GLGG vs QQQ
Leverage Shares 2X Long GLXY 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 108 holdings.
Side-by-Side Comparison
| Metric | GLGG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.18% | |
| AUM | $2M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | -55.93% | +16.64% | |
| 1Y Return | -66.19% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 188.8% | 30.6% | |
| Max Drawdown | -92.2% | -83.0% | |
| Fund Family | Leverage Shares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2025 | Mar 10, 1999 |
GLGG vs QQQ Performance
Leverage Shares 2X Long GLXY Daily ETF (GLGG) is a ETF from Leverage Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GLGG returned -66.19% while QQQ returned +27.27%. Year to date, GLGG is down 55.93% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
GLGG has been the more volatile fund, with annualized monthly volatility of 188.8% 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 -92.2% for GLGG 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GLGG charges 0.76% per year while QQQ charges 0.18%. On a $10,000 position that is $76 vs $18 annually, a gap of $58 per year that compounds over a long holding period. On income, GLGG currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
GLGG and QQQ share 0 holdings out of 103 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, GLGG or QQQ?
GLGG has an expense ratio of 0.76% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, GLGG or QQQ?
Over the past year GLGG returned -66.19% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, GLGG or QQQ?
GLGG has been the more volatile fund at 188.8% annualized versus 30.6% for QQQ. Worst drawdown: GLGG -92.2% vs QQQ -83.0%.
Should I hold both GLGG and QQQ?
GLGG and QQQ have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLGG and QQQ?
GLGG and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, GLGG or QQQ?
GLGG yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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