MSDD vs QQQ
GraniteShares 2x Short MSTR Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. MSDD delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | MSDD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.18% | |
| AUM | $2M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 1 | 108 | |
| YTD Return | -45.26% | +18.31% | |
| 1Y Return | +70.78% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 133.8% | 30.6% | |
| Max Drawdown | -84.9% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 9, 2025 | Mar 10, 1999 |
MSDD vs QQQ Performance
GraniteShares 2x Short MSTR Daily ETF (MSDD) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MSDD returned +70.78% while QQQ returned +25.37%. Year to date, MSDD is down 45.26% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
MSDD has been the more volatile fund, with annualized monthly volatility of 133.8% 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 -84.9% for MSDD 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 -0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSDD charges 1.50% per year while QQQ charges 0.18%. On a $10,000 position that is $150 vs $18 annually, a gap of $132 per year that compounds over a long holding period. On income, MSDD currently yields 0.00% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, MSDD or QQQ?
MSDD has an expense ratio of 1.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, MSDD or QQQ?
Over the past year MSDD returned +70.78% vs +25.37% for QQQ, so MSDD leads on 1-year performance. Over the longest common window we track (1 years), MSDD annualized +87.92% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, MSDD or QQQ?
MSDD has been the more volatile fund at 133.8% annualized versus 30.6% for QQQ. Worst drawdown: MSDD -84.9% vs QQQ -83.0%.
Should I hold both MSDD and QQQ?
MSDD and QQQ have a monthly-return correlation of -0.48, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, MSDD or QQQ?
MSDD yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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