PDDL vs QQQ
GraniteShares 2x Long PDD Daily 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 | PDDL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.18% | |
| AUM | $9M | $496.3B | |
| Dividend Yield | 0.65% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -51.69% | +16.64% | |
| 1Y Return | -59.92% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 63.0% | 30.6% | |
| Max Drawdown | -76.1% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 15, 2025 | Mar 10, 1999 |
PDDL vs QQQ Performance
GraniteShares 2x Long PDD Daily ETF (PDDL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PDDL returned -59.92% while QQQ returned +27.27%. Year to date, PDDL is down 51.69% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
PDDL has been the more volatile fund, with annualized monthly volatility of 63.0% compared with 30.6% for QQQ. 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 -76.1% for PDDL 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 -0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDDL charges 1.50% per year while QQQ charges 0.18%. On a $10,000 position that is $150 vs $18 annually, a gap of $132 per year that compounds over a long holding period. On income, PDDL currently yields 0.65% against 0.44% for QQQ.
Holdings Overlap
PDDL and QQQ share 1 holdings out of 102 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PDDL | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 66.69% | 0.27% | 66.42% |
Frequently Asked Questions
Which is cheaper, PDDL or QQQ?
PDDL has an expense ratio of 1.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, PDDL or QQQ?
Over the past year PDDL returned -59.92% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), PDDL annualized -42.88% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PDDL or QQQ?
PDDL has been the more volatile fund at 63.0% annualized versus 30.6% for QQQ. Worst drawdown: PDDL -76.1% vs QQQ -83.0%.
Should I hold both PDDL and QQQ?
PDDL and QQQ have a monthly-return correlation of -0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDDL and QQQ?
PDDL and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, PDDL or QQQ?
PDDL yields 0.65% while QQQ yields 0.44%, so PDDL currently pays the higher dividend yield.
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