DMA vs QQQ
Destra Multi-Alternative Fund 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 | DMA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.69% | 0.18% | |
| AUM | $80M | $455.8B | |
| Dividend Yield | 13.39% | 0.41% | |
| Holdings | 181 | 108 | |
| YTD Return | -5.96% | +18.31% | |
| 1Y Return | +2.78% | +25.37% | |
| 3Y Return (annualized) | +23.75% | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 21.4% | 30.6% | |
| Max Drawdown | -38.9% | -83.0% | |
| Fund Family | Destra Capital Investment LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 13, 2022 | Mar 10, 1999 |
DMA vs QQQ Performance
Destra Multi-Alternative Fund (DMA) is a ETF from Destra Capital Investment LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DMA returned +2.78% while QQQ returned +25.37%. Year to date, DMA is down 5.96% versus a gain of 18.31% for QQQ.
Over three years, DMA compounded at +23.75% per year against +25.79% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.10% annualized vs +5.15%. 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 21.4% for DMA. 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 -38.9% for DMA 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMA charges 3.69% per year while QQQ charges 0.18%. On a $10,000 position that is $369 vs $18 annually, a gap of $351 per year that compounds over a long holding period. On income, DMA currently yields 13.39% against 0.41% for QQQ.
Holdings Overlap
DMA and QQQ share 9 holdings out of 157 unique holdings combined, representing a 3.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMA or QQQ?
DMA has an expense ratio of 3.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $351 per year of difference.
Which performed better, DMA or QQQ?
Over the past year DMA returned +2.78% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), DMA annualized +5.15% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, DMA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.4% for DMA. Worst drawdown: DMA -38.9% vs QQQ -83.0%.
Should I hold both DMA and QQQ?
DMA and QQQ have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMA and QQQ?
DMA and QQQ share 9 common holdings with a 3.1% weight overlap. Combined, they hold 157 unique securities.
Which pays a higher dividend, DMA or QQQ?
DMA yields 13.39% while QQQ yields 0.41%, so DMA currently pays the higher dividend yield.
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