ has the edge at +14.92% annualized vs +7.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XSVM has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 18.4% 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 -64.1% for XSVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while XSVM charges 0.36%. On a $10,000 position that is $18 vs $36 annually, a gap of $18 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 1.80% for XSVM.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 118 in XSVM, totalling 99.6% and 100.0% 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 118 in XSVM, against full books of 321 and 244.
What only one of them owns
Our book lists 113 positions for XSVM that do not appear in our book for QQQ (94.6% of the fund), and 93 for QQQ that do not appear in XSVM (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 XSVM 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 XSVM?
QQQ has an expense ratio of 0.18% while XSVM charges 0.36%. QQQ is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, QQQ or XSVM?
Over the past year QQQ returned +22.47% vs +18.18% for XSVM, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), QQQ annualized +14.92% vs +7.50% for XSVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or XSVM?
XSVM has been the more volatile fund at 21.8% annualized versus 18.4% for QQQ. Worst drawdown: QQQ -53.5% vs XSVM -64.1%.
Should I hold both QQQ and XSVM?
QQQ and XSVM have a monthly-return correlation of 0.65, 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 XSVM?
QQQ yields 0.42% while XSVM yields 1.80%, so XSVM currently pays the higher dividend yield.
Is XSVM better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. XSVM is less concentrated, with 16.1% 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.