KWIN vs QQQ
KraneShares Wahed Alternative Income Index ETF vs Invesco QQQ Trust, Series 1
Which is better, KWIN or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. KWIN is less concentrated, with 44.0% of the fund in its ten largest positions against 46.9%.
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 | KWIN | QQQ |
|---|---|---|
| Expense Ratio | 0.51% | 0.18%Best |
| AUM | $63M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 176 | 208 |
| YTD Return | +2.88% | +12.98%Best |
| 1Y Return | +3.57% | +11.59%Best |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 0.7%Best | 23.1% |
| Max Drawdown | -1.6%Best | -14.8% |
| $10,000 over 1 years | $10,364 | $11,110Best |
| Top 10 Weight | 44.0%Best | 46.9% |
| Fund Family | KraneShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Nov 5, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Nov 5, 2025 to Nov 11, 2026 (1 years).
KWIN 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 years both funds cover.
KWIN vs QQQ Performance
KraneShares Wahed Alternative Income Index ETF (KWIN) is an ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KWIN returned +3.57% while QQQ returned +11.59%. Year to date, KWIN is up 2.88% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 0.7% for KWIN. 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 -1.6% for KWIN and -14.8% 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 -0.28. They move largely independently of each other.
Fees and Cost Over Time
KWIN charges 0.51% per year while QQQ charges 0.18%. On a $10,000 position that is $51 vs $18 annually, a gap of $33 per year that compounds over a long holding period. On income, KWIN currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
57.8% of KWIN's money is in holdings QQQ also owns. 19.6% of QQQ's money is in holdings KWIN also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 25 positions we hold weights for in KWIN and 101 in QQQ, against full books of 176 and 208.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for KWIN (77.6% of the fund), and 10 for KWIN that do not appear in QQQ (38.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KWIN | Weight in QQQ | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.73% | 4.23% | 0.50% |
| AMDAdvanced Micro Devices Inc | 3.91% | 3.90% | 0.01% |
| TSLATesla Inc | 3.43% | 2.93% | 0.50% |
| INTCIntel Corp. | 3.47% | 2.13% | 1.34% |
| ISRGIntuitive Surgical Inc | 4.44% | 0.64% | 3.80% |
| CRWDCrowdstrike Holdings Inc | 4.00% | 1.06% | 2.94% |
| WDAYWorkday, Inc., Class A | 4.68% | 0.16% | 4.52% |
| PANWPalo Alto Networks Inc. | 3.50% | 1.28% | 2.22% |
| SNPSSynopsys | 4.23% | 0.38% | 3.85% |
| SNDKVSandisk Corp. | 3.68% | 0.87% | 2.81% |
57.8% of KWIN is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KWIN or QQQ?
KWIN has an expense ratio of 0.51% while QQQ charges 0.18%. QQQ is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, KWIN or QQQ?
Over the past year KWIN returned +3.57% vs +11.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), KWIN annualized +3.64% vs +11.10% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KWIN or QQQ?
QQQ has been the more volatile fund at 23.1% annualized versus 0.7% for KWIN. Worst drawdown: KWIN -1.6% vs QQQ -14.8%.
Should I hold both KWIN and QQQ?
KWIN and QQQ have a monthly-return correlation of -0.28, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KWIN and QQQ?
57.8% of KWIN's money is in holdings QQQ also owns. 19.6% of QQQ's is in holdings KWIN also owns. They hold 15 positions in common, counted across the 25 positions we hold weights for in KWIN and 101 in QQQ.
Which pays a higher dividend, KWIN or QQQ?
KWIN yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than KWIN?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. KWIN is less concentrated, with 44.0% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.