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QQQ vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. AVUV

Last updated Jun 13, 2026

QQQ (Invesco QQQ ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. QQQ is passively managed, while AVUV is actively managed. Over the past 5 years, QQQ returned 16.85%/yr vs 11.57%/yr for AVUV. A 0.53 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.25%/yr for AVUV.

Performance

QQQ vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQQ achieves a 17.57% return, which is significantly lower than AVUV's 22.73% return.

QQQ

1D
0.59%
1M
0.93%
YTD
17.57%
6M
17.85%
1Y
35.82%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%

AVUV

1D
0.96%
1M
5.96%
YTD
22.73%
6M
19.51%
1Y
40.08%
3Y*
19.24%
5Y*
11.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%12.10%
AVUV
Avantis US Small Cap Value ETF		22.73%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%

Correlation

The correlation between QQQ and AVUV is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.53

The correlation between QQQ and AVUV has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

QQQ vs. AVUV - Sectors Allocation Comparison

Sectors
QQQ
AVUV

Technology

53.8%
7.0%

Communication Services

15.8%
2.8%

Consumer Cyclical

12.3%
18.0%

Consumer Defensive

7.7%
4.5%

Healthcare

4.2%
4.2%

Industrials

2.8%
13.9%

Utilities

1.4%
0.1%

Basic Materials

1.1%
4.9%

Energy

0.6%
18.2%

Financial Services

0.2%
25.8%

Real Estate

0.1%
0.7%

Technology

QQQ
53.8%
AVUV
7.0%

Communication Services

QQQ
15.8%
AVUV
2.8%

Consumer Cyclical

QQQ
12.3%
AVUV
18.0%

Consumer Defensive

QQQ
7.7%
AVUV
4.5%

Healthcare

QQQ
4.2%
AVUV
4.2%

Industrials

QQQ
2.8%
AVUV
13.9%

Utilities

QQQ
1.4%
AVUV
0.1%

Basic Materials

QQQ
1.1%
AVUV
4.9%

Energy

QQQ
0.6%
AVUV
18.2%

Financial Services

QQQ
0.2%
AVUV
25.8%

Real Estate

QQQ
0.1%
AVUV
0.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

Avantis US Small Cap Value ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

QQQ vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 8484
Overall Rank
AVUV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 8484
Sortino Ratio Rank
AVUV Omega Ratio Rank: 7777
Omega Ratio Rank
AVUV Calmar Ratio Rank: 9191
Calmar Ratio Rank
AVUV Martin Ratio Rank: 8585
Martin Ratio Rank
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.

QQQ vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Avantis US Small Cap Value ETF (AVUV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

QQQAVUVDifference
Sharpe ratioReturn per unit of total volatility
2.09
2.28

-0.19

Sortino ratioReturn per unit of downside risk
2.73
3.24

-0.51

Omega ratioGain probability vs. loss probability

1.37

1.39

-0.03

Calmar ratioReturn relative to maximum drawdown

3.01

5.06

-2.06

Martin ratioReturn relative to average drawdown

11.22

15.09

-3.87

QQQ vs. AVUV - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is comparable to the AVUV Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of QQQ and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQ vs. AVUV - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for QQQ and AVUV.

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Drawdown Indicators

QQQAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-49.42%

-33.55%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-7.95%

-4.01%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-28.79%

+6.02%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-28.79%

-6.33%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

—

—

Current Drawdown

Current decline from peak

-3.33%

0.00%

-3.33%

Average Drawdown

Average peak-to-trough decline

-32.75%

-7.91%

-24.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

2.67%

+0.53%

Volatility

QQQ vs. AVUV - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to Avantis US Small Cap Value ETF (AVUV) at 4.53%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QQQAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

4.53%

+3.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.81%

11.34%

+2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

17.19%

17.63%

-0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

22.75%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

28.26%

-5.88%

QQQ vs. AVUV - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQ vs. AVUV - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than AVUV's 1.61% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.61%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

QQQ and AVUV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (7.56%) compared to AVUV (4.53%). In terms of maximum drawdown, QQQ dropped -82.97% vs AVUV's -49.42%.

On 5-year performance, QQQ leads with 16.85% vs 11.57% for AVUV. On fees, QQQ is cheaper at 0.18% per year. On volatility, AVUV has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 16.85% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for AVUV.

AVUV has the higher dividend yield at 1.61%, compared with 0.39% for QQQ.

QQQ is categorized as Nasdaq-100, while AVUV is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.18% for QQQ and 0.25% for AVUV.

AVUV currently has the higher Sharpe Ratio (2.28 vs 2.09), 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.

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