QBIG vs. CVSE

Last updated Jun 4, 2026

QBIG (Invesco Top QQQ ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, QBIG returned 35.93% vs 8.06% for CVSE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.

Performance

QBIG vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Top QQQ ETF (QBIG) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QBIG

• 1D: -1.97%
• 1M: 3.99%
• YTD: 8.80%
• 6M: 6.39%
• 1Y: 35.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBIG vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBIG Invesco Top QQQ ETF	8.80%	21.46%	3.04%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	-5.34%

Correlation

The correlation between QBIG and CVSE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.49

Over the past year, the correlation between QBIG and CVSE has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

QBIG vs. CVSE - Sectors Allocation Comparison

Sectors	QBIG	CVSE
Technology	19.4%	39.5%
Financial Services	14.8%	16.3%
Consumer Cyclical	7.9%	7.0%
Communication Services	6.0%	5.1%
Basic Materials	-	2.7%
Consumer Defensive	-	1.7%
Energy	-	-
Healthcare	-	10.3%
Industrials	-	11.3%
Real Estate	-	3.5%
Utilities	-	2.5%

Return for Risk

QBIG vs. CVSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBIG

QBIG Risk / Return Rank: 45
QBIG Sharpe Ratio Rank: 53
QBIG Sortino Ratio Rank: 50
QBIG Omega Ratio Rank: 49
QBIG Calmar Ratio Rank: 37
QBIG Martin Ratio Rank: 36

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBIG vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Top QQQ ETF (QBIG) and Calvert US Select Equity ETF (CVSE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QBIG	CVSE	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.28	+0.58
Sortino ratio: Return per unit of downside risk	2.48	1.90	+0.58
Omega ratio: Gain probability vs. loss probability	1.31	1.40	-0.09
Calmar ratio: Return relative to maximum drawdown	1.83	2.66	-0.82
Martin ratio: Return relative to average drawdown	5.73	5.71	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBIG vs. CVSE - Sharpe Ratio Comparison

The current QBIG Sharpe Ratio is 1.86, which is higher than the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of QBIG and CVSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QBIG	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.28	+0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.92	-0.07

Drawdowns

QBIG vs. CVSE - Drawdown Comparison

The maximum QBIG drawdown since its inception was -30.33%, which is greater than CVSE's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for QBIG and CVSE.

Drawdown Indicators

	QBIG	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-20.29%	-10.04%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-3.08%	-16.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-3.34%	-1.68%	-1.66%
Average Drawdown Average peak-to-trough decline	-7.02%	-2.69%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	1.42%	+4.87%

Volatility

QBIG vs. CVSE - Volatility Comparison

Invesco Top QQQ ETF (QBIG) has a higher volatility of 5.32% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that QBIG's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBIG	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	0.00%	+5.32%
Volatility (6M) Calculated over the trailing 6-month period	14.64%	0.00%	+14.64%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	6.49%	+12.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	13.87%	+13.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	13.87%	+13.45%

QBIG vs. CVSE - Expense Ratio Comparison

Both QBIG and CVSE have an expense ratio of 0.29%.

Dividends

QBIG vs. CVSE - Dividend Comparison

QBIG has not paid dividends to shareholders, while CVSE's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBIG and CVSE in my portfolio?

QBIG and CVSE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBIG or CVSE?

QBIG has higher volatility (5.32%) compared to CVSE (0.00%). In terms of maximum drawdown, QBIG dropped -30.33% vs CVSE's -20.29%.

Which ETF is better, QBIG or CVSE?

On 1-year performance, QBIG leads with 35.93% vs 8.06% for CVSE. Both ETFs have the same 0.29% expense ratio. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBIG or CVSE?

Over the 1-year period, QBIG has performed better with a 35.93% return vs 8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBIG or CVSE?

QBIG and CVSE have the same expense ratio: 0.29% per year.

Which ETF pays a higher dividend yield, QBIG or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.00% for QBIG.

What is the main difference between QBIG and CVSE?

They also come from different issuers: Invesco and Calvert.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (1.86 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.