EHLS vs QQQ
Even Herd Long Short ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EHLS offers more diversification with 231 holdings.
Side-by-Side Comparison
| Metric | EHLS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.62% | 0.18% | |
| AUM | $58M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 317 | 108 | |
| YTD Return | +9.39% | +19.68% | |
| 1Y Return | +16.19% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 14.6% | 30.6% | |
| Max Drawdown | -19.0% | -83.0% | |
| Fund Family | EVENHERD | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2024 | Mar 10, 1999 |
EHLS vs QQQ Performance
Even Herd Long Short ETF (EHLS) is a ETF from EVENHERD and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EHLS returned +16.19% while QQQ returned +26.75%. Year to date, EHLS is up 9.39% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.6% for EHLS. 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 -19.0% for EHLS 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EHLS charges 2.62% per year while QQQ charges 0.18%. On a $10,000 position that is $262 vs $18 annually, a gap of $244 per year that compounds over a long holding period. On income, EHLS currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
EHLS and QQQ share 10 holdings out of 324 unique holdings combined, representing a 5.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EHLS or QQQ?
EHLS has an expense ratio of 2.62% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $244 per year of difference.
Which performed better, EHLS or QQQ?
Over the past year EHLS returned +16.19% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EHLS annualized +12.86% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EHLS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.6% for EHLS. Worst drawdown: EHLS -19.0% vs QQQ -83.0%.
Should I hold both EHLS and QQQ?
EHLS and QQQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EHLS and QQQ?
EHLS and QQQ share 10 common holdings with a 5.2% weight overlap. Combined, they hold 324 unique securities.
Which pays a higher dividend, EHLS or QQQ?
EHLS yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.