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QOWZvsDEMZETF Comparison

ETF 1

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

This fund is part of

US Multi-Factor

-0.13%

Full QOWZ fund page

VS

ETF 2

DEMZ

The Democratic Large-Cap Core ETF

This fund is part of

US Large Cap

-0.1%

Full DEMZ fund page

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) belongs to the US Multi-Factor segment. The Democratic Large-Cap Core ETF (DEMZ) is part of the US Large Cap segment. QOWZ's top 3 sector exposures are Technology, Business Services and Healthcare. In contrast, DEMZ's top sector exposures are Technology, Industrials and Finance. QOWZ is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.45% for DEMZ. QOWZ is down -4.59% year-to-date (YTD) with -$2M in YTD flows. DEMZ performs better with 8.14% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of QOWZ and DEMZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QOWZ vs DEMZ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QOWZ DEMZ	+3.31%+0.20%	+1.58%+5.22%	-4.59%+8.14%	-5.89%+17.56%	n/a+70.40%	n/a+74.86%
Flows	QOWZ DEMZ	-+$1K	-$2M+$2M	-$2M+$6M	-$3M+$12M	-+$19M	-+$39M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QOWZ DEMZ	+16.24%+15.09%	+15.59%+14.81%	n/a+16.07%	n/a+18.43%
Max drawdown	QOWZ DEMZ	-8.53%-3.33%	-17.83%-12.25%	n/a-19.10%	n/a-27.17%
Max drawdown duration	QOWZ DEMZ	53d23d	269d94d	n/a187d	n/a719d

Trading data

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	QOWZ	DEMZ
Last sale 7/24/2026 at 1:30 PM	$34.10	$46.29
Previous close 07/23/2026	$33.68	$46.13
Consolidated volume 07/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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DEMZ

is actively managed and doesn’t replicate an index

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	QOWZ	DEMZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	QOWZ	DEMZ
Last price	$34.10	$46.29
1D performance	+1.24%	+0.34%
AuM	$11.60 M	$64.57 M
E/R	0.39%	0.45%

Characteristics

	QOWZ	DEMZ
Management strategy	Passive	Active
Provider	Invesco	Reflection Asset Management
Benchmark	Nasdaq US Free Cash Flow Achievers Index	-
N° of holdings	50	43
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	December 5, 2023	November 2, 2020
ESG	No	No

More QOWZ data on Trackinsight

More DEMZ data on Trackinsight

Exposure

Countries

QOWZ

USA

98.36%

Other

1.64%

DEMZ

USA

97.17%

Other

2.83%

Sectors

QOWZ

Technology

52.17%

Business Services

12.42%

Healthcare

10.77%

Industrials

10.09%

Other

14.55%

DEMZ

Technology

53.68%

Industrials

10.43%

Finance

9.91%

Consumer Non-Cycl.

7.7%

Other

18.28%

Diversification

QOWZ

Total weight of top 15 holdings out of 15

51.82%

DEMZ

Total weight of top 15 holdings out of 15

63.46%

Top 15 holdings

Data as of June 30, 2026

QOWZ

NVIDIA Corp.

9.53%

Broadcom Inc.

6.33%

KLA Corp.

4.87%

Mastercard, Inc.

4.58%

Fortinet, Inc.

3.03%

Cadence Design Systems, Inc.

2.80%

Automatic Data Processing, Inc.

2.67%

Salesforce, Inc.

2.66%

Republic Services, Inc.

2.52%

ServiceNow, Inc.

2.37%

Adobe, Inc.

2.19%

Intuit, Inc.

2.15%

Monolithic Power Systems, Inc.

2.11%

IDEXX Laboratories, Inc.

2.05%

Roper Technologies, Inc.

1.96%

DEMZ

Lam Research Corp.

5.57%

KLA Corp.

5.47%

Advanced Micro Devices, Inc.

4.91%

Microsoft Corp.

4.73%

NVIDIA Corp.

4.70%

Apple, Inc.

4.70%

Nordson Corp.

4.50%

Alphabet, Inc.

4.25%

Amphenol Corp.

4.21%

Loews Corp.

4.04%

Xylem, Inc.

3.87%

Meta Platforms, Inc.

3.82%

Costco Wholesale Corp.

3.73%

Kimco Realty Corp.

2.49%

Arista Networks, Inc.

2.48%

Frequently asked questions about QOWZ and DEMZ

How have the QOWZ and DEMZ ETFs performed in 2026?

As of July 24, 2026, QOWZ is down -4.59% year-to-date (YTD), while DEMZ has returned 8.14%. That puts DEMZ better performer ahead so far this year.

Which ETF is attracting more investor money: QOWZ or DEMZ?

Year-to-date, the QOWZ ETF saw -$2M in flows, compared to +$6M for DEMZ.

Which ETF is more volatile: QOWZ or DEMZ?

Over the past year, QOWZ had a volatility of 15.59%, while DEMZ experienced 14.81%.

Which ETF is bigger: QOWZ or DEMZ?

As of July 24, 2026, QOWZ holds $11.60 M in assets under management (AUM), while DEMZ manages $64.57 M.

What sectors do the QOWZ and DEMZ ETFs invest in?

QOWZ leans toward sectors like Technology, Business Services and Healthcare. Meanwhile, DEMZ focuses on Technology, Industrials and Finance.

What are the top holdings of the QOWZ ETF and DEMZ ETF?

QOWZ top holdings include NVIDIA Corp., Broadcom Inc. and KLA Corp.. DEMZ holds in its top three: Lam Research Corp., KLA Corp. and Advanced Micro Devices, Inc..

QOWZvsDEMZETF Comparison

Invesco Nasdaq Free Cash Flow Achievers ETF

The Democratic Large-Cap Core ETF

QOWZ vs DEMZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QOWZ and DEMZ ETFs performed in 2026?

As of July 24, 2026, QOWZ is down -4.59% year-to-date (YTD), while DEMZ has returned 8.14%. That puts DEMZ better performer ahead so far this year.

Which ETF is attracting more investor money: QOWZ or DEMZ?

Year-to-date, the QOWZ ETF saw -$2M in flows, compared to +$6M for DEMZ.

Which ETF is more volatile: QOWZ or DEMZ?

Over the past year, QOWZ had a volatility of 15.59%, while DEMZ experienced 14.81%.

Which ETF is bigger: QOWZ or DEMZ?

As of July 24, 2026, QOWZ holds $11.60 M in assets under management (AUM), while DEMZ manages $64.57 M.

What sectors do the QOWZ and DEMZ ETFs invest in?

QOWZ leans toward sectors like Technology, Business Services and Healthcare. Meanwhile, DEMZ focuses on Technology, Industrials and Finance.

What are the top holdings of the QOWZ ETF and DEMZ ETF?

QOWZ top holdings include NVIDIA Corp., Broadcom Inc. and KLA Corp.. DEMZ holds in its top three: Lam Research Corp., KLA Corp. and Advanced Micro Devices, Inc..

Which ETF is more diversified: QOWZ or DEMZ?

QOWZ holds 50 securities with 51.82% of its assets in the top 15. DEMZ has 43 securities and a top 15 weight of 63.46%.

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