Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QOWZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QOWZ
QOWZ charges 0.39% annually. There are 76 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Morningstar U.S. Equity ETF | 0.03% | 1.26B | Jun 2004 | QOWZ vs ILCB | |
| Vanguard Growth ETF | 0.03% | 393.80B | Jan 2004 | QOWZ vs VUG | |
| Invesco PureBeta MSCI USA ETF | 0.04% | 11.34B | Sep 2017 | QOWZ vs PBUS | |
| iShares Morningstar Growth ETF | 0.04% | 3.21B | Jun 2004 | QOWZ vs ILCG | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.13B | Sep 2000 | QOWZ vs SPYG |
Best Risk-Adjusted Alternatives to QOWZ
QOWZ has a PortfoliosLab risk / return rank of 6. There are 175 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 90 | 267.72M | Aug 2017 | QOWZ vs MFUS | |
| Inspire 100 ETF | 89 | 495.57M | Oct 2017 | QOWZ vs BIBL | |
| MarketDesk Focused U.S. Momentum ETF | 88 | 170.29M | Mar 2025 | QOWZ vs FMTM | |
| Grizzle Growth ETF | 88 | 33.20M | Dec 2021 | QOWZ vs DARP | |
| Hartford Multifactor US Equity ETF | 88 | 656.33M | Feb 2015 | QOWZ vs ROUS |
Top Performing QOWZ Alternatives (YTD)
QOWZ is at -7.89% YTD. There are 193 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 49.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SMART Earnings Growth 30 ETF | 49.54% | 50.41M | Aug 2025 | QOWZ vs SGRT | |
| Roundhill Meme Stock ETF | 48.23% | 26.18M | Oct 2025 | QOWZ vs MEME | |
| Franklin Intelligent Machines ETF | 37.46% | 117.69M | Feb 2020 | QOWZ vs IQM | |
| Invesco S&P 500 Pure Growth ETF | 34.97% | 2.27B | Mar 2006 | QOWZ vs RPG | |
| MarketDesk Focused U.S. Momentum ETF | 32.56% | 170.29M | Mar 2025 | QOWZ vs FMTM |
Lowest Volatility Alternatives to QOWZ
QOWZ has 15.51% 1-year volatility. There are 80 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 7.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Core Alternative ETF | 7.55% | 39.10M | May 2017 | QOWZ vs CCOR | |
| SPDR MSCI USA StrategicFactors ETF | 9.16% | 1.50B | Apr 2015 | QOWZ vs QUS | |
| Invesco Dividend Achievers™ ETF | 9.45% | 774.52M | Sep 2005 | QOWZ vs PFM | |
| iShares Core Dividend Growth ETF | 9.49% | 41.89B | Jun 2014 | QOWZ vs DGRO | |
| T. Rowe Price Dividend Growth ETF | 9.73% | 1.36B | Aug 2020 | QOWZ vs TDVG |
Lowest Drawdown Alternatives to QOWZ
QOWZ has a 1-year max drawdown of -17.81%. There are 151 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverFront Dynamic US Dividend Advantage ETF | -5.45% | 85.26M | Jun 2016 | QOWZ vs RFDA | |
| Hartford Multifactor US Equity ETF | -5.97% | 656.33M | Feb 2015 | QOWZ vs ROUS | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | -6.39% | 267.72M | Aug 2017 | QOWZ vs MFUS | |
| iShares Core Dividend Growth ETF | -6.47% | 41.89B | Jun 2014 | QOWZ vs DGRO | |
| SPDR MSCI USA StrategicFactors ETF | -6.85% | 1.50B | Apr 2015 | QOWZ vs QUS |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 64 | 16.89% | 493.17B | Mar 1999 | QOWZ vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 80 | 34.38% | 21.99B | Oct 2015 | QOWZ vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 64 | 16.89% | 101.29B | Oct 2020 | QOWZ vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 61 | 11.44% | 92.57B | Apr 2003 | QOWZ vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 97.25% | 3.22B | Jun 2021 | QOWZ vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 36 | 0.84% | 10.60B | May 2005 | QOWZ vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 75 | 18.67% | 21.05B | Dec 2005 | QOWZ vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 38 | 9.11% | 3.27B | Oct 2012 | QOWZ vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 74 | 23.99% | 8.18B | Mar 2005 | QOWZ vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 41 | 9.73% | 8.26B | Oct 2005 | QOWZ vs PPA |
Often Compared With QOWZ
Investors most often compare QOWZ with COWZ, VFLO, GARP. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare QOWZ with Any Fund or Stock
Compare QOWZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QOWZ with funds that move differently
Invesco Nasdaq Free Cash Flow Achievers ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QOWZ.
Explore QOWZ Diversifiers