EETH vs QQQ
ProShares Ether ETF 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 | EETH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $56M | $455.8B | |
| Dividend Yield | 102.16% | 0.41% | |
| Holdings | 3 | 108 | |
| YTD Return | -40.07% | +18.20% | |
| 1Y Return | -52.75% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 73.5% | 30.6% | |
| Max Drawdown | -69.2% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Mar 10, 1999 |
EETH vs QQQ Performance
ProShares Ether ETF (EETH) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EETH returned -52.75% while QQQ returned +27.63%. Year to date, EETH is down 40.07% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
EETH has been the more volatile fund, with annualized monthly volatility of 73.5% 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 -69.2% for EETH 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EETH 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, EETH currently yields 102.16% against 0.41% for QQQ.
Holdings Overlap
EETH 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, EETH or QQQ?
EETH 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, EETH or QQQ?
Over the past year EETH returned -52.75% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), EETH annualized -2.84% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, EETH or QQQ?
EETH has been the more volatile fund at 73.5% annualized versus 30.6% for QQQ. Worst drawdown: EETH -69.2% vs QQQ -83.0%.
Should I hold both EETH and QQQ?
EETH and QQQ have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EETH and QQQ?
EETH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, EETH or QQQ?
EETH yields 102.16% while QQQ yields 0.41%, so EETH currently pays the higher dividend yield.
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