KONG vs QQQ
Formidable Fortress 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 | KONG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.18% | |
| AUM | $23M | $496.3B | |
| Dividend Yield | 0.35% | 0.44% | |
| Holdings | 61 | 108 | |
| YTD Return | +8.65% | +16.64% | |
| 1Y Return | +9.88% | +27.27% | |
| 3Y Return (annualized) | +9.09% | +25.96% | |
| 5Y Return (annualized) | +5.72% | +14.54% | |
| Volatility (annualized) | 12.3% | 30.6% | |
| Max Drawdown | -20.0% | -83.0% | |
| Fund Family | Formidable Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 21, 2021 | Mar 10, 1999 |
KONG vs QQQ Performance
Formidable Fortress ETF (KONG) is a ETF from Formidable Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KONG returned +9.88% while QQQ returned +27.27%. Year to date, KONG is up 8.65% versus a gain of 16.64% for QQQ.
Over three years, KONG compounded at +9.09% per year against +25.96% for QQQ; over five years the annualized figures are +5.72% and +14.54% respectively. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +6.10%. 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 12.3% for KONG. 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 -20.0% for KONG 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KONG charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, KONG currently yields 0.35% against 0.44% for QQQ.
Holdings Overlap
KONG and QQQ share 12 holdings out of 124 unique holdings combined, representing a 17.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KONG or QQQ?
KONG has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, KONG or QQQ?
Over the past year KONG returned +9.88% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), KONG annualized +6.10% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, KONG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.3% for KONG. Worst drawdown: KONG -20.0% vs QQQ -83.0%.
Should I hold both KONG and QQQ?
KONG and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KONG and QQQ?
KONG and QQQ share 12 common holdings with a 17.5% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, KONG or QQQ?
KONG yields 0.35% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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