MDPL vs QQQ
Monarch Dividend Plus Index 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 | MDPL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.24% | 0.18% | |
| AUM | $58M | $455.8B | |
| Dividend Yield | 1.66% | 0.41% | |
| Holdings | 32 | 108 | |
| YTD Return | +10.70% | +18.31% | |
| 1Y Return | +13.63% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 15.7% | 30.6% | |
| Max Drawdown | -14.2% | -83.0% | |
| Fund Family | Monarch Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2024 | Mar 10, 1999 |
MDPL vs QQQ Performance
Monarch Dividend Plus Index ETF (MDPL) is a ETF from Monarch Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MDPL returned +13.63% while QQQ returned +25.37%. Year to date, MDPL is up 10.70% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.7% for MDPL. 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 -14.2% for MDPL 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MDPL charges 1.24% per year while QQQ charges 0.18%. On a $10,000 position that is $124 vs $18 annually, a gap of $106 per year that compounds over a long holding period. On income, MDPL currently yields 1.66% against 0.41% for QQQ.
Holdings Overlap
MDPL and QQQ share 1 holdings out of 132 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MDPL | Weight in QQQ | Difference |
|---|---|---|---|
| CMCSA | 3.25% | 0.38% | 2.87% |
Frequently Asked Questions
Which is cheaper, MDPL or QQQ?
MDPL has an expense ratio of 1.24% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $106 per year of difference.
Which performed better, MDPL or QQQ?
Over the past year MDPL returned +13.63% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MDPL annualized +7.89% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, MDPL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.7% for MDPL. Worst drawdown: MDPL -14.2% vs QQQ -83.0%.
Should I hold both MDPL and QQQ?
MDPL and QQQ have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MDPL and QQQ?
MDPL and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, MDPL or QQQ?
MDPL yields 1.66% while QQQ yields 0.41%, so MDPL currently pays the higher dividend yield.
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