QCML vs QQQ
GraniteShares 2x Long QCOM 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 | QCML | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.18% | |
| AUM | $54M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -29.81% | +19.52% | |
| 1Y Return | -20.29% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 121.6% | 30.6% | |
| Max Drawdown | -68.8% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2025 | Mar 10, 1999 |
QCML vs QQQ Performance
GraniteShares 2x Long QCOM Daily ETF (QCML) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QCML returned -20.29% while QQQ returned +26.68%. Year to date, QCML is down 29.81% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QCML has been the more volatile fund, with annualized monthly volatility of 121.6% 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 -68.8% for QCML 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QCML 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, QCML currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
QCML and QQQ share 1 holdings out of 102 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QCML | Weight in QQQ | Difference |
|---|---|---|---|
| QCOM | 66.70% | 0.73% | 65.97% |
Frequently Asked Questions
Which is cheaper, QCML or QQQ?
QCML 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, QCML or QQQ?
Over the past year QCML returned -20.29% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QCML annualized -29.08% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, QCML or QQQ?
QCML has been the more volatile fund at 121.6% annualized versus 30.6% for QQQ. Worst drawdown: QCML -68.8% vs QQQ -83.0%.
Should I hold both QCML and QQQ?
QCML and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QCML and QQQ?
QCML and QQQ share 1 common holdings with a 0.7% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, QCML or QQQ?
QCML yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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