HEFT vs QQQ
Hedgeye Fourth Turning ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | HEFT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.18% | |
| AUM | $85M | $455.8B | |
| Dividend Yield | 0.02% | 0.41% | |
| Holdings | 95 | 108 | |
| YTD Return | +4.44% | +19.68% | |
| 1Y Return | - | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -9.2% | -83.0% | |
| Fund Family | Hedgeye Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2025 | Mar 10, 1999 |
HEFT vs QQQ Performance
Hedgeye Fourth Turning ETF (HEFT) is a ETF from Hedgeye Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, HEFT is up 4.44% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.2% for HEFT and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
HEFT 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, HEFT currently yields 0.02% against 0.41% for QQQ.
Holdings Overlap
HEFT and QQQ share 14 holdings out of 137 unique holdings combined, representing a 34.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEFT or QQQ?
HEFT has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
What is the holdings overlap between HEFT and QQQ?
HEFT and QQQ share 14 common holdings with a 34.9% weight overlap. Combined, they hold 137 unique securities.
Which pays a higher dividend, HEFT or QQQ?
HEFT yields 0.02% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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