OOTO vs QQQ
Direxion Daily Travel & Vacation Bull 2X vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OOTO delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OOTO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 1.27% | 0.44% | |
| Holdings | 54 | 108 | |
| YTD Return | +1.71% | +16.64% | |
| 1Y Return | +42.54% | +27.27% | |
| 3Y Return (annualized) | +22.56% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 51.9% | 30.6% | |
| Max Drawdown | -66.9% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 10, 2021 | Mar 10, 1999 |
OOTO vs QQQ Performance
Direxion Daily Travel & Vacation Bull 2X (OOTO) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OOTO returned +42.54% while QQQ returned +27.27%. Year to date, OOTO is up 1.71% versus a gain of 16.64% for QQQ.
Over three years, OOTO compounded at +22.56% per year against +25.96% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.03% annualized vs -6.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OOTO has been the more volatile fund, with annualized monthly volatility of 51.9% 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 -66.9% for OOTO 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OOTO charges 1.07% per year while QQQ charges 0.18%. On a $10,000 position that is $107 vs $18 annually, a gap of $89 per year that compounds over a long holding period. On income, OOTO currently yields 1.27% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, OOTO or QQQ?
OOTO has an expense ratio of 1.07% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, OOTO or QQQ?
Over the past year OOTO returned +42.54% vs +27.27% for QQQ, so OOTO leads on 1-year performance. Over the longest common window we track (4 years), OOTO annualized -6.08% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, OOTO or QQQ?
OOTO has been the more volatile fund at 51.9% annualized versus 30.6% for QQQ. Worst drawdown: OOTO -66.9% vs QQQ -83.0%.
Should I hold both OOTO and QQQ?
OOTO and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OOTO or QQQ?
OOTO yields 1.27% while QQQ yields 0.44%, so OOTO currently pays the higher dividend yield.
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