LSAT vs QQQ
LeaderShares AlphaFactor Tactical Focused 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 | LSAT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $65M | $455.8B | |
| Dividend Yield | 1.65% | 0.41% | |
| Holdings | 34 | 108 | |
| YTD Return | +20.54% | +19.68% | |
| 1Y Return | +15.82% | +26.75% | |
| 3Y Return (annualized) | +11.58% | +26.25% | |
| 5Y Return (annualized) | +7.36% | +15.39% | |
| Volatility (annualized) | 15.3% | 30.6% | |
| Max Drawdown | -20.5% | -83.0% | |
| Fund Family | LeaderShares | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 26, 2020 | Mar 10, 1999 |
LSAT vs QQQ Performance
LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is a ETF from LeaderShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LSAT returned +15.82% while QQQ returned +26.75%. Year to date, LSAT is up 20.54% versus a gain of 19.68% for QQQ.
Over three years, LSAT compounded at +11.58% per year against +26.25% for QQQ; over five years the annualized figures are +7.36% and +15.39% respectively. Across the full 6-year window we track, LSAT has the edge at +13.60% annualized vs +13.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for LSAT. 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 -20.5% for LSAT 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LSAT charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, LSAT currently yields 1.65% against 0.41% for QQQ.
Holdings Overlap
LSAT and QQQ share 1 holdings out of 132 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in LSAT | Weight in QQQ | Difference |
|---|---|---|---|
| FTNT | 3.31% | 0.52% | 2.79% |
Frequently Asked Questions
Which is cheaper, LSAT or QQQ?
LSAT has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, LSAT or QQQ?
Over the past year LSAT returned +15.82% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), LSAT annualized +13.60% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, LSAT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for LSAT. Worst drawdown: LSAT -20.5% vs QQQ -83.0%.
Should I hold both LSAT and QQQ?
LSAT and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LSAT and QQQ?
LSAT and QQQ share 1 common holdings with a 0.5% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, LSAT or QQQ?
LSAT yields 1.65% while QQQ yields 0.41%, so LSAT currently pays the higher dividend yield.
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