LPRE vs QQQ
Long Pond Real Estate Select 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 | LPRE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.18% | |
| AUM | $179M | $496.3B | |
| Dividend Yield | 1.11% | 0.44% | |
| Holdings | 26 | 108 | |
| YTD Return | +12.93% | +17.07% | |
| 1Y Return | +14.48% | +26.39% | |
| 3Y Return (annualized) | - | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | 13.2% | 30.6% | |
| Max Drawdown | -10.6% | -83.0% | |
| Fund Family | Long Pond Capital | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2025 | Mar 10, 1999 |
LPRE vs QQQ Performance
Long Pond Real Estate Select ETF (LPRE) is a ETF from Long Pond Capital and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LPRE returned +14.48% while QQQ returned +26.39%. Year to date, LPRE is up 12.93% versus a gain of 17.07% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.2% for LPRE. 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 -10.6% for LPRE 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LPRE charges 1.00% per year while QQQ charges 0.18%. On a $10,000 position that is $100 vs $18 annually, a gap of $82 per year that compounds over a long holding period. On income, LPRE currently yields 1.11% against 0.44% for QQQ.
Holdings Overlap
LPRE and QQQ share 0 holdings out of 127 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, LPRE or QQQ?
LPRE has an expense ratio of 1.00% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, LPRE or QQQ?
Over the past year LPRE returned +14.48% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), LPRE annualized +21.67% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, LPRE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.2% for LPRE. Worst drawdown: LPRE -10.6% vs QQQ -83.0%.
Should I hold both LPRE and QQQ?
LPRE and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LPRE and QQQ?
LPRE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, LPRE or QQQ?
LPRE yields 1.11% while QQQ yields 0.44%, so LPRE currently pays the higher dividend yield.
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