OPPE vs QQQ
WisdomTree European Opportunities Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OPPE delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | OPPE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.81% | 0.18% | |
| AUM | $285M | $455.8B | |
| Dividend Yield | 2.74% | 0.41% | |
| Holdings | 105 | 108 | |
| YTD Return | +18.27% | +17.46% | |
| 1Y Return | +29.49% | +26.02% | |
| 3Y Return (annualized) | +24.96% | +25.51% | |
| 5Y Return (annualized) | +14.41% | +15.12% | |
| Volatility (annualized) | 16.3% | 30.6% | |
| Max Drawdown | -39.3% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2015 | Mar 10, 1999 |
OPPE vs QQQ Performance
WisdomTree European Opportunities Fund (OPPE) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OPPE returned +29.49% while QQQ returned +26.02%. Year to date, OPPE is up 18.27% versus a gain of 17.46% for QQQ.
Over three years, OPPE compounded at +24.96% per year against +25.51% for QQQ; over five years the annualized figures are +14.41% and +15.12% respectively. Across the full 11-year window we track, QQQ has the edge at +13.08% annualized vs +9.86%. 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 16.3% for OPPE. 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 -39.3% for OPPE 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPPE charges 0.81% per year while QQQ charges 0.18%. On a $10,000 position that is $81 vs $18 annually, a gap of $63 per year that compounds over a long holding period. On income, OPPE currently yields 2.74% against 0.41% for QQQ.
Holdings Overlap
OPPE and QQQ share 0 holdings out of 191 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, OPPE or QQQ?
OPPE has an expense ratio of 0.81% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, OPPE or QQQ?
Over the past year OPPE returned +29.49% vs +26.02% for QQQ, so OPPE leads on 1-year performance. Over the longest common window we track (11 years), OPPE annualized +9.86% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, OPPE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.3% for OPPE. Worst drawdown: OPPE -39.3% vs QQQ -83.0%.
Should I hold both OPPE and QQQ?
OPPE and QQQ have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPPE and QQQ?
OPPE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, OPPE or QQQ?
OPPE yields 2.74% while QQQ yields 0.41%, so OPPE currently pays the higher dividend yield.
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