DFP vs QQQ
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. DFP offers more diversification with 245 holdings.
Side-by-Side Comparison
| Metric | DFP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | $459M | $496.3B | |
| Dividend Yield | 6.92% | 0.44% | |
| Holdings | 245 | 108 | |
| YTD Return | +4.45% | +17.07% | |
| 1Y Return | +7.97% | +26.39% | |
| 3Y Return (annualized) | +13.86% | +26.08% | |
| 5Y Return (annualized) | +0.50% | +15.18% | |
| Volatility (annualized) | 20.8% | 30.6% | |
| Max Drawdown | -66.8% | -83.0% | |
| Fund Family | Flaherty & Crumrine | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 24, 2013 | Mar 10, 1999 |
DFP vs QQQ Performance
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a ETF from Flaherty & Crumrine and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DFP returned +7.97% while QQQ returned +26.39%. Year to date, DFP is up 4.45% versus a gain of 17.07% for QQQ.
Over three years, DFP compounded at +13.86% per year against +26.08% for QQQ; over five years the annualized figures are +0.50% and +15.18% respectively. Across the full 19-year window we track, QQQ has the edge at +13.05% annualized vs +1.31%. 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 20.8% for DFP. 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 -66.8% for DFP 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DFP and QQQ share 1 holdings out of 286 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFP | Weight in QQQ | Difference |
|---|---|---|---|
| XEL | 0.40% | 0.21% | 0.19% |
Frequently Asked Questions
Which performed better, DFP or QQQ?
Over the past year DFP returned +7.97% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), DFP annualized +1.31% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, DFP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.8% for DFP. Worst drawdown: DFP -66.8% vs QQQ -83.0%.
Should I hold both DFP and QQQ?
DFP and QQQ have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFP and QQQ?
DFP and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 286 unique securities.
Which pays a higher dividend, DFP or QQQ?
DFP yields 6.92% while QQQ yields 0.44%, so DFP currently pays the higher dividend yield.
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