FIVY vs QQQ
YieldMax Dorsey Wright Hybrid 5 Income ETF vs Invesco QQQ Trust, Series 1
Which is better, FIVY or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 99.0%.
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 | FIVY | QQQ |
|---|---|---|
| Expense Ratio | 0.70% | 0.18%Best |
| AUM | $5M | $483.5B |
| Dividend Yield | 46.67% | 0.44% |
| Holdings | 12 | 107 |
| Volatility (annualized) | 24.9% | 19.8%Best |
| Max Drawdown | -32.8% | -22.8%Best |
| $10,000 over 1.5 years | $8,199 | $14,021Best |
| Top 10 Weight | 99.0% | 46.5%Best |
| Fund Family | YieldMax ETF | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Dec 16, 2024 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 88 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FIVY has data through Jun 15, 2026 and QQQ through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Dec 17, 2024 to Jun 15, 2026 (1.5 years).
Risk: Volatility and Drawdowns
FIVY has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 19.8% 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 -32.8% for FIVY and -22.8% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIVY charges 0.70% per year while QQQ charges 0.18%. On a $10,000 position that is $70 vs $18 annually, a gap of $52 per year that compounds over a long holding period. On income, FIVY currently yields 46.67% against 0.44% for QQQ.
Holdings Overlap
18.4% of FIVY's money is in holdings QQQ also owns. 11.8% of QQQ's money is in holdings FIVY also owns.
FIVY and QQQ share little of their money.
The two holdings books were reported 97 days apart, FIVY as of Apr 30, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 11 positions we hold weights for in FIVY and 102 in QQQ, against full books of 12 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for FIVY (85.8% of the fund), and 8 for FIVY that do not appear in QQQ (72.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FIVY 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, FIVY or QQQ?
FIVY has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option, by $52 a year on a $10,000 investment.
Which is riskier, FIVY or QQQ?
FIVY has been the more volatile fund at 24.9% annualized versus 19.8% for QQQ. Worst drawdown: FIVY -32.8% vs QQQ -22.8%.
Should I hold both FIVY and QQQ?
FIVY and QQQ have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FIVY and QQQ?
18.4% of FIVY's money is in holdings QQQ also owns. 11.8% of QQQ's is in holdings FIVY also owns. They hold 2 positions in common, counted across the 11 positions we hold weights for in FIVY and 102 in QQQ.
Which pays a higher dividend, FIVY or QQQ?
FIVY yields 46.67% while QQQ yields 0.44%, so FIVY currently pays the higher dividend yield.
Is QQQ better than FIVY?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 99.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.