BFRZ vs QQQ
Innovator Equity Managed 100 Buffer ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. BFRZ offers more diversification with 191 holdings.
Side-by-Side Comparison
| Metric | BFRZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.18% | |
| AUM | $142M | $496.3B | |
| Dividend Yield | 0.27% | 0.44% | |
| Holdings | 191 | 108 | |
| YTD Return | +0.86% | +16.64% | |
| 1Y Return | +5.13% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 4.2% | 30.6% | |
| Max Drawdown | -3.1% | -83.0% | |
| Fund Family | Innovator ETFs Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 13, 2025 | Mar 10, 1999 |
BFRZ vs QQQ Performance
Innovator Equity Managed 100 Buffer ETF (BFRZ) is a ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BFRZ returned +5.13% while QQQ returned +27.27%. Year to date, BFRZ is up 0.86% 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 4.2% for BFRZ. 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 -3.1% for BFRZ 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BFRZ charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, BFRZ currently yields 0.27% against 0.44% for QQQ.
Holdings Overlap
BFRZ and QQQ share 43 holdings out of 239 unique holdings combined, representing a 51.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, BFRZ or QQQ?
BFRZ has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, BFRZ or QQQ?
Over the past year BFRZ returned +5.13% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +6.49% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BFRZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.2% for BFRZ. Worst drawdown: BFRZ -3.1% vs QQQ -83.0%.
Should I hold both BFRZ and QQQ?
BFRZ and QQQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BFRZ and QQQ?
BFRZ and QQQ share 43 common holdings with a 51.5% weight overlap. Combined, they hold 239 unique securities.
Which pays a higher dividend, BFRZ or QQQ?
BFRZ yields 0.27% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.