CRDT vs QQQ
Simplify Opportunistic Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CRDT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $36M | $496.3B | |
| Dividend Yield | 5.95% | 0.44% | |
| Holdings | 54 | 108 | |
| YTD Return | +5.07% | +17.07% | |
| 1Y Return | +4.61% | +26.39% | |
| 3Y Return (annualized) | +4.40% | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | 5.6% | 30.6% | |
| Max Drawdown | -9.8% | -83.0% | |
| Fund Family | Simplify Exchange Traded Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 26, 2023 | Mar 10, 1999 |
CRDT vs QQQ Performance
Simplify Opportunistic Income ETF (CRDT) is a ETF from Simplify Exchange Traded Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CRDT returned +4.61% while QQQ returned +26.39%. Year to date, CRDT is up 5.07% versus a gain of 17.07% for QQQ.
Over three years, CRDT compounded at +4.40% per year against +26.08% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.05% annualized vs +4.73%. 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 5.6% for CRDT. 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 -9.8% for CRDT 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CRDT charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, CRDT currently yields 5.95% against 0.44% for QQQ.
Holdings Overlap
CRDT and QQQ share 0 holdings out of 119 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CRDT or QQQ?
CRDT has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, CRDT or QQQ?
Over the past year CRDT returned +4.61% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), CRDT annualized +4.73% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, CRDT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.6% for CRDT. Worst drawdown: CRDT -9.8% vs QQQ -83.0%.
Should I hold both CRDT and QQQ?
CRDT and QQQ have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CRDT and QQQ?
CRDT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 119 unique securities.
Which pays a higher dividend, CRDT or QQQ?
CRDT yields 5.95% while QQQ yields 0.44%, so CRDT currently pays the higher dividend yield.
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