ETHU vs QQQ
2x Ether 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 | ETHU | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.67% | 0.18% | |
| AUM | $782M | $455.8B | |
| Dividend Yield | 6.74% | 0.41% | |
| Holdings | 2 | 108 | |
| YTD Return | -73.91% | +17.46% | |
| 1Y Return | -89.50% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 150.2% | 30.6% | |
| Max Drawdown | -96.5% | -83.0% | |
| Fund Family | Volatility Shares, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 4, 2024 | Mar 10, 1999 |
ETHU vs QQQ Performance
2x Ether ETF (ETHU) is a ETF from Volatility Shares, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETHU returned -89.50% while QQQ returned +26.02%. Year to date, ETHU is down 73.91% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
ETHU has been the more volatile fund, with annualized monthly volatility of 150.2% compared with 30.6% 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 -96.5% for ETHU 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETHU charges 2.67% per year while QQQ charges 0.18%. On a $10,000 position that is $267 vs $18 annually, a gap of $249 per year that compounds over a long holding period. On income, ETHU currently yields 6.74% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, ETHU or QQQ?
ETHU has an expense ratio of 2.67% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $249 per year of difference.
Which performed better, ETHU or QQQ?
Over the past year ETHU returned -89.50% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ETHU annualized -74.16% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, ETHU or QQQ?
ETHU has been the more volatile fund at 150.2% annualized versus 30.6% for QQQ. Worst drawdown: ETHU -96.5% vs QQQ -83.0%.
Should I hold both ETHU and QQQ?
ETHU and QQQ have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETHU or QQQ?
ETHU yields 6.74% while QQQ yields 0.41%, so ETHU currently pays the higher dividend yield.
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