ESUM vs QQQ
Eventide US Market ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ESUM offers more diversification with 198 holdings.
Side-by-Side Comparison
| Metric | ESUM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $197M | $496.3B | |
| Dividend Yield | 0.97% | 0.44% | |
| Holdings | 198 | 108 | |
| YTD Return | +17.58% | +19.52% | |
| 1Y Return | +20.86% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 12.1% | 30.6% | |
| Max Drawdown | -17.7% | -83.0% | |
| Fund Family | Eventide | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2024 | Mar 10, 1999 |
ESUM vs QQQ Performance
Eventide US Market ETF (ESUM) is a ETF from Eventide and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ESUM returned +20.86% while QQQ returned +26.68%. Year to date, ESUM is up 17.58% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.1% for ESUM. 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 -17.7% for ESUM 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ESUM charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, ESUM currently yields 0.97% against 0.44% for QQQ.
Holdings Overlap
ESUM and QQQ share 39 holdings out of 267 unique holdings combined, representing a 28.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ESUM or QQQ?
ESUM has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, ESUM or QQQ?
Over the past year ESUM returned +20.86% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ESUM annualized +18.36% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, ESUM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.1% for ESUM. Worst drawdown: ESUM -17.7% vs QQQ -83.0%.
Should I hold both ESUM and QQQ?
ESUM and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ESUM and QQQ?
ESUM and QQQ share 39 common holdings with a 28.3% weight overlap. Combined, they hold 267 unique securities.
Which pays a higher dividend, ESUM or QQQ?
ESUM yields 0.97% while QQQ yields 0.44%, so ESUM currently pays the higher dividend yield.
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