KPRO vs QQQ
KraneShares 100% KWEB Defined Outcome January 2026 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 | KPRO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 4 | 108 | |
| YTD Return | -5.57% | +17.46% | |
| 1Y Return | -6.61% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 8.1% | 30.6% | |
| Max Drawdown | -15.4% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 7, 2024 | Mar 10, 1999 |
KPRO vs QQQ Performance
KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KPRO returned -6.61% while QQQ returned +26.02%. Year to date, KPRO is down 5.57% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.1% for KPRO. 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 -15.4% for KPRO 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KPRO charges 1.04% per year while QQQ charges 0.18%. On a $10,000 position that is $104 vs $18 annually, a gap of $86 per year that compounds over a long holding period. On income, KPRO currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
KPRO and QQQ share 0 holdings out of 104 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, KPRO or QQQ?
KPRO has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, KPRO or QQQ?
Over the past year KPRO returned -6.61% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), KPRO annualized +3.54% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, KPRO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.1% for KPRO. Worst drawdown: KPRO -15.4% vs QQQ -83.0%.
Should I hold both KPRO and QQQ?
KPRO and QQQ have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KPRO and QQQ?
KPRO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, KPRO or QQQ?
KPRO yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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