IQQQ vs QQQ
Proshares Nasdaq-100 High Income ETF vs Invesco QQQ Trust, Series 1
Which is better, IQQQ or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 48.0%.
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 | IQQQ | QQQ |
|---|---|---|
| Expense Ratio | 0.55% | 0.18%Best |
| AUM | $401M | $483.5B |
| Dividend Yield | 5.73% | 0.44% |
| Holdings | 108 | 107 |
| YTD Return | +12.91% | +15.18%Best |
| 1Y Return | +17.16% | +19.65%Best |
| 3Y Return (annualized) | - | +24.60% |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 16.7%Best | 17.8% |
| Max Drawdown | -21.5%Best | -22.8% |
| $10,000 over 2.5 years | $14,772 | $16,102Best |
| Top 10 Weight | 48.0% | 46.5%Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Mar 18, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 20, 2024 to Sep 15, 2026 (2.5 years).
IQQQ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
IQQQ vs QQQ Performance
Proshares Nasdaq-100 High Income ETF (IQQQ) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IQQQ returned +17.16% while QQQ returned +19.65%. Year to date, IQQQ is up 12.91% versus a gain of 15.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.7% 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 -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 0.99. 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 5.73% against 0.44% for QQQ.
Holdings Overlap
84.1% of IQQQ's money is in holdings QQQ also owns. 99.0% of QQQ's money is in holdings IQQQ also owns.
Most of QQQ is already inside IQQQ. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 103 positions we hold weights for in IQQQ and 102 in QQQ, against full books of 108 and 107.
What only one of them owns
Our book lists 1 positions for QQQ that do not appear in our book for IQQQ (0.2% of the fund), and 1 for IQQQ that do not appear in QQQ (11.0%).
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.
Top Shared Holdings
| Stock | Weight in IQQQ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.23% | 8.44% | 1.21% |
| AAPLApple, Inc | 6.30% | 7.27% | 0.97% |
| MSFTMicrosoft Corp | 5.10% | 5.76% | 0.66% |
| MUMicron Technology, Inc. | 4.04% | 4.43% | 0.39% |
| AMZNAmazon.Com Inc | 3.78% | 4.67% | 0.89% |
| AMDAdvanced Micro Devices Inc | 2.87% | 3.45% | 0.58% |
| GOOGLAlphabet Inc,class A | 2.67% | 3.36% | 0.69% |
| GOOGAlphabet Inc | 2.48% | 3.13% | 0.65% |
| AVGOBroadcom Inc | 2.38% | 3.16% | 0.78% |
| METAMeta Platforms Inc | 2.29% | 2.78% | 0.49% |
99.0% of QQQ is already inside IQQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $37 a year on a $10,000 investment.
Which performed better, IQQQ or QQQ?
Over the past year IQQQ returned +17.16% vs +19.65% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQQQ or QQQ?
QQQ has been the more volatile fund at 17.8% annualized versus 16.7% for IQQQ. Worst drawdown: IQQQ -21.5% vs QQQ -22.8%.
Should I hold both IQQQ and QQQ?
IQQQ and QQQ have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IQQQ and QQQ?
99.0% of QQQ's money is in holdings IQQQ also owns. 99.0% of QQQ's is in holdings IQQQ also owns. They hold 100 positions in common, counted across the 103 positions we hold weights for in IQQQ and 102 in QQQ.
Which pays a higher dividend, IQQQ or QQQ?
IQQQ yields 5.73% while QQQ yields 0.44%, so IQQQ currently pays the higher dividend yield.
Is QQQ better than IQQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 48.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.