OZEM vs QQQ
Roundhill GLP-1 & Weight Loss ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OZEM delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OZEM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $65M | $496.3B | |
| Dividend Yield | 1.29% | 0.44% | |
| Holdings | 27 | 108 | |
| YTD Return | -1.74% | +16.23% | |
| 1Y Return | +35.39% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 20.1% | 30.6% | |
| Max Drawdown | -28.6% | -83.0% | |
| Fund Family | Roundhill Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 21, 2024 | Mar 10, 1999 |
OZEM vs QQQ Performance
Roundhill GLP-1 & Weight Loss ETF (OZEM) is a ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OZEM returned +35.39% while QQQ returned +26.23%. Year to date, OZEM is down 1.74% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.1% for OZEM. 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 -28.6% for OZEM 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OZEM charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, OZEM currently yields 1.29% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, OZEM or QQQ?
OZEM has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, OZEM or QQQ?
Over the past year OZEM returned +35.39% vs +26.23% for QQQ, so OZEM leads on 1-year performance. Over the longest common window we track (2 years), OZEM annualized +14.23% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, OZEM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.1% for OZEM. Worst drawdown: OZEM -28.6% vs QQQ -83.0%.
Should I hold both OZEM and QQQ?
OZEM and QQQ have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OZEM and QQQ?
OZEM and QQQ share 2 common holdings with a 1.7% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, OZEM or QQQ?
OZEM yields 1.29% while QQQ yields 0.44%, so OZEM currently pays the higher dividend yield.
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