EET vs QQQ
ProShares Ultra MSCI Emerging Markets vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EET delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EET | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $33M | $455.8B | |
| Dividend Yield | 1.37% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | +30.58% | +19.68% | |
| 1Y Return | +60.93% | +26.75% | |
| 3Y Return (annualized) | +33.31% | +26.25% | |
| 5Y Return (annualized) | +4.69% | +15.39% | |
| Volatility (annualized) | 37.3% | 30.6% | |
| Max Drawdown | -71.7% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 2, 2009 | Mar 10, 1999 |
EET vs QQQ Performance
ProShares Ultra MSCI Emerging Markets (EET) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EET returned +60.93% while QQQ returned +26.75%. Year to date, EET is up 30.58% versus a gain of 19.68% for QQQ.
Over three years, EET compounded at +33.31% per year against +26.25% for QQQ; over five years the annualized figures are +4.69% and +15.39% respectively. Across the full 17-year window we track, QQQ has the edge at +13.15% annualized vs +4.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EET has been the more volatile fund, with annualized monthly volatility of 37.3% compared with 30.6% for QQQ. 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 -71.7% for EET 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EET 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, EET currently yields 1.37% against 0.41% for QQQ.
Holdings Overlap
EET 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, EET or QQQ?
EET 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, EET or QQQ?
Over the past year EET returned +60.93% vs +26.75% for QQQ, so EET leads on 1-year performance. Over the longest common window we track (17 years), EET annualized +4.23% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EET or QQQ?
EET has been the more volatile fund at 37.3% annualized versus 30.6% for QQQ. Worst drawdown: EET -71.7% vs QQQ -83.0%.
Should I hold both EET and QQQ?
EET and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EET and QQQ?
EET and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, EET or QQQ?
EET yields 1.37% while QQQ yields 0.41%, so EET currently pays the higher dividend yield.
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