ASGM vs QQQ
Virtus AlphaSimplex Global Macro ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. ASGM delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | ASGM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.18% | |
| AUM | $9M | $496.3B | |
| Dividend Yield | 3.87% | 0.44% | |
| Holdings | 17 | 108 | |
| YTD Return | +21.12% | +16.64% | |
| 1Y Return | +33.44% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 13.3% | 30.6% | |
| Max Drawdown | -7.4% | -83.0% | |
| Fund Family | Virtus Investment Partners | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 4, 2025 | Mar 10, 1999 |
ASGM vs QQQ Performance
Virtus AlphaSimplex Global Macro ETF (ASGM) is a ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ASGM returned +33.44% while QQQ returned +27.27%. Year to date, ASGM is up 21.12% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.3% for ASGM. 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 -7.4% for ASGM 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASGM charges 0.86% per year while QQQ charges 0.18%. On a $10,000 position that is $86 vs $18 annually, a gap of $68 per year that compounds over a long holding period. On income, ASGM currently yields 3.87% against 0.44% for QQQ.
Holdings Overlap
ASGM 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, ASGM or QQQ?
ASGM has an expense ratio of 0.86% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, ASGM or QQQ?
Over the past year ASGM returned +33.44% vs +27.27% for QQQ, so ASGM leads on 1-year performance. Over the longest common window we track (1 years), ASGM annualized +34.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ASGM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.3% for ASGM. Worst drawdown: ASGM -7.4% vs QQQ -83.0%.
Should I hold both ASGM and QQQ?
ASGM and QQQ have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASGM and QQQ?
ASGM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, ASGM or QQQ?
ASGM yields 3.87% while QQQ yields 0.44%, so ASGM currently pays the higher dividend yield.
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