FIAT vs QQQ
YieldMax Short COIN Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FIAT delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FIAT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.18% | |
| AUM | $33M | $496.3B | |
| Dividend Yield | 100.90% | 0.44% | |
| Holdings | 19 | 108 | |
| YTD Return | +24.52% | +19.52% | |
| 1Y Return | +52.00% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 55.5% | 30.6% | |
| Max Drawdown | -70.5% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 9, 2024 | Mar 10, 1999 |
FIAT vs QQQ Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FIAT returned +52.00% while QQQ returned +26.68%. Year to date, FIAT is up 24.52% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.5% 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 -70.5% for FIAT 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 -0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIAT charges 1.05% per year while QQQ charges 0.18%. On a $10,000 position that is $105 vs $18 annually, a gap of $87 per year that compounds over a long holding period. On income, FIAT currently yields 100.90% against 0.44% for QQQ.
Holdings Overlap
FIAT and QQQ share 0 holdings out of 105 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, FIAT or QQQ?
FIAT has an expense ratio of 1.05% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, FIAT or QQQ?
Over the past year FIAT returned +52.00% vs +26.68% for QQQ, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -18.17% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, FIAT or QQQ?
FIAT has been the more volatile fund at 55.5% annualized versus 30.6% for QQQ. Worst drawdown: FIAT -70.5% vs QQQ -83.0%.
Should I hold both FIAT and QQQ?
FIAT and QQQ have a monthly-return correlation of -0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIAT and QQQ?
FIAT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, FIAT or QQQ?
FIAT yields 100.90% while QQQ yields 0.44%, so FIAT currently pays the higher dividend yield.
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