TDV vs. QQQ

Last updated Jun 23, 2026

TDV (ProShares S&P Technology Dividend Aristocrats ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TDV is a Technology Equities fund tracking the Zacks 2040 Lifecycle Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, TDV returned 13.79%/yr vs 16.94%/yr for QQQ. Their correlation of 0.84 suggests significant overlap in exposure. TDV charges 0.66%/yr vs 0.18%/yr for QQQ.

Performance

TDV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TDV having a 21.00% return and QQQ slightly lower at 20.41%.

TDV

• 1D: 0.34%
• 1M: 3.53%
• YTD: 21.00%
• 6M: 18.86%
• 1Y: 32.41%
• 3Y*: 19.33%
• 5Y*: 13.79%
• 10Y*: —

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

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

TDV vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TDV ProShares S&P Technology Dividend Aristocrats ETF	21.00%	16.05%	9.72%	27.29%	-15.94%	28.29%	29.00%	2.86%
QQQ Invesco QQQ ETF	20.41%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	6.66%

Correlation

The correlation between TDV and QQQ is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.84

The correlation between TDV and QQQ has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

TDV vs. QQQ - Sectors Allocation Comparison

Sectors	TDV	QQQ
Technology	90.7%	58.7%
Financial Services	4.9%	0.2%
Industrials	4.4%	2.6%
Basic Materials	-	1.0%
Communication Services	-	14.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Healthcare	-	3.7%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

TDV vs. QQQ — Risk / Return Rank

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

TDV

TDV Risk / Return Rank: 58
TDV Sharpe Ratio Rank: 54
TDV Sortino Ratio Rank: 51
TDV Omega Ratio Rank: 51
TDV Calmar Ratio Rank: 70
TDV Martin Ratio Rank: 64

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

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.

TDV vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Invesco QQQ ETF (QQQ). 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.

	TDV	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.33	-0.55
Sortino ratio: Return per unit of downside risk	2.40	3.03	-0.63
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	3.41	3.44	-0.03
Martin ratio: Return relative to average drawdown	11.25	12.79	-1.54

TDV vs. QQQ - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.78, which is comparable to the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TDV and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDV vs. QQQ - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TDV and QQQ.

Drawdown Indicators

	TDV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-82.97%	+50.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-11.96%	+2.41%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-22.77%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-35.12%	+10.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-2.11%	-0.99%	-1.12%
Average Drawdown Average peak-to-trough decline	-5.35%	-32.73%	+27.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.21%	-0.32%

Volatility

TDV vs. QQQ - Volatility Comparison

ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Invesco QQQ ETF (QQQ) have volatilities of 8.25% and 8.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	8.47%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	14.21%	14.20%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	17.67%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	22.64%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	22.43%	+0.84%

TDV vs. QQQ - Expense Ratio Comparison

TDV has a 0.66% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TDV vs. QQQ - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 0.95%, more than QQQ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.95%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDV and QQQ in my portfolio?

TDV and QQQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDV or QQQ?

QQQ has higher volatility (8.47%) compared to TDV (8.25%). In terms of maximum drawdown, TDV dropped -32.78% vs QQQ's -82.97%.

Which ETF is better, TDV or QQQ?

On 5-year performance, QQQ leads with 16.94% vs 13.79% for TDV. On fees, QQQ is cheaper at 0.18% per year. On volatility, TDV has been the lower-risk option at 8.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDV or QQQ?

Over the 5-year period, QQQ has performed better with a 16.94% return vs 13.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDV or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.66% for TDV.

Which ETF pays a higher dividend yield, TDV or QQQ?

TDV has the higher dividend yield at 0.95%, compared with 0.49% for QQQ.

What is the main difference between TDV and QQQ?

TDV is categorized as Technology Equities, while QQQ is Nasdaq-100. TDV tracks Zacks 2040 Lifecycle Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.66% for TDV and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.33 vs 1.78), 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.