ASMF vs QQQ
Virtus AlphaSimplex Managed Futures ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ASMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.18% | |
| AUM | $30M | $455.8B | |
| Dividend Yield | 0.20% | 0.41% | |
| Holdings | 40 | 108 | |
| YTD Return | +8.25% | +17.85% | |
| 1Y Return | +16.42% | +26.45% | |
| 3Y Return (annualized) | - | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 8.5% | 30.6% | |
| Max Drawdown | -15.3% | -83.0% | |
| Fund Family | Virtus Investment Partners | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 15, 2024 | Mar 10, 1999 |
ASMF vs QQQ Performance
Virtus AlphaSimplex Managed Futures ETF (ASMF) is a ETF from Virtus Investment Partners and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ASMF returned +16.42% while QQQ returned +26.45%. Year to date, ASMF is up 8.25% versus a gain of 17.85% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.5% for ASMF. 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 -15.3% for ASMF 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASMF charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, ASMF currently yields 0.20% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, ASMF or QQQ?
ASMF has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, ASMF or QQQ?
Over the past year ASMF returned +16.42% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ASMF annualized +2.75% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, ASMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.5% for ASMF. Worst drawdown: ASMF -15.3% vs QQQ -83.0%.
Should I hold both ASMF and QQQ?
ASMF and QQQ have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ASMF or QQQ?
ASMF yields 0.20% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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