JULZ vs QQQ
TrueShares Structured Outcome (July) 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 103 holdings.
Side-by-Side Comparison
| Metric | JULZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $36M | $455.8B | |
| Dividend Yield | 5.65% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | +10.09% | +17.46% | |
| 1Y Return | +4.32% | +26.02% | |
| 3Y Return (annualized) | +11.63% | +25.51% | |
| 5Y Return (annualized) | +8.25% | +15.12% | |
| Volatility (annualized) | 12.5% | 30.6% | |
| Max Drawdown | -17.4% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 30, 2020 | Mar 10, 1999 |
JULZ vs QQQ Performance
TrueShares Structured Outcome (July) ETF (JULZ) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JULZ returned +4.32% while QQQ returned +26.02%. Year to date, JULZ is up 10.09% versus a gain of 17.46% for QQQ.
Over three years, JULZ compounded at +11.63% per year against +25.51% for QQQ; over five years the annualized figures are +8.25% and +15.12% respectively. Across the full 6-year window we track, QQQ has the edge at +13.08% annualized vs +11.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.5% for JULZ. 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 -17.4% for JULZ 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JULZ charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, JULZ currently yields 5.65% against 0.41% for QQQ.
Holdings Overlap
JULZ and QQQ share 0 holdings out of 105 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, JULZ or QQQ?
JULZ has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, JULZ or QQQ?
Over the past year JULZ returned +4.32% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), JULZ annualized +11.82% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, JULZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.5% for JULZ. Worst drawdown: JULZ -17.4% vs QQQ -83.0%.
Should I hold both JULZ and QQQ?
JULZ and QQQ have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JULZ and QQQ?
JULZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, JULZ or QQQ?
JULZ yields 5.65% while QQQ yields 0.41%, so JULZ currently pays the higher dividend yield.
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