ETCO vs QQQ
Grayscale Ethereum Covered Call ETF 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 | ETCO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $4M | $455.8B | |
| Dividend Yield | 160.60% | 0.41% | |
| Holdings | 3 | 108 | |
| YTD Return | -35.50% | +19.68% | |
| 1Y Return | -50.52% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -59.4% | -83.0% | |
| Fund Family | Grayscale | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 4, 2025 | Mar 10, 1999 |
ETCO vs QQQ Performance
Grayscale Ethereum Covered Call ETF (ETCO) is a ETF from Grayscale and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETCO returned -50.52% while QQQ returned +26.75%. Year to date, ETCO is down 35.50% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -59.4% for ETCO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
ETCO charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, ETCO currently yields 160.60% against 0.41% for QQQ.
Holdings Overlap
ETCO 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, ETCO or QQQ?
ETCO has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ETCO or QQQ?
Over the past year ETCO returned -50.52% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between ETCO and QQQ?
ETCO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, ETCO or QQQ?
ETCO yields 160.60% while QQQ yields 0.41%, so ETCO currently pays the higher dividend yield.
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