AUMI vs QQQ
Themes Gold Miners ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. AUMI delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AUMI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $24M | $496.3B | |
| Dividend Yield | 1.03% | 0.44% | |
| Holdings | 36 | 108 | |
| YTD Return | +18.53% | +16.64% | |
| 1Y Return | +79.08% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 44.5% | 30.6% | |
| Max Drawdown | -39.8% | -83.0% | |
| Fund Family | Themes ETFs | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Dec 13, 2023 | Mar 10, 1999 |
AUMI vs QQQ Performance
Themes Gold Miners ETF (AUMI) is a ETF from Themes ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AUMI returned +79.08% while QQQ returned +27.27%. Year to date, AUMI is up 18.53% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
AUMI has been the more volatile fund, with annualized monthly volatility of 44.5% 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 -39.8% for AUMI 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AUMI charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, AUMI currently yields 1.03% against 0.44% for QQQ.
Holdings Overlap
AUMI and QQQ share 0 holdings out of 134 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, AUMI or QQQ?
AUMI has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AUMI or QQQ?
Over the past year AUMI returned +79.08% vs +27.27% for QQQ, so AUMI leads on 1-year performance. Over the longest common window we track (3 years), AUMI annualized +71.81% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AUMI or QQQ?
AUMI has been the more volatile fund at 44.5% annualized versus 30.6% for QQQ. Worst drawdown: AUMI -39.8% vs QQQ -83.0%.
Should I hold both AUMI and QQQ?
AUMI and QQQ have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AUMI and QQQ?
AUMI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, AUMI or QQQ?
AUMI yields 1.03% while QQQ yields 0.44%, so AUMI currently pays the higher dividend yield.
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