OPPE vs QQQ
WisdomTree European Opportunities Fund vs Invesco QQQ Trust, Series 1
Which is better, OPPE or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. OPPE is less concentrated, with 22.6% 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 | OPPE | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $290M | $498.6B |
| Dividend Yield | 2.54% | 0.42% |
| Holdings | 108 | 321 |
| YTD Return | +12.50% | +21.44%Best |
| 1Y Return | +18.86% | +23.58%Best |
| 3Y Return (annualized) | +24.48% | +27.86%Best |
| 5Y Return (annualized) | +13.93% | +16.25%Best |
| Volatility (annualized) | 16.2%Best | 18.6% |
| Max Drawdown | -39.3% | -35.1%Best |
| $10,000 over 5 years | $19,195 | $21,231Best |
| Top 10 Weight | 22.6%Best | 47.2% |
| Fund Family | WisdomTree Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Mar 4, 2015 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 4, 2015 to Oct 1, 2026 (11.6 years).
OPPE 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 11.6 years both funds cover.
OPPE vs QQQ Performance
WisdomTree European Opportunities Fund (OPPE) is an ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OPPE returned +18.86% while QQQ returned +23.58%. Year to date, OPPE is up 12.50% versus a gain of 21.44% for QQQ.
Over three years, OPPE compounded at +24.48% per year against +27.86% for QQQ; over five years the annualized figures are +13.93% and +16.25% respectively. Across the full 12-year window we track, QQQ has the edge at +18.41% annualized vs +9.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 16.2% 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 -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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OPPE 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, OPPE currently yields 2.54% against 0.42% for QQQ.
Holdings Overlap
1.1% of OPPE's money is in holdings QQQ also owns. 0.2% of QQQ's money is in holdings OPPE also owns.
OPPE and QQQ share little of their money.
1 positions in common, counted across the 87 positions we hold weights for in OPPE and 102 in QQQ, against full books of 108 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for OPPE (97.8% of the fund), and 12 for OPPE that do not appear in QQQ (11.7%).
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.
Top Shared Holdings
| Stock | Weight in OPPE | Weight in QQQ | Difference |
|---|---|---|---|
| CCEP:LNCoca-Cola Europacific Partne | 1.10% | 0.20% | 0.90% |
You are not choosing between two funds in isolation.
Whichever of OPPE 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, OPPE or QQQ?
OPPE 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, OPPE or QQQ?
Over the past year OPPE returned +18.86% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), OPPE annualized +9.27% vs +18.41% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OPPE or QQQ?
QQQ has been the more volatile fund at 18.6% annualized versus 16.2% for OPPE. Worst drawdown: OPPE -39.3% vs QQQ -35.1%.
Should I hold both OPPE and QQQ?
OPPE and QQQ have a monthly-return correlation of 0.63, 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 OPPE and QQQ?
1.1% of OPPE's money is in holdings QQQ also owns. 0.2% of QQQ's is in holdings OPPE also owns. They hold 1 positions in common, counted across the 87 positions we hold weights for in OPPE and 102 in QQQ.
Which pays a higher dividend, OPPE or QQQ?
OPPE yields 2.54% while QQQ yields 0.42%, so OPPE currently pays the higher dividend yield.
Is QQQ better than OPPE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. OPPE is less concentrated, with 22.6% 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.