DIPS vs QQQ
YieldMax Short NVDA Option Income Strategy 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 103 holdings.
Side-by-Side Comparison
| Metric | DIPS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.18% | |
| AUM | $8M | $455.8B | |
| Dividend Yield | 62.08% | 0.41% | |
| Holdings | 13 | 108 | |
| YTD Return | -13.90% | +18.20% | |
| 1Y Return | -14.87% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 26.4% | 30.6% | |
| Max Drawdown | -59.9% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 23, 2024 | Mar 10, 1999 |
DIPS vs QQQ Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DIPS returned -14.87% while QQQ returned +27.63%. Year to date, DIPS is down 13.90% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 26.4% for DIPS. 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 -59.9% for DIPS 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 -0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIPS charges 1.05% per year while QQQ charges 0.18%. On a $10,000 position that is $105 vs $18 annually, a gap of $87 per year that compounds over a long holding period. On income, DIPS currently yields 62.08% against 0.41% for QQQ.
Holdings Overlap
DIPS and QQQ share 0 holdings out of 106 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, DIPS or QQQ?
DIPS has an expense ratio of 1.05% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, DIPS or QQQ?
Over the past year DIPS returned -14.87% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -32.38% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, DIPS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.4% for DIPS. Worst drawdown: DIPS -59.9% vs QQQ -83.0%.
Should I hold both DIPS and QQQ?
DIPS and QQQ have a monthly-return correlation of -0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIPS and QQQ?
DIPS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, DIPS or QQQ?
DIPS yields 62.08% while QQQ yields 0.41%, so DIPS currently pays the higher dividend yield.
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