CANQ vs QQQ
Calamos Nasdaq Equity & Income ETF vs Invesco QQQ Trust, Series 1
Which is better, CANQ or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CANQ | QQQ |
|---|---|---|
| Expense Ratio | 0.94% | 0.18%Best |
| AUM | $21M | $498.6B |
| Dividend Yield | 4.53% | 0.42% |
| Holdings | 30 | 321 |
| YTD Return | +3.51% | +22.09%Best |
| 1Y Return | +3.44% | +24.51%Best |
| 3Y Return (annualized) | - | +27.61% |
| 5Y Return (annualized) | - | +16.57% |
| Volatility (annualized) | 11.0%Best | 17.8% |
| Max Drawdown | -12.8%Best | -22.8% |
| $10,000 over 2.2 years | $13,205 | $17,400Best |
| Fund Family | Calamos Investments | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Feb 13, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 5, 2024 to Oct 12, 2026 (2.2 years).
CANQ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CANQ vs QQQ Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CANQ returned +3.44% while QQQ returned +24.51%. Year to date, CANQ is up 3.51% versus a gain of 22.09% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 11.0% for CANQ. 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 -12.8% for CANQ and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CANQ charges 0.94% per year while QQQ charges 0.18%. On a $10,000 position that is $94 vs $18 annually, a gap of $76 per year that compounds over a long holding period. On income, CANQ currently yields 4.53% against 0.42% for QQQ.
Holdings Overlap
At least 47.5% of QQQ's money is in holdings CANQ also owns.
Stated as a floor: for CANQ, our book for it covers 94.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
13 positions in common, counted across the 22 positions we hold weights for in CANQ and 102 in QQQ, against full books of 30 and 321.
Top Shared Holdings
| Stock | Weight in CANQ | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.93% | 7.80% | 4.87% |
| NVDANvidia Corp | 0.31% | 8.45% | 8.14% |
| MSFTMicrosoft Corp | 1.18% | 5.88% | 4.70% |
| AMDAdvanced Micro Devices Inc | 2.12% | 3.71% | 1.59% |
| AMZNAmazon.Com Inc | 0.73% | 4.41% | 3.68% |
| GOOGAlphabet Inc. C | 0.65% | 2.93% | 2.28% |
| METAMeta Platforms Inc | 0.32% | 3.07% | 2.75% |
| TSLATesla Inc | 0.11% | 2.92% | 2.81% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 1.95% | 1.24% |
| WMTWalmart, Inc. | 0.05% | 2.31% | 2.26% |
47.5% of QQQ is already inside CANQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CANQ or QQQ?
CANQ has an expense ratio of 0.94% while QQQ charges 0.18%. QQQ is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, CANQ or QQQ?
Over the past year CANQ returned +3.44% vs +24.51% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +13.47% vs +28.63% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANQ or QQQ?
QQQ has been the more volatile fund at 17.8% annualized versus 11.0% for CANQ. Worst drawdown: CANQ -12.8% vs QQQ -22.8%.
Should I hold both CANQ and QQQ?
CANQ and QQQ have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CANQ and QQQ?
At least 47.5% of QQQ's money is in holdings CANQ also owns. Our book for CANQ is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 22 positions we hold weights for in CANQ and 102 in QQQ.
Which pays a higher dividend, CANQ or QQQ?
CANQ yields 4.53% while QQQ yields 0.42%, so CANQ currently pays the higher dividend yield.
Is QQQ better than CANQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.