CLIX vs QQQ
ProShares Long Online/Short Stores ETF vs Invesco QQQ Trust, Series 1
Which is better, CLIX or QQQ?
Long-Short Strategy against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | CLIX | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $6M | $498.6B |
| Dividend Yield | 0.53% | 0.42% |
| Holdings | 30 | 321 |
| YTD Return | -6.59% | +22.67%Best |
| 1Y Return | -8.17% | +24.33%Best |
| 3Y Return (annualized) | +18.10% | +29.05%Best |
| 5Y Return (annualized) | -3.06% | +17.00%Best |
| Volatility (annualized) | 24.4% | 19.9%Best |
| Max Drawdown | -73.2% | -35.1%Best |
| $10,000 over 5 years | $8,561 | $21,924Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Growth |
| Inception | Nov 14, 2017 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2017 to Oct 2, 2026 (8.9 years).
CLIX 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 8.9 years both funds cover.
CLIX vs QQQ Performance
ProShares Long Online/Short Stores ETF (CLIX) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CLIX returned -8.17% while QQQ returned +24.33%. Year to date, CLIX is down 6.59% versus a gain of 22.67% for QQQ.
Over three years, CLIX compounded at +18.10% per year against +29.05% for QQQ; over five years the annualized figures are -3.06% and +17.00% respectively. Across the full 9-year window we track, QQQ has the edge at +19.92% annualized vs +4.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CLIX has been the more volatile fund, with annualized monthly volatility of 24.4% compared with 19.9% 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 -73.2% for CLIX and -35.1% 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CLIX charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, CLIX currently yields 0.53% against 0.42% for QQQ.
Holdings Overlap
At least 5.1% of QQQ's money is in holdings CLIX also owns.
Stated as a floor: for CLIX, our book for it covers 84.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and CLIX share little of their money.
3 positions in common, counted across the 22 positions we hold weights for in CLIX and 102 in QQQ, against full books of 30 and 321.
You are not choosing between two funds in isolation.
Whichever of CLIX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CLIX or QQQ?
CLIX has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, CLIX or QQQ?
Over the past year CLIX returned -8.17% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), CLIX annualized +4.02% vs +19.92% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLIX or QQQ?
CLIX has been the more volatile fund at 24.4% annualized versus 19.9% for QQQ. Worst drawdown: CLIX -73.2% vs QQQ -35.1%.
Should I hold both CLIX and QQQ?
CLIX and QQQ have a monthly-return correlation of 0.61, 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 CLIX and QQQ?
At least 5.1% of QQQ's money is in holdings CLIX also owns. Our book for CLIX is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 22 positions we hold weights for in CLIX and 102 in QQQ.
Which pays a higher dividend, CLIX or QQQ?
CLIX yields 0.53% while QQQ yields 0.42%, so CLIX currently pays the higher dividend yield.
Is QQQ better than CLIX?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.