DNP vs QQQ
DNP Select Income Fund Inc. vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DNP offers more diversification with 131 holdings.
Side-by-Side Comparison
| Metric | DNP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.77% | 0.18% | |
| AUM | $3.7B | $496.3B | |
| Dividend Yield | 8.00% | 0.44% | |
| Holdings | 131 | 108 | |
| YTD Return | +15.31% | +19.52% | |
| 1Y Return | +20.18% | +26.68% | |
| 3Y Return (annualized) | +11.66% | +26.64% | |
| 5Y Return (annualized) | +8.36% | +15.36% | |
| Volatility (annualized) | 14.7% | 30.6% | |
| Max Drawdown | -54.8% | -83.0% | |
| Fund Family | Duff & Phelps Investment Management Co. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 21, 1987 | Mar 10, 1999 |
DNP vs QQQ Performance
DNP Select Income Fund Inc. (DNP) is a ETF from Duff & Phelps Investment Management Co. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DNP returned +20.18% while QQQ returned +26.68%. Year to date, DNP is up 15.31% versus a gain of 19.52% for QQQ.
Over three years, DNP compounded at +11.66% per year against +26.64% for QQQ; over five years the annualized figures are +8.36% and +15.36% respectively. Across the full 27-year window we track, QQQ has the edge at +13.14% annualized vs +2.05%. 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 14.7% for DNP. 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 -54.8% for DNP 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DNP charges 1.77% per year while QQQ charges 0.18%. On a $10,000 position that is $177 vs $18 annually, a gap of $159 per year that compounds over a long holding period. On income, DNP currently yields 8.00% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, DNP or QQQ?
DNP has an expense ratio of 1.77% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $159 per year of difference.
Which performed better, DNP or QQQ?
Over the past year DNP returned +20.18% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), DNP annualized +2.05% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, DNP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.7% for DNP. Worst drawdown: DNP -54.8% vs QQQ -83.0%.
Should I hold both DNP and QQQ?
DNP and QQQ have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DNP and QQQ?
DNP and QQQ share 2 common holdings with a 0.5% weight overlap. Combined, they hold 222 unique securities.
Which pays a higher dividend, DNP or QQQ?
DNP yields 8.00% while QQQ yields 0.44%, so DNP currently pays the higher dividend yield.
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