IDEC vs QQQ
Innovator International Developed Power Buffer ETF - December 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 | IDEC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $42M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | +8.91% | +18.31% | |
| 1Y Return | +15.92% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 7.0% | 30.6% | |
| Max Drawdown | -8.5% | -83.0% | |
| Fund Family | Innovator ETFs Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 1, 2023 | Mar 10, 1999 |
IDEC vs QQQ Performance
Innovator International Developed Power Buffer ETF - December (IDEC) is a ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IDEC returned +15.92% while QQQ returned +25.37%. Year to date, IDEC is up 8.91% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.0% for IDEC. 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 -8.5% for IDEC 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IDEC charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, IDEC currently yields 0.00% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, IDEC or QQQ?
IDEC has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, IDEC or QQQ?
Over the past year IDEC returned +15.92% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), IDEC annualized +13.43% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, IDEC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.0% for IDEC. Worst drawdown: IDEC -8.5% vs QQQ -83.0%.
Should I hold both IDEC and QQQ?
IDEC and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IDEC or QQQ?
IDEC yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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