LUMA vs QQQ
KraneShares Photonic and Optical ETF vs Invesco QQQ Trust, Series 1
Which is better, LUMA or QQQ?
QQQ costs less.
QQQ has a lower expense ratio. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 56.1%.
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 | LUMA | QQQ |
|---|---|---|
| Expense Ratio | 1.00% | 0.18%Best |
| AUM | $10M | $498.6B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 29 | 321 |
| YTD Return | +14.26% | +22.67%Best |
| 1Y Return | - | +24.33% |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Top 10 Weight | 56.1% | 47.2%Best |
| Fund Family | KraneShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 15, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
LUMA 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
LUMA vs QQQ Performance
KraneShares Photonic and Optical ETF (LUMA) is an ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, LUMA is up 14.26% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
LUMA 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, LUMA currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
11.9% of LUMA's money is in holdings QQQ also owns. 1.2% of QQQ's money is in holdings LUMA also owns.
LUMA and QQQ share little of their money.
2 positions in common, counted across the 26 positions we hold weights for in LUMA and 102 in QQQ, against full books of 29 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for LUMA (96.5% of the fund), and 11 for LUMA that do not appear in QQQ (34.2%).
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 LUMA 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, LUMA or QQQ?
LUMA has an expense ratio of 1.00% while QQQ charges 0.18%. QQQ is the cheaper option, by $82 a year on a $10,000 investment.
What is the holdings overlap between LUMA and QQQ?
11.9% of LUMA's money is in holdings QQQ also owns. 1.2% of QQQ's is in holdings LUMA also owns. They hold 2 positions in common, counted across the 26 positions we hold weights for in LUMA and 102 in QQQ.
Which pays a higher dividend, LUMA or QQQ?
LUMA yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LUMA?
QQQ has a lower expense ratio. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 56.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.