PAWZ vs QQQ
Proshares Pet Care 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 108 holdings.
Side-by-Side Comparison
| Metric | PAWZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $34M | $496.3B | |
| Dividend Yield | 0.69% | 0.44% | |
| Holdings | 28 | 108 | |
| YTD Return | -3.15% | +16.30% | |
| 1Y Return | -8.58% | +24.83% | |
| 3Y Return (annualized) | +2.52% | +25.48% | |
| 5Y Return (annualized) | -7.96% | +14.50% | |
| Volatility (annualized) | 21.8% | 30.6% | |
| Max Drawdown | -50.1% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2018 | Mar 10, 1999 |
PAWZ vs QQQ Performance
Proshares Pet Care ETF (PAWZ) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PAWZ returned -8.58% while QQQ returned +24.83%. Year to date, PAWZ is down 3.15% versus a gain of 16.30% for QQQ.
Over three years, PAWZ compounded at +2.52% per year against +25.48% for QQQ; over five years the annualized figures are -7.96% and +14.50% respectively. Across the full 8-year window we track, QQQ has the edge at +13.01% annualized vs +3.99%. 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 21.8% for PAWZ. 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 -50.1% for PAWZ 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PAWZ charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, PAWZ currently yields 0.69% against 0.44% for QQQ.
Holdings Overlap
PAWZ and QQQ share 1 holdings out of 128 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PAWZ | Weight in QQQ | Difference |
|---|---|---|---|
| IDXX | 9.85% | 0.20% | 9.65% |
Frequently Asked Questions
Which is cheaper, PAWZ or QQQ?
PAWZ has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, PAWZ or QQQ?
Over the past year PAWZ returned -8.58% vs +24.83% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), PAWZ annualized +3.99% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, PAWZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.8% for PAWZ. Worst drawdown: PAWZ -50.1% vs QQQ -83.0%.
Should I hold both PAWZ and QQQ?
PAWZ and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAWZ and QQQ?
PAWZ and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 128 unique securities.
Which pays a higher dividend, PAWZ or QQQ?
PAWZ yields 0.69% while QQQ yields 0.44%, so PAWZ currently pays the higher dividend yield.
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