EUO vs QQQ
ProShares UltraShort Euro vs Invesco QQQ Trust, Series 1
Which is better, EUO or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. EUO led over 1Y, QQQ over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EUO | QQQ |
|---|---|---|
| Expense Ratio | 0.98% | 0.18%Best |
| AUM | $44M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 10 | 208 |
| YTD Return | +15.93%Best | +12.98% |
| 1Y Return | +13.96%Best | +11.59% |
| 3Y Return (annualized) | +2.34% | +23.05%Best |
| 5Y Return (annualized) | +5.35% | +12.74%Best |
| Volatility (annualized) | 17.8%Tie | 17.8%Tie |
| Max Drawdown | -38.6% | -35.1%Best |
| $10,000 over 5 years | $12,977 | $18,213Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Growth |
| Inception | Nov 24, 2008 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 25, 2008 to Nov 11, 2026 (18 years).
EUO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EUO vs QQQ Performance
ProShares UltraShort Euro (EUO) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EUO returned +13.96% while QQQ returned +11.59%. Year to date, EUO is up 15.93% versus a gain of 12.98% for QQQ.
Over three years, EUO compounded at +2.34% per year against +23.05% for QQQ; over five years the annualized figures are +5.35% and +12.74% respectively. Across the full 18-year window we track, QQQ has the edge at +19.72% annualized vs +1.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EUO and QQQ have been equally volatile, both at 17.8% annualized.
The deepest peak-to-trough decline in our data was -38.6% for EUO and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EUO charges 0.98% per year while QQQ charges 0.18%. On a $10,000 position that is $98 vs $18 annually, a gap of $80 per year that compounds over a long holding period. On income, EUO currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in EUO and 101 in QQQ, totalling 20.1% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EUO and 101 in QQQ, against full books of 10 and 208.
You are not choosing between two funds in isolation.
Whichever of EUO and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EUO or QQQ?
EUO has an expense ratio of 0.98% while QQQ charges 0.18%. QQQ is the cheaper option, by $80 a year on a $10,000 investment.
Which performed better, EUO or QQQ?
Over the past year EUO returned +13.96% vs +11.59% for QQQ, so EUO leads on 1-year performance. Over the longest common window we track (18 years), EUO annualized +1.62% vs +19.72% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EUO or QQQ?
EUO and QQQ have been equally volatile, both at 17.8% annualized. Worst drawdown: EUO -38.6% vs QQQ -35.1%.
Should I hold both EUO and QQQ?
EUO and QQQ have a monthly-return correlation of -0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EUO or QQQ?
EUO yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than EUO?
QQQ has a lower expense ratio. EUO led over 1Y, QQQ over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.