LBO vs QQQ
WHITEWOLF Publicly Listed Private Equity 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 | LBO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 6.53% | 0.18% | |
| AUM | $8M | $496.3B | |
| Dividend Yield | 6.38% | 0.44% | |
| Holdings | 44 | 108 | |
| YTD Return | -6.84% | +16.64% | |
| 1Y Return | -11.22% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.4% | 30.6% | |
| Max Drawdown | -32.9% | -83.0% | |
| Fund Family | White Wolf Capital Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 30, 2023 | Mar 10, 1999 |
LBO vs QQQ Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is a ETF from White Wolf Capital Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LBO returned -11.22% while QQQ returned +27.27%. Year to date, LBO is down 6.84% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.4% for LBO. 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 -32.9% for LBO 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LBO charges 6.53% per year while QQQ charges 0.18%. On a $10,000 position that is $653 vs $18 annually, a gap of $635 per year that compounds over a long holding period. On income, LBO currently yields 6.38% against 0.44% for QQQ.
Holdings Overlap
LBO and QQQ share 0 holdings out of 141 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, LBO or QQQ?
LBO has an expense ratio of 6.53% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $635 per year of difference.
Which performed better, LBO or QQQ?
Over the past year LBO returned -11.22% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), LBO annualized +2.73% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LBO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.4% for LBO. Worst drawdown: LBO -32.9% vs QQQ -83.0%.
Should I hold both LBO and QQQ?
LBO and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LBO and QQQ?
LBO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, LBO or QQQ?
LBO yields 6.38% while QQQ yields 0.44%, so LBO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.