BLES vs QQQ
Inspire Global Hope ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. BLES offers more diversification with 399 holdings.
Side-by-Side Comparison
| Metric | BLES | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $159M | $455.8B | |
| Dividend Yield | 1.84% | 0.41% | |
| Holdings | 817 | 108 | |
| YTD Return | +15.36% | +17.85% | |
| 1Y Return | +24.07% | +26.45% | |
| 3Y Return (annualized) | +15.97% | +26.07% | |
| 5Y Return (annualized) | +8.33% | +15.16% | |
| Volatility (annualized) | 17.5% | 30.6% | |
| Max Drawdown | -40.4% | -83.0% | |
| Fund Family | Inspire ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 27, 2017 | Mar 10, 1999 |
BLES vs QQQ Performance
Inspire Global Hope ETF (BLES) is a ETF from Inspire ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BLES returned +24.07% while QQQ returned +26.45%. Year to date, BLES is up 15.36% versus a gain of 17.85% for QQQ.
Over three years, BLES compounded at +15.97% per year against +26.07% for QQQ; over five years the annualized figures are +8.33% and +15.16% respectively. Across the full 9-year window we track, QQQ has the edge at +13.09% annualized vs +9.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.5% for BLES. 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 -40.4% for BLES 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLES charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, BLES currently yields 1.84% against 0.41% for QQQ.
Holdings Overlap
BLES and QQQ share 24 holdings out of 478 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BLES or QQQ?
BLES has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, BLES or QQQ?
Over the past year BLES returned +24.07% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), BLES annualized +9.51% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, BLES or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.5% for BLES. Worst drawdown: BLES -40.4% vs QQQ -83.0%.
Should I hold both BLES and QQQ?
BLES and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BLES and QQQ?
BLES and QQQ share 24 common holdings with a 5.5% weight overlap. Combined, they hold 478 unique securities.
Which pays a higher dividend, BLES or QQQ?
BLES yields 1.84% while QQQ yields 0.41%, so BLES currently pays the higher dividend yield.
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