AALG vs QQQ
AALG vs QQQ
Leverage Shares 2X Long AAL Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. AALG delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | AALG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 1.34% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | -15.46% | +18.20% | |
| 1Y Return | +29.93% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 105.2% | 30.6% | |
| Max Drawdown | -64.2% | -83.0% | |
| Fund Family | Leverage Shares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 11, 2025 | Mar 10, 1999 |
AALG vs QQQ Performance
Leverage Shares 2X Long AAL Daily ETF (AALG) is a ETF from Leverage Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AALG returned +29.93% while QQQ returned +27.63%. Year to date, AALG is down 15.46% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
AALG has been the more volatile fund, with annualized monthly volatility of 105.2% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.2% for AALG and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AALG charges 0.78% per year while QQQ charges 0.18%. On a $10,000 position that is $78 vs $18 annually, a gap of $60 per year that compounds over a long holding period. On income, AALG currently yields 1.34% against 0.41% for QQQ.
Holdings Overlap
AALG and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AALG or QQQ?
AALG has an expense ratio of 0.78% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, AALG or QQQ?
Over the past year AALG returned +29.93% vs +27.63% for QQQ, so AALG leads on 1-year performance. Over the longest common window we track (1 years), AALG annualized +15.01% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, AALG or QQQ?
AALG has been the more volatile fund at 105.2% annualized versus 30.6% for QQQ. Worst drawdown: AALG -64.2% vs QQQ -83.0%.
Should I hold both AALG and QQQ?
AALG and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AALG and QQQ?
AALG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, AALG or QQQ?
AALG yields 1.34% while QQQ yields 0.41%, so AALG currently pays the higher dividend yield.
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