IQQQ vs QQQ
Proshares Nasdaq-100 High Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | IQQQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $414M | $496.3B | |
| Dividend Yield | 5.43% | 0.44% | |
| Holdings | 108 | 108 | |
| YTD Return | +14.05% | +16.30% | |
| 1Y Return | +22.11% | +24.83% | |
| 3Y Return (annualized) | - | +25.48% | |
| 5Y Return (annualized) | - | +14.50% | |
| Volatility (annualized) | 16.9% | 30.6% | |
| Max Drawdown | -21.5% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 18, 2024 | Mar 10, 1999 |
IQQQ vs QQQ Performance
Proshares Nasdaq-100 High Income ETF (IQQQ) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IQQQ returned +22.11% while QQQ returned +24.83%. Year to date, IQQQ is up 14.05% versus a gain of 16.30% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.9% for IQQQ. 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 -21.5% for IQQQ 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQQQ charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, IQQQ currently yields 5.43% against 0.44% for QQQ.
Holdings Overlap
IQQQ and QQQ share 100 holdings out of 106 unique holdings combined, representing a 82.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IQQQ or QQQ?
IQQQ has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IQQQ or QQQ?
Over the past year IQQQ returned +22.11% vs +24.83% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), IQQQ annualized +17.79% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, IQQQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.9% for IQQQ. Worst drawdown: IQQQ -21.5% vs QQQ -83.0%.
Should I hold both IQQQ and QQQ?
IQQQ and QQQ have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IQQQ and QQQ?
IQQQ and QQQ share 100 common holdings with a 82.7% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, IQQQ or QQQ?
IQQQ yields 5.43% while QQQ yields 0.44%, so IQQQ currently pays the higher dividend yield.
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