EFO vs QQQ
ProShares Ultra MSCI EAFE vs Invesco QQQ Trust, Series 1
Which is better, EFO or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. EFO led over 1Y and 3Y, QQQ over 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFO | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $28M | $483.5B |
| Dividend Yield | 1.57% | 0.44% |
| Holdings | 7 | 107 |
| YTD Return | +13.95% | +17.95%Best |
| 1Y Return | +24.57%Best | +21.77% |
| 3Y Return (annualized) | +25.70%Best | +25.63% |
| 5Y Return (annualized) | +8.74% | +15.24%Best |
| Volatility (annualized) | 32.1% | 17.6%Best |
| Max Drawdown | -63.7% | -35.1%Best |
| $10,000 over 5 years | $15,204 | $20,324Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Jun 4, 2009 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2009 to Sep 18, 2026 (17.3 years).
EFO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.3 years both funds cover.
EFO vs QQQ Performance
ProShares Ultra MSCI EAFE (EFO) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EFO returned +24.57% while QQQ returned +21.77%. Year to date, EFO is up 13.95% versus a gain of 17.95% for QQQ.
Over three years, EFO compounded at +25.70% per year against +25.63% for QQQ; over five years the annualized figures are +8.74% and +15.24% respectively. Across the full 17-year window we track, QQQ has the edge at +19.02% annualized vs +8.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFO has been the more volatile fund, with annualized monthly volatility of 32.1% compared with 17.6% 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 -63.7% for EFO and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EFO 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, EFO currently yields 1.57% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in EFO and 102 in QQQ, totalling 45.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EFO and 102 in QQQ, against full books of 7 and 107.
You are not choosing between two funds in isolation.
Whichever of EFO and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFO or QQQ?
EFO has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, EFO or QQQ?
Over the past year EFO returned +24.57% vs +21.77% for QQQ, so EFO leads on 1-year performance. Over the longest common window we track (17 years), EFO annualized +8.51% vs +19.02% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFO or QQQ?
EFO has been the more volatile fund at 32.1% annualized versus 17.6% for QQQ. Worst drawdown: EFO -63.7% vs QQQ -35.1%.
Should I hold both EFO and QQQ?
EFO and QQQ have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EFO or QQQ?
EFO yields 1.57% while QQQ yields 0.44%, so EFO currently pays the higher dividend yield.
Is QQQ better than EFO?
QQQ has a lower expense ratio. EFO led over 1Y and 3Y, QQQ over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.