OPER vs QQQ
Clearshares Ultra-Short Maturity 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 103 holdings.
Side-by-Side Comparison
| Metric | OPER | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $105M | $455.8B | |
| Dividend Yield | 4.36% | 0.41% | |
| Holdings | 5 | 108 | |
| YTD Return | +2.24% | +17.85% | |
| 1Y Return | +3.93% | +26.45% | |
| 3Y Return (annualized) | +4.53% | +26.07% | |
| 5Y Return (annualized) | +3.68% | +15.16% | |
| Volatility (annualized) | 0.8% | 30.6% | |
| Max Drawdown | -3.0% | -83.0% | |
| Fund Family | ClearShares ETFs | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 10, 2018 | Mar 10, 1999 |
OPER vs QQQ Performance
Clearshares Ultra-Short Maturity ETF (OPER) is a ETF from ClearShares ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OPER returned +3.93% while QQQ returned +26.45%. Year to date, OPER is up 2.24% versus a gain of 17.85% for QQQ.
Over three years, OPER compounded at +4.53% per year against +26.07% for QQQ; over five years the annualized figures are +3.68% and +15.16% respectively. Across the full 8-year window we track, QQQ has the edge at +13.09% annualized vs +2.30%. 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 0.8% for OPER. 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 -3.0% for OPER 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPER charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, OPER currently yields 4.36% against 0.41% for QQQ.
Holdings Overlap
OPER and QQQ share 0 holdings out of 104 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, OPER or QQQ?
OPER has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, OPER or QQQ?
Over the past year OPER returned +3.93% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), OPER annualized +2.30% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, OPER or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.8% for OPER. Worst drawdown: OPER -3.0% vs QQQ -83.0%.
Should I hold both OPER and QQQ?
OPER and QQQ have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPER and QQQ?
OPER and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, OPER or QQQ?
OPER yields 4.36% while QQQ yields 0.41%, so OPER currently pays the higher dividend yield.
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