QDCC vs QQQ
Global X S&P 500 Quality Dividend Covered Call 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 103 holdings.
Side-by-Side Comparison
| Metric | QDCC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $2M | $455.8B | |
| Dividend Yield | 10.87% | 0.41% | |
| Holdings | 4 | 108 | |
| YTD Return | +0.88% | +19.68% | |
| 1Y Return | +4.49% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 7.8% | 30.6% | |
| Max Drawdown | -13.9% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 7, 2024 | Mar 10, 1999 |
QDCC vs QQQ Performance
Global X S&P 500 Quality Dividend Covered Call ETF (QDCC) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QDCC returned +4.49% while QQQ returned +26.75%. Year to date, QDCC is up 0.88% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.8% for QDCC. 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 -13.9% for QDCC 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QDCC charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, QDCC currently yields 10.87% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, QDCC or QQQ?
QDCC has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QDCC or QQQ?
Over the past year QDCC returned +4.49% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QDCC annualized +5.65% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, QDCC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.8% for QDCC. Worst drawdown: QDCC -13.9% vs QQQ -83.0%.
Should I hold both QDCC and QQQ?
QDCC and QQQ have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QDCC or QQQ?
QDCC yields 10.87% while QQQ yields 0.41%, so QDCC currently pays the higher dividend yield.
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