CONY vs QQQ
YieldMax COIN Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Which is better, CONY or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y 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 | CONY | QQQ |
|---|---|---|
| Expense Ratio | 1.04% | 0.18%Best |
| AUM | $349M | $483.5B |
| Dividend Yield | 129.07% | 0.44% |
| Holdings | 24 | 107 |
| YTD Return | -18.67% | +20.94%Best |
| 1Y Return | -40.89% | +23.67%Best |
| 3Y Return (annualized) | +11.84% | +27.71%Best |
| 5Y Return (annualized) | - | +16.30% |
| Volatility (annualized) | 61.4% | 17.5%Best |
| Max Drawdown | -63.6% | -22.8%Best |
| $10,000 over 3.1 years | $13,882 | $20,416Best |
| Fund Family | YieldMax ETF | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Aug 14, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 15, 2023 to Sep 30, 2026 (3.1 years).
CONY 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 3.1 years both funds cover.
CONY vs QQQ Performance
YieldMax COIN Option Income Strategy ETF (CONY) is an ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CONY returned -40.89% while QQQ returned +23.67%. Year to date, CONY is down 18.67% versus a gain of 20.94% for QQQ.
Over three years, CONY compounded at +11.84% per year against +27.71% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 61.4% compared with 17.5% 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 -63.6% for CONY 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CONY charges 1.04% per year while QQQ charges 0.18%. On a $10,000 position that is $104 vs $18 annually, a gap of $86 per year that compounds over a long holding period. On income, CONY currently yields 129.07% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 2 holdings in CONY and 102 in QQQ, totalling 25.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in CONY and 102 in QQQ, against full books of 24 and 107.
You are not choosing between two funds in isolation.
Whichever of CONY 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, CONY or QQQ?
CONY has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, CONY or QQQ?
Over the past year CONY returned -40.89% vs +23.67% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONY or QQQ?
CONY has been the more volatile fund at 61.4% annualized versus 17.5% for QQQ. Worst drawdown: CONY -63.6% vs QQQ -22.8%.
Should I hold both CONY and QQQ?
CONY and QQQ have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CONY or QQQ?
CONY yields 129.07% while QQQ yields 0.44%, so CONY currently pays the higher dividend yield.
Is QQQ better than CONY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.