CSPF vs QQQ
Cohen & Steers Preferred and Income Opportunities Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CSPF offers more diversification with 131 holdings.
Side-by-Side Comparison
| Metric | CSPF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $297M | $455.8B | |
| Dividend Yield | 5.71% | 0.41% | |
| Holdings | 266 | 108 | |
| YTD Return | +3.27% | +19.68% | |
| 1Y Return | +6.41% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 3.3% | 30.6% | |
| Max Drawdown | -3.1% | -83.0% | |
| Fund Family | Cohen & Steers Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 3, 2025 | Mar 10, 1999 |
CSPF vs QQQ Performance
Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) is a ETF from Cohen & Steers Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CSPF returned +6.41% while QQQ returned +26.75%. Year to date, CSPF is up 3.27% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.3% for CSPF. 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 -3.1% for CSPF 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSPF charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, CSPF currently yields 5.71% against 0.41% for QQQ.
Holdings Overlap
CSPF and QQQ share 0 holdings out of 234 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, CSPF or QQQ?
CSPF has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, CSPF or QQQ?
Over the past year CSPF returned +6.41% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CSPF annualized +7.72% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CSPF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.3% for CSPF. Worst drawdown: CSPF -3.1% vs QQQ -83.0%.
Should I hold both CSPF and QQQ?
CSPF and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSPF and QQQ?
CSPF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 234 unique securities.
Which pays a higher dividend, CSPF or QQQ?
CSPF yields 5.71% while QQQ yields 0.41%, so CSPF currently pays the higher dividend yield.
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