DMX vs QQQ
DoubleLine Multi-Sector Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DMX offers more diversification with 532 holdings.
Side-by-Side Comparison
| Metric | DMX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $102M | $496.3B | |
| Dividend Yield | 5.89% | 0.44% | |
| Holdings | 532 | 108 | |
| YTD Return | +2.46% | +16.23% | |
| 1Y Return | +5.28% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 1.7% | 30.6% | |
| Max Drawdown | -2.6% | -83.0% | |
| Fund Family | DoubleLine Funds | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 29, 2024 | Mar 10, 1999 |
DMX vs QQQ Performance
DoubleLine Multi-Sector Income ETF (DMX) is a ETF from DoubleLine Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DMX returned +5.28% while QQQ returned +26.23%. Year to date, DMX is up 2.46% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.7% for DMX. 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 -2.6% for DMX 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMX charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, DMX currently yields 5.89% against 0.44% for QQQ.
Holdings Overlap
DMX and QQQ share 0 holdings out of 354 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, DMX or QQQ?
DMX has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, DMX or QQQ?
Over the past year DMX returned +5.28% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), DMX annualized +5.63% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, DMX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.7% for DMX. Worst drawdown: DMX -2.6% vs QQQ -83.0%.
Should I hold both DMX and QQQ?
DMX and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMX and QQQ?
DMX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 354 unique securities.
Which pays a higher dividend, DMX or QQQ?
DMX yields 5.89% while QQQ yields 0.44%, so DMX currently pays the higher dividend yield.
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