NOVZ vs QQQ
TrueShares Structured Outcome November 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 | NOVZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $38M | $496.3B | |
| Dividend Yield | 3.35% | 0.44% | |
| Holdings | 17 | 108 | |
| YTD Return | +8.77% | +15.47% | |
| 1Y Return | +10.39% | +24.44% | |
| 3Y Return (annualized) | +14.51% | +25.47% | |
| 5Y Return (annualized) | +9.62% | +14.22% | |
| Volatility (annualized) | 11.7% | 30.6% | |
| Max Drawdown | -16.6% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2020 | Mar 10, 1999 |
NOVZ vs QQQ Performance
TrueShares Structured Outcome November ETF (NOVZ) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NOVZ returned +10.39% while QQQ returned +24.44%. Year to date, NOVZ is up 8.77% versus a gain of 15.47% for QQQ.
Over three years, NOVZ compounded at +14.51% per year against +25.47% for QQQ; over five years the annualized figures are +9.62% and +14.22% respectively. Across the full 6-year window we track, QQQ has the edge at +12.99% annualized vs +12.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.7% for NOVZ. 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 -16.6% for NOVZ 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOVZ charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, NOVZ currently yields 3.35% against 0.44% for QQQ.
Holdings Overlap
NOVZ and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NOVZ or QQQ?
NOVZ has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, NOVZ or QQQ?
Over the past year NOVZ returned +10.39% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), NOVZ annualized +12.88% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, NOVZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.7% for NOVZ. Worst drawdown: NOVZ -16.6% vs QQQ -83.0%.
Should I hold both NOVZ and QQQ?
NOVZ and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NOVZ and QQQ?
NOVZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, NOVZ or QQQ?
NOVZ yields 3.35% while QQQ yields 0.44%, so NOVZ currently pays the higher dividend yield.
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