QQQ vs QQQH
Invesco QQQ Trust, Series 1 vs NEOS Nasdaq-100 Hedged Equity Income ETF
Which is better, QQQ or QQQH?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 47.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | QQQH |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.68% |
| AUM | $498.6B | $397M |
| Dividend Yield | 0.42% | 9.72% |
| Holdings | 321 | 211 |
| YTD Return | +22.35%Best | +10.44% |
| 1Y Return | +22.84%Best | +11.42% |
| 3Y Return (annualized) | +27.55%Best | +21.01% |
| 5Y Return (annualized) | +16.36%Best | +9.29% |
| Volatility (annualized) | 20.8% | 13.0%Best |
| Max Drawdown | -35.1% | -31.2%Best |
| $10,000 over 5 years | $21,331Best | $15,592 |
| Top 10 Weight | 47.2%Best | 47.3% |
| Fund Family | Invesco (US) | NEOS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Nov 8, 2024 |
Volatility and max drawdown are measured over the window both funds cover: Dec 20, 2019 to Oct 8, 2026 (6.8 years).
QQQ vs QQQH growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
QQQ vs QQQH Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is an ETF from NEOS. Over the past year QQQ returned +22.84% while QQQH returned +11.42%. Year to date, QQQ is up 22.35% versus a gain of 10.44% for QQQH.
Over three years, QQQ compounded at +27.55% per year against +21.01% for QQQH; over five years the annualized figures are +16.36% and +9.29% respectively. Across the full 7-year window we track, QQQ has the edge at +20.98% annualized vs +8.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 13.0% for QQQH. 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 -35.1% for QQQ and -31.2% for QQQH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while QQQH charges 0.68%. On a $10,000 position that is $18 vs $68 annually, a gap of $50 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 9.72% for QQQH.
Holdings Overlap
97.7% of QQQ's money is in holdings QQQH also owns. 97.8% of QQQH's money is in holdings QQQ also owns.
Most of QQQH is already inside QQQ. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QQQH, against full books of 321 and 211.
What only one of them owns
Our book lists 2 positions for QQQH that do not appear in our book for QQQ (0.4% of the fund), and 2 for QQQ that do not appear in QQQH (1.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QQQH | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 8.25% | 0.20% |
| AAPLApple, Inc | 7.80% | 7.93% | 0.13% |
| MSFTMicrosoft Corp | 5.88% | 5.99% | 0.11% |
| MUMicron Technology, Inc. | 4.85% | 4.67% | 0.18% |
| AMZNAmazon.Com Inc | 4.41% | 4.44% | 0.03% |
| AMDAdvanced Micro Devices Inc | 3.71% | 3.61% | 0.10% |
| GOOGLAlphabet Inc,class A | 3.15% | 3.29% | 0.14% |
| METAMeta Platforms Inc | 3.07% | 3.14% | 0.07% |
| GOOGAlphabet Inc. C | 2.93% | 3.05% | 0.12% |
| TSLATesla Inc | 2.92% | 2.88% | 0.04% |
97.8% of QQQH is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or QQQH?
QQQ has an expense ratio of 0.18% while QQQH charges 0.68%. QQQ is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, QQQ or QQQH?
Over the past year QQQ returned +22.84% vs +11.42% for QQQH, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +20.98% vs +8.91% for QQQH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QQQH?
QQQ has been the more volatile fund at 20.8% annualized versus 13.0% for QQQH. Worst drawdown: QQQ -35.1% vs QQQH -31.2%.
Should I hold both QQQ and QQQH?
QQQ and QQQH have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and QQQH?
97.8% of QQQH's money is in holdings QQQ also owns. 97.8% of QQQH's is in holdings QQQ also owns. They hold 97 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QQQH.
Which pays a higher dividend, QQQ or QQQH?
QQQ yields 0.42% while QQQH yields 9.72%, so QQQH currently pays the higher dividend yield.
Is QQQH better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 47.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.