PSP vs QQQ
Invesco Global Listed Private Equity 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 | PSP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.80% | 0.18% | |
| AUM | $252M | $496.3B | |
| Dividend Yield | 5.98% | 0.44% | |
| Holdings | 75 | 108 | |
| YTD Return | -4.01% | +16.64% | |
| 1Y Return | -4.34% | +27.27% | |
| 3Y Return (annualized) | +13.58% | +25.96% | |
| 5Y Return (annualized) | +1.00% | +14.54% | |
| Volatility (annualized) | 25.3% | 30.6% | |
| Max Drawdown | -87.1% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2006 | Mar 10, 1999 |
PSP vs QQQ Performance
Invesco Global Listed Private Equity ETF (PSP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PSP returned -4.34% while QQQ returned +27.27%. Year to date, PSP is down 4.01% versus a gain of 16.64% for QQQ.
Over three years, PSP compounded at +13.58% per year against +25.96% for QQQ; over five years the annualized figures are +1.00% and +14.54% respectively. Across the full 20-year window we track, QQQ has the edge at +13.03% annualized vs -1.77%. 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 25.3% for PSP. 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 -87.1% for PSP 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSP charges 1.80% per year while QQQ charges 0.18%. On a $10,000 position that is $180 vs $18 annually, a gap of $162 per year that compounds over a long holding period. On income, PSP currently yields 5.98% against 0.44% for QQQ.
Holdings Overlap
PSP and QQQ share 0 holdings out of 166 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, PSP or QQQ?
PSP has an expense ratio of 1.80% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $162 per year of difference.
Which performed better, PSP or QQQ?
Over the past year PSP returned -4.34% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), PSP annualized -1.77% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PSP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.3% for PSP. Worst drawdown: PSP -87.1% vs QQQ -83.0%.
Should I hold both PSP and QQQ?
PSP and QQQ have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSP and QQQ?
PSP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 166 unique securities.
Which pays a higher dividend, PSP or QQQ?
PSP yields 5.98% while QQQ yields 0.44%, so PSP currently pays the higher dividend yield.
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