AVS vs QQQ
Direxion Daily AVGO Bear 1X 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 108 holdings.
Side-by-Side Comparison
| Metric | AVS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.18% | |
| AUM | $8M | $496.3B | |
| Dividend Yield | 3.58% | 0.44% | |
| Holdings | 8 | 108 | |
| YTD Return | -13.75% | +16.23% | |
| 1Y Return | -32.77% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 47.1% | 30.6% | |
| Max Drawdown | -76.6% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 10, 2024 | Mar 10, 1999 |
AVS vs QQQ Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AVS returned -32.77% while QQQ returned +26.23%. Year to date, AVS is down 13.75% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 47.1% 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 -76.6% for AVS 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 -0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVS charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, AVS currently yields 3.58% against 0.44% for QQQ.
Holdings Overlap
AVS and QQQ share 0 holdings out of 106 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, AVS or QQQ?
AVS has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, AVS or QQQ?
Over the past year AVS returned -32.77% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -43.93% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, AVS or QQQ?
AVS has been the more volatile fund at 47.1% annualized versus 30.6% for QQQ. Worst drawdown: AVS -76.6% vs QQQ -83.0%.
Should I hold both AVS and QQQ?
AVS and QQQ have a monthly-return correlation of -0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVS and QQQ?
AVS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, AVS or QQQ?
AVS yields 3.58% while QQQ yields 0.44%, so AVS currently pays the higher dividend yield.
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