ERNZ vs QQQ
TrueShares Active Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ERNZ offers more diversification with 144 holdings.
Side-by-Side Comparison
| Metric | ERNZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.25% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 8.71% | 0.44% | |
| Holdings | 144 | 108 | |
| YTD Return | +3.84% | +16.23% | |
| 1Y Return | -3.17% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 9.6% | 30.6% | |
| Max Drawdown | -14.2% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 30, 2024 | Mar 10, 1999 |
ERNZ vs QQQ Performance
TrueShares Active Yield ETF (ERNZ) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ERNZ returned -3.17% while QQQ returned +26.23%. Year to date, ERNZ is up 3.84% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 9.6% for ERNZ. 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 -14.2% for ERNZ 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ERNZ charges 3.25% per year while QQQ charges 0.18%. On a $10,000 position that is $325 vs $18 annually, a gap of $307 per year that compounds over a long holding period. On income, ERNZ currently yields 8.71% against 0.44% for QQQ.
Holdings Overlap
ERNZ and QQQ share 3 holdings out of 240 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ERNZ or QQQ?
ERNZ has an expense ratio of 3.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $307 per year of difference.
Which performed better, ERNZ or QQQ?
Over the past year ERNZ returned -3.17% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ERNZ annualized -0.17% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, ERNZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 9.6% for ERNZ. Worst drawdown: ERNZ -14.2% vs QQQ -83.0%.
Should I hold both ERNZ and QQQ?
ERNZ and QQQ have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERNZ and QQQ?
ERNZ and QQQ share 3 common holdings with a 1.5% weight overlap. Combined, they hold 240 unique securities.
Which pays a higher dividend, ERNZ or QQQ?
ERNZ yields 8.71% while QQQ yields 0.44%, so ERNZ currently pays the higher dividend yield.
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