OND vs QQQ
Proshares On Demand ETF vs Invesco QQQ Trust, Series 1
Which is better, OND or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 47.2%.
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 | OND | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $3M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 27 | 107 |
| YTD Return | -16.31% | +17.54%Best |
| 1Y Return | -21.87% | +25.59%Best |
| 3Y Return (annualized) | +14.79% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 24.4% | 20.8%Best |
| Max Drawdown | -59.0% | -35.1%Best |
| $10,000 over 4.9 years | $8,945 | $19,599Best |
| Top 10 Weight | 47.2% | 46.5%Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 26, 2021 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Oct 27, 2021 to Sep 4, 2026 (4.9 years).
OND 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 4.9 years both funds cover.
OND vs QQQ Performance
Proshares On Demand ETF (OND) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OND returned -21.87% while QQQ returned +25.59%. Year to date, OND is down 16.31% versus a gain of 17.54% for QQQ.
Over three years, OND compounded at +14.79% per year against +24.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OND has been the more volatile fund, with annualized monthly volatility of 24.4% compared with 20.8% 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 -59.0% for OND and -35.1% 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 0.75. 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 0.44% for QQQ.
Holdings Overlap
19.4% of OND's money is in holdings QQQ also owns. 10.4% of QQQ's money is in holdings OND also owns.
OND and QQQ share little of their money.
4 positions in common, counted across the 27 positions we hold weights for in OND and 102 in QQQ, against full books of 27 and 107.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for OND (87.2% of the fund), and 7 for OND that do not appear in QQQ (23.3%).
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.
You are not choosing between two funds in isolation.
Whichever of OND and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $40 a year on a $10,000 investment.
Which performed better, OND or QQQ?
Over the past year OND returned -21.87% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OND or QQQ?
OND has been the more volatile fund at 24.4% annualized versus 20.8% for QQQ. Worst drawdown: OND -59.0% vs QQQ -35.1%.
Should I hold both OND and QQQ?
OND and QQQ have a monthly-return correlation of 0.75, 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 OND and QQQ?
19.4% of OND's money is in holdings QQQ also owns. 10.4% of QQQ's is in holdings OND also owns. They hold 4 positions in common, counted across the 27 positions we hold weights for in OND and 102 in QQQ.
Which pays a higher dividend, OND or QQQ?
OND yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than OND?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.