EEV vs QQQ
ProShares UltraShort MSCI Emerging Markets 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 | EEV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 8.08% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | -33.63% | +17.85% | |
| 1Y Return | -49.76% | +26.45% | |
| 3Y Return (annualized) | -32.33% | +26.07% | |
| 5Y Return (annualized) | -16.21% | +15.16% | |
| Volatility (annualized) | 37.5% | 30.6% | |
| Max Drawdown | -99.9% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2007 | Mar 10, 1999 |
EEV vs QQQ Performance
ProShares UltraShort MSCI Emerging Markets (EEV) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EEV returned -49.76% while QQQ returned +26.45%. Year to date, EEV is down 33.63% versus a gain of 17.85% for QQQ.
Over three years, EEV compounded at -32.33% per year against +26.07% for QQQ; over five years the annualized figures are -16.21% and +15.16% respectively. Across the full 19-year window we track, QQQ has the edge at +13.09% annualized vs -25.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EEV has been the more volatile fund, with annualized monthly volatility of 37.5% 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 -99.9% for EEV 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 -0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EEV 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, EEV currently yields 8.08% against 0.41% for QQQ.
Holdings Overlap
EEV 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, EEV or QQQ?
EEV 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, EEV or QQQ?
Over the past year EEV returned -49.76% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), EEV annualized -25.81% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, EEV or QQQ?
EEV has been the more volatile fund at 37.5% annualized versus 30.6% for QQQ. Worst drawdown: EEV -99.9% vs QQQ -83.0%.
Should I hold both EEV and QQQ?
EEV and QQQ have a monthly-return correlation of -0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EEV and QQQ?
EEV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, EEV or QQQ?
EEV yields 8.08% while QQQ yields 0.41%, so EEV currently pays the higher dividend yield.
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