ONLN vs QQQ
ProShares Online Retail 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 | ONLN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $65M | $496.3B | |
| Dividend Yield | 0.28% | 0.44% | |
| Holdings | 23 | 108 | |
| YTD Return | -0.39% | +19.52% | |
| 1Y Return | +3.56% | +26.68% | |
| 3Y Return (annualized) | +21.01% | +26.64% | |
| 5Y Return (annualized) | -3.12% | +15.36% | |
| Volatility (annualized) | 30.9% | 30.6% | |
| Max Drawdown | -71.8% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2018 | Mar 10, 1999 |
ONLN vs QQQ Performance
ProShares Online Retail ETF (ONLN) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ONLN returned +3.56% while QQQ returned +26.68%. Year to date, ONLN is down 0.39% versus a gain of 19.52% for QQQ.
Over three years, ONLN compounded at +21.01% per year against +26.64% for QQQ; over five years the annualized figures are -3.12% and +15.36% respectively. Across the full 8-year window we track, QQQ has the edge at +13.14% annualized vs +5.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONLN has been the more volatile fund, with annualized monthly volatility of 30.9% compared with 30.6% 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 -71.8% for ONLN 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONLN 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, ONLN currently yields 0.28% against 0.44% for QQQ.
Holdings Overlap
ONLN and QQQ share 3 holdings out of 121 unique holdings combined, representing a 5.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ONLN or QQQ?
ONLN 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, ONLN or QQQ?
Over the past year ONLN returned +3.56% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), ONLN annualized +5.05% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, ONLN or QQQ?
ONLN has been the more volatile fund at 30.9% annualized versus 30.6% for QQQ. Worst drawdown: ONLN -71.8% vs QQQ -83.0%.
Should I hold both ONLN and QQQ?
ONLN and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ONLN and QQQ?
ONLN and QQQ share 3 common holdings with a 5.4% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, ONLN or QQQ?
ONLN yields 0.28% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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