OPPJ vs QQQ
WisdomTree Japan Opportunities Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OPPJ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OPPJ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $286M | $496.3B | |
| Dividend Yield | 1.13% | 0.44% | |
| Holdings | 103 | 108 | |
| YTD Return | +22.65% | +16.64% | |
| 1Y Return | +47.19% | +27.27% | |
| 3Y Return (annualized) | +31.61% | +25.96% | |
| 5Y Return (annualized) | +25.19% | +14.54% | |
| Volatility (annualized) | 14.8% | 30.6% | |
| Max Drawdown | -41.7% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2013 | Mar 10, 1999 |
OPPJ vs QQQ Performance
WisdomTree Japan Opportunities Fund (OPPJ) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OPPJ returned +47.19% while QQQ returned +27.27%. Year to date, OPPJ is up 22.65% versus a gain of 16.64% for QQQ.
Over three years, OPPJ compounded at +31.61% per year against +25.96% for QQQ; over five years the annualized figures are +25.19% and +14.54% respectively. Across the full 13-year window we track, OPPJ has the edge at +13.09% annualized vs +13.03%. 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 14.8% for OPPJ. 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 -41.7% for OPPJ 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPPJ 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, OPPJ currently yields 1.13% against 0.44% for QQQ.
Holdings Overlap
OPPJ and QQQ share 0 holdings out of 190 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, OPPJ or QQQ?
OPPJ 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, OPPJ or QQQ?
Over the past year OPPJ returned +47.19% vs +27.27% for QQQ, so OPPJ leads on 1-year performance. Over the longest common window we track (13 years), OPPJ annualized +13.09% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, OPPJ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for OPPJ. Worst drawdown: OPPJ -41.7% vs QQQ -83.0%.
Should I hold both OPPJ and QQQ?
OPPJ and QQQ have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPPJ and QQQ?
OPPJ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 190 unique securities.
Which pays a higher dividend, OPPJ or QQQ?
OPPJ yields 1.13% while QQQ yields 0.44%, so OPPJ currently pays the higher dividend yield.
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