FBL vs QQQ
GraniteShares 2x Long META Daily 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 | FBL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.18% | |
| AUM | $177M | $455.8B | |
| Dividend Yield | 3.22% | 0.41% | |
| Holdings | 2 | 108 | |
| YTD Return | -29.24% | +17.85% | |
| 1Y Return | -52.49% | +26.45% | |
| 3Y Return (annualized) | +21.22% | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 64.5% | 30.6% | |
| Max Drawdown | -63.2% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2022 | Mar 10, 1999 |
FBL vs QQQ Performance
GraniteShares 2x Long META Daily ETF (FBL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FBL returned -52.49% while QQQ returned +26.45%. Year to date, FBL is down 29.24% versus a gain of 17.85% for QQQ.
Over three years, FBL compounded at +21.22% per year against +26.07% for QQQ. Across the full 4-year window we track, FBL has the edge at +66.10% annualized vs +13.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 64.5% 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 -63.2% for FBL 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBL charges 1.09% per year while QQQ charges 0.18%. On a $10,000 position that is $109 vs $18 annually, a gap of $91 per year that compounds over a long holding period. On income, FBL currently yields 3.22% against 0.41% for QQQ.
Holdings Overlap
FBL 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, FBL or QQQ?
FBL has an expense ratio of 1.09% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, FBL or QQQ?
Over the past year FBL returned -52.49% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FBL annualized +66.10% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, FBL or QQQ?
FBL has been the more volatile fund at 64.5% annualized versus 30.6% for QQQ. Worst drawdown: FBL -63.2% vs QQQ -83.0%.
Should I hold both FBL and QQQ?
FBL and QQQ have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBL and QQQ?
FBL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, FBL or QQQ?
FBL yields 3.22% while QQQ yields 0.41%, so FBL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.