KNOV vs QQQ
Innovator US Small Cap Power Buffer ETF - November 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 | KNOV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $45M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | +13.03% | +19.52% | |
| 1Y Return | +22.95% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 8.9% | 30.6% | |
| Max Drawdown | -15.0% | -83.0% | |
| Fund Family | Innovator ETFs Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 1, 2024 | Mar 10, 1999 |
KNOV vs QQQ Performance
Innovator US Small Cap Power Buffer ETF - November (KNOV) is a ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KNOV returned +22.95% while QQQ returned +26.68%. Year to date, KNOV is up 13.03% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.9% for KNOV. 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 -15.0% for KNOV 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KNOV 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, KNOV currently yields 0.00% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, KNOV or QQQ?
KNOV 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, KNOV or QQQ?
Over the past year KNOV returned +22.95% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), KNOV annualized +15.20% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, KNOV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.9% for KNOV. Worst drawdown: KNOV -15.0% vs QQQ -83.0%.
Should I hold both KNOV and QQQ?
KNOV and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, KNOV or QQQ?
KNOV yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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