NITE vs QQQ
The Nightview Fund 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 | NITE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.25% | 0.18% | |
| AUM | $33M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 22 | 108 | |
| YTD Return | +6.90% | +16.23% | |
| 1Y Return | +22.92% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 19.9% | 30.6% | |
| Max Drawdown | -29.6% | -83.0% | |
| Fund Family | Nightview Capital | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 21, 2024 | Mar 10, 1999 |
NITE vs QQQ Performance
The Nightview Fund ETF (NITE) is a ETF from Nightview Capital and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NITE returned +22.92% while QQQ returned +26.23%. Year to date, NITE is up 6.90% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.9% for NITE. 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 -29.6% for NITE 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NITE charges 1.25% per year while QQQ charges 0.18%. On a $10,000 position that is $125 vs $18 annually, a gap of $107 per year that compounds over a long holding period. On income, NITE currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
NITE and QQQ share 8 holdings out of 114 unique holdings combined, representing a 21.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NITE or QQQ?
NITE has an expense ratio of 1.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $107 per year of difference.
Which performed better, NITE or QQQ?
Over the past year NITE returned +22.92% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NITE annualized +23.81% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, NITE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.9% for NITE. Worst drawdown: NITE -29.6% vs QQQ -83.0%.
Should I hold both NITE and QQQ?
NITE and QQQ have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NITE and QQQ?
NITE and QQQ share 8 common holdings with a 21.8% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, NITE or QQQ?
NITE yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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