CSD vs QQQ
Invesco S&P Spin-Off ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CSD delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CSD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $229M | $455.8B | |
| Dividend Yield | 0.11% | 0.41% | |
| Holdings | 27 | 108 | |
| YTD Return | +30.23% | +17.85% | |
| 1Y Return | +56.10% | +26.45% | |
| 3Y Return (annualized) | +31.56% | +26.07% | |
| 5Y Return (annualized) | +15.97% | +15.16% | |
| Volatility (annualized) | 22.4% | 30.6% | |
| Max Drawdown | -70.5% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2006 | Mar 10, 1999 |
CSD vs QQQ Performance
Invesco S&P Spin-Off ETF (CSD) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CSD returned +56.10% while QQQ returned +26.45%. Year to date, CSD is up 30.23% versus a gain of 17.85% for QQQ.
Over three years, CSD compounded at +31.56% per year against +26.07% for QQQ; over five years the annualized figures are +15.97% and +15.16% respectively. Across the full 20-year window we track, QQQ has the edge at +13.09% annualized vs +9.93%. 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 22.4% for CSD. 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 -70.5% for CSD 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CSD 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, CSD currently yields 0.11% against 0.41% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, CSD or QQQ?
CSD has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, CSD or QQQ?
Over the past year CSD returned +56.10% vs +26.45% for QQQ, so CSD leads on 1-year performance. Over the longest common window we track (20 years), CSD annualized +9.93% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, CSD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.4% for CSD. Worst drawdown: CSD -70.5% vs QQQ -83.0%.
Should I hold both CSD and QQQ?
CSD and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSD and QQQ?
CSD and QQQ share 2 common holdings with a 1.2% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, CSD or QQQ?
CSD yields 0.11% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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