LCDL vs QQQ
GraniteShares 2x Long LCID Daily 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 | LCDL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.18% | |
| AUM | $4M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 2 | 108 | |
| YTD Return | -91.99% | +18.31% | |
| 1Y Return | -98.71% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 100.4% | 30.6% | |
| Max Drawdown | -99.3% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 21, 2025 | Mar 10, 1999 |
LCDL vs QQQ Performance
GraniteShares 2x Long LCID Daily ETF (LCDL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LCDL returned -98.71% while QQQ returned +25.37%. Year to date, LCDL is down 91.99% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
LCDL has been the more volatile fund, with annualized monthly volatility of 100.4% compared with 30.6% 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 -99.3% for LCDL 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LCDL charges 1.15% per year while QQQ charges 0.18%. On a $10,000 position that is $115 vs $18 annually, a gap of $97 per year that compounds over a long holding period. On income, LCDL currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
LCDL 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, LCDL or QQQ?
LCDL has an expense ratio of 1.15% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, LCDL or QQQ?
Over the past year LCDL returned -98.71% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), LCDL annualized -97.36% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, LCDL or QQQ?
LCDL has been the more volatile fund at 100.4% annualized versus 30.6% for QQQ. Worst drawdown: LCDL -99.3% vs QQQ -83.0%.
Should I hold both LCDL and QQQ?
LCDL and QQQ have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LCDL and QQQ?
LCDL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, LCDL or QQQ?
LCDL yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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