LBO vs QQQ
WHITEWOLF Publicly Listed Private Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, LBO or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 69.5%.
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 | LBO | QQQ |
|---|---|---|
| Expense Ratio | 6.53% | 0.18%Best |
| AUM | $8M | $483.5B |
| Dividend Yield | 5.83% | 0.44% |
| Holdings | 40 | 107 |
| YTD Return | -14.92% | +21.71%Best |
| 1Y Return | -16.59% | +25.89%Best |
| 3Y Return (annualized) | - | +28.80% |
| 5Y Return (annualized) | - | +15.67% |
| Volatility (annualized) | 19.3% | 16.8%Best |
| Max Drawdown | -32.9% | -22.8%Best |
| $10,000 over 2.8 years | $9,830 | $19,360Best |
| Top 10 Weight | 69.5% | 46.5%Best |
| Fund Family | White Wolf Capital Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 30, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 30, 2023 to Sep 25, 2026 (2.8 years).
LBO 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 2.8 years both funds cover.
LBO vs QQQ Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LBO returned -16.59% while QQQ returned +25.89%. Year to date, LBO is down 14.92% versus a gain of 21.71% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 16.8% 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 -32.9% for LBO and -22.8% 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 0.30. They move together some of the time, and apart the rest.
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 5.83% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 38 holdings in LBO and 102 in QQQ, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 38 positions we hold weights for in LBO and 102 in QQQ, against full books of 40 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for LBO (97.5% of the fund), and 36 for LBO that do not appear in QQQ (93.2%).
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.
You are not choosing between two funds in isolation.
Whichever of LBO 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, LBO or QQQ?
LBO has an expense ratio of 6.53% while QQQ charges 0.18%. QQQ is the cheaper option, by $635 a year on a $10,000 investment.
Which performed better, LBO or QQQ?
Over the past year LBO returned -16.59% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBO or QQQ?
LBO has been the more volatile fund at 19.3% annualized versus 16.8% for QQQ. Worst drawdown: LBO -32.9% vs QQQ -22.8%.
Should I hold both LBO and QQQ?
LBO and QQQ have a monthly-return correlation of 0.30, 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, LBO or QQQ?
LBO yields 5.83% while QQQ yields 0.44%, so LBO currently pays the higher dividend yield.
Is QQQ better than LBO?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 69.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.