DXD vs QQQ
ProShares UltraShort Dow30 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 | DXD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $42M | $455.8B | |
| Dividend Yield | 4.01% | 0.41% | |
| Holdings | 10 | 108 | |
| YTD Return | -18.17% | +18.31% | |
| 1Y Return | -29.56% | +25.37% | |
| 3Y Return (annualized) | -22.14% | +25.79% | |
| 5Y Return (annualized) | -15.88% | +15.20% | |
| Volatility (annualized) | 27.6% | 30.6% | |
| Max Drawdown | -99.8% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 11, 2006 | Mar 10, 1999 |
DXD vs QQQ Performance
ProShares UltraShort Dow30 (DXD) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DXD returned -29.56% while QQQ returned +25.37%. Year to date, DXD is down 18.17% versus a gain of 18.31% for QQQ.
Over three years, DXD compounded at -22.14% per year against +25.79% for QQQ; over five years the annualized figures are -15.88% and +15.20% respectively. Across the full 20-year window we track, QQQ has the edge at +13.10% annualized vs -24.95%. 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 27.6% for DXD. 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 -99.8% for DXD 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 -0.76. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DXD charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, DXD currently yields 4.01% against 0.41% for QQQ.
Holdings Overlap
DXD and QQQ share 0 holdings out of 104 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, DXD or QQQ?
DXD has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, DXD or QQQ?
Over the past year DXD returned -29.56% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), DXD annualized -24.95% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, DXD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.6% for DXD. Worst drawdown: DXD -99.8% vs QQQ -83.0%.
Should I hold both DXD and QQQ?
DXD and QQQ have a monthly-return correlation of -0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DXD and QQQ?
DXD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, DXD or QQQ?
DXD yields 4.01% while QQQ yields 0.41%, so DXD currently pays the higher dividend yield.
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