NITE vs QQQ
The Nightview Fund ETF vs Invesco QQQ Trust, Series 1
Which is better, NITE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 66.0%.
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 | NITE | QQQ |
|---|---|---|
| Expense Ratio | 1.25% | 0.18%Best |
| AUM | $33M | $498.6B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 38 | 321 |
| YTD Return | +5.18% | +22.67%Best |
| 1Y Return | +7.84% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 20.6% | 17.3%Best |
| Max Drawdown | -29.6% | -22.8%Best |
| $10,000 over 2.3 years | $15,674 | $16,089Best |
| Top 10 Weight | 66.0% | 47.2%Best |
| Fund Family | Nightview Capital | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 21, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 24, 2024 to Oct 2, 2026 (2.3 years).
NITE 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 covers the 2.3 years both funds cover.
NITE vs QQQ Performance
The Nightview Fund ETF (NITE) is an ETF from Nightview Capital and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NITE returned +7.84% while QQQ returned +24.33%. Year to date, NITE is up 5.18% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NITE has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 17.3% 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 -29.6% for NITE and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. 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 0.42% for QQQ.
Holdings Overlap
50.9% of NITE's money is in holdings QQQ also owns. 22.4% of QQQ's money is in holdings NITE also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 19 positions we hold weights for in NITE and 102 in QQQ, against full books of 38 and 321.
What only one of them owns
Our book lists 89 positions for QQQ that do not appear in our book for NITE (75.4% of the fund), and 11 for NITE that do not appear in QQQ (45.7%).
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.
Top Shared Holdings
50.9% of NITE is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $107 a year on a $10,000 investment.
Which performed better, NITE or QQQ?
Over the past year NITE returned +7.84% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NITE annualized +21.58% vs +22.97% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NITE or QQQ?
NITE has been the more volatile fund at 20.6% annualized versus 17.3% for QQQ. Worst drawdown: NITE -29.6% vs QQQ -22.8%.
Should I hold both NITE and QQQ?
NITE and QQQ have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NITE and QQQ?
50.9% of NITE's money is in holdings QQQ also owns. 22.4% of QQQ's is in holdings NITE also owns. They hold 7 positions in common, counted across the 19 positions we hold weights for in NITE and 102 in QQQ.
Which pays a higher dividend, NITE or QQQ?
NITE yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than NITE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 66.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.