OBOR vs QQQ
KraneShares MSCI One Belt One Road Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. OBOR offers more diversification with 118 holdings.
Side-by-Side Comparison
| Metric | OBOR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $4M | $455.8B | |
| Dividend Yield | 1.96% | 0.41% | |
| Holdings | 127 | 108 | |
| YTD Return | +2.85% | +19.68% | |
| 1Y Return | +14.40% | +26.75% | |
| 3Y Return (annualized) | +11.62% | +26.25% | |
| 5Y Return (annualized) | +1.12% | +15.39% | |
| Volatility (annualized) | 16.4% | 30.6% | |
| Max Drawdown | -41.5% | -83.0% | |
| Fund Family | KraneShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2017 | Mar 10, 1999 |
OBOR vs QQQ Performance
KraneShares MSCI One Belt One Road Index ETF (OBOR) is a ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OBOR returned +14.40% while QQQ returned +26.75%. Year to date, OBOR is up 2.85% versus a gain of 19.68% for QQQ.
Over three years, OBOR compounded at +11.62% per year against +26.25% for QQQ; over five years the annualized figures are +1.12% and +15.39% respectively. Across the full 9-year window we track, QQQ has the edge at +13.15% annualized vs +3.70%. 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 16.4% for OBOR. 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 -41.5% for OBOR 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OBOR 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, OBOR currently yields 1.96% against 0.41% for QQQ.
Holdings Overlap
OBOR and QQQ share 0 holdings out of 221 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, OBOR or QQQ?
OBOR 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, OBOR or QQQ?
Over the past year OBOR returned +14.40% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), OBOR annualized +3.70% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, OBOR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.4% for OBOR. Worst drawdown: OBOR -41.5% vs QQQ -83.0%.
Should I hold both OBOR and QQQ?
OBOR and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OBOR and QQQ?
OBOR and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 221 unique securities.
Which pays a higher dividend, OBOR or QQQ?
OBOR yields 1.96% while QQQ yields 0.41%, so OBOR currently pays the higher dividend yield.
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