KPDD vs QQQ
KraneShares 2x Long PDD Daily ETF vs Invesco QQQ Trust, Series 1
Which is better, KPDD or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | KPDD | QQQ |
|---|---|---|
| Expense Ratio | 1.26% | 0.18%Best |
| AUM | $14M | $483.5B |
| Dividend Yield | 124.28% | 0.44% |
| Holdings | 2 | 107 |
| YTD Return | -60.89% | +17.95%Best |
| 1Y Return | -72.00% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 62.6% | 19.1%Best |
| Max Drawdown | -77.5% | -15.7%Best |
| $10,000 over 1.5 years | $3,074 | $15,157Best |
| Fund Family | KraneShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Mar 11, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 12, 2025 to Sep 18, 2026 (1.5 years).
KPDD 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 1.5 years both funds cover.
KPDD vs QQQ Performance
KraneShares 2x Long PDD Daily ETF (KPDD) is an ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KPDD returned -72.00% while QQQ returned +21.77%. Year to date, KPDD is down 60.89% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KPDD has been the more volatile fund, with annualized monthly volatility of 62.6% compared with 19.1% for QQQ. 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 -77.5% for KPDD and -15.7% 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 -0.23. They move largely independently of each other.
Fees and Cost Over Time
KPDD charges 1.26% per year while QQQ charges 0.18%. On a $10,000 position that is $126 vs $18 annually, a gap of $108 per year that compounds over a long holding period. On income, KPDD currently yields 124.28% against 0.44% for QQQ.
Holdings Overlap
At least 0.3% of QQQ's money is in holdings KPDD also owns.
Only one direction is shown: for KPDD, our book for it lists positions totalling 200.0% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1 positions we hold weights for in KPDD and 102 in QQQ, against full books of 2 and 107.
Top Shared Holdings
| Stock | Weight in KPDD | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc. | 200.00% | 0.27% | 199.73% |
You are not choosing between two funds in isolation.
Whichever of KPDD and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KPDD or QQQ?
KPDD has an expense ratio of 1.26% while QQQ charges 0.18%. QQQ is the cheaper option, by $108 a year on a $10,000 investment.
Which performed better, KPDD or QQQ?
Over the past year KPDD returned -72.00% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), KPDD annualized -54.45% vs +31.95% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KPDD or QQQ?
KPDD has been the more volatile fund at 62.6% annualized versus 19.1% for QQQ. Worst drawdown: KPDD -77.5% vs QQQ -15.7%.
Should I hold both KPDD and QQQ?
KPDD and QQQ have a monthly-return correlation of -0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, KPDD or QQQ?
KPDD yields 124.28% while QQQ yields 0.44%, so KPDD currently pays the higher dividend yield.
Is QQQ better than KPDD?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.