DECZ vs QQQ
TrueShares Structured Outcome (December) 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 | DECZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $36M | $455.8B | |
| Dividend Yield | 3.05% | 0.41% | |
| Holdings | 15 | 108 | |
| YTD Return | +10.90% | +19.68% | |
| 1Y Return | +12.43% | +26.75% | |
| 3Y Return (annualized) | +14.59% | +26.25% | |
| 5Y Return (annualized) | +10.14% | +15.39% | |
| Volatility (annualized) | 11.4% | 30.6% | |
| Max Drawdown | -16.6% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 30, 2020 | Mar 10, 1999 |
DECZ vs QQQ Performance
TrueShares Structured Outcome (December) ETF (DECZ) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DECZ returned +12.43% while QQQ returned +26.75%. Year to date, DECZ is up 10.90% versus a gain of 19.68% for QQQ.
Over three years, DECZ compounded at +14.59% per year against +26.25% for QQQ; over five years the annualized figures are +10.14% and +15.39% respectively. Across the full 6-year window we track, QQQ has the edge at +13.15% annualized vs +11.79%. 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 11.4% for DECZ. 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 -16.6% for DECZ 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DECZ charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, DECZ currently yields 3.05% against 0.41% for QQQ.
Holdings Overlap
DECZ and QQQ share 0 holdings out of 104 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, DECZ or QQQ?
DECZ has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, DECZ or QQQ?
Over the past year DECZ returned +12.43% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), DECZ annualized +11.79% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, DECZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.4% for DECZ. Worst drawdown: DECZ -16.6% vs QQQ -83.0%.
Should I hold both DECZ and QQQ?
DECZ and QQQ have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DECZ and QQQ?
DECZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, DECZ or QQQ?
DECZ yields 3.05% while QQQ yields 0.41%, so DECZ currently pays the higher dividend yield.
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