IWMY vs QQQ
Defiance R2000 Weekly Distribution 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 | IWMY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.18% | |
| AUM | $98M | $496.3B | |
| Dividend Yield | 41.94% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +14.37% | +16.64% | |
| 1Y Return | +17.94% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 14.8% | 30.6% | |
| Max Drawdown | -35.7% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2023 | Mar 10, 1999 |
IWMY vs QQQ Performance
Defiance R2000 Weekly Distribution ETF (IWMY) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IWMY returned +17.94% while QQQ returned +27.27%. Year to date, IWMY is up 14.37% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.8% for IWMY. 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 -35.7% for IWMY 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IWMY charges 1.05% per year while QQQ charges 0.18%. On a $10,000 position that is $105 vs $18 annually, a gap of $87 per year that compounds over a long holding period. On income, IWMY currently yields 41.94% against 0.44% for QQQ.
Holdings Overlap
IWMY 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, IWMY or QQQ?
IWMY has an expense ratio of 1.05% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, IWMY or QQQ?
Over the past year IWMY returned +17.94% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), IWMY annualized -0.27% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWMY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for IWMY. Worst drawdown: IWMY -35.7% vs QQQ -83.0%.
Should I hold both IWMY and QQQ?
IWMY and QQQ have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWMY and QQQ?
IWMY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, IWMY or QQQ?
IWMY yields 41.94% while QQQ yields 0.44%, so IWMY currently pays the higher dividend yield.
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