OND vs QQQ
Proshares On Demand 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 | OND | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 29 | 108 | |
| YTD Return | -14.74% | +19.68% | |
| 1Y Return | -21.15% | +26.75% | |
| 3Y Return (annualized) | +15.69% | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 24.6% | 30.6% | |
| Max Drawdown | -59.0% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2021 | Mar 10, 1999 |
OND vs QQQ Performance
Proshares On Demand ETF (OND) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OND returned -21.15% while QQQ returned +26.75%. Year to date, OND is down 14.74% versus a gain of 19.68% for QQQ.
Over three years, OND compounded at +15.69% per year against +26.25% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.15% annualized vs -1.90%. 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 24.6% for OND. 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 -59.0% for OND 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OND charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, OND currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
OND and QQQ share 5 holdings out of 126 unique holdings combined, representing a 6.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OND or QQQ?
OND has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, OND or QQQ?
Over the past year OND returned -21.15% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), OND annualized -1.90% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, OND or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.6% for OND. Worst drawdown: OND -59.0% vs QQQ -83.0%.
Should I hold both OND and QQQ?
OND and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OND and QQQ?
OND and QQQ share 5 common holdings with a 6.3% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, OND or QQQ?
OND yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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