QQQ vs QQQP
Invesco QQQ Trust, Series 1 vs Tradr 2X Long Innovation 100 Quarterly ETF
Which is better, QQQ or QQQP?
Large Cap Growth against Leverage Strategy.
QQQ has a lower expense ratio. QQQP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | QQQP |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.00% |
| AUM | $483.5B | $12M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 107 | 9 |
| YTD Return | +17.21% | +24.78%Best |
| 1Y Return | +22.10% | +32.23%Best |
| 3Y Return (annualized) | +25.27% | - |
| 5Y Return (annualized) | +14.60% | - |
| Volatility (annualized) | 18.9%Best | 36.4% |
| Max Drawdown | -22.8%Best | -42.5% |
| $10,000 over 2 years | $15,156 | $18,133Best |
| Fund Family | Invesco (US) | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Leverage Strategy |
| Inception | Mar 10, 1999 | Sep 30, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Sep 17, 2026 (2 years).
QQQ vs QQQP 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 2 years both funds cover.
QQQ vs QQQP Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Tradr 2X Long Innovation 100 Quarterly ETF (QQQP) is an ETF from Tradr ETFs. Over the past year QQQ returned +22.10% while QQQP returned +32.23%. Year to date, QQQ is up 17.21% versus a gain of 24.78% for QQQP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQP has been the more volatile fund, with annualized monthly volatility of 36.4% compared with 18.9% 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 -22.8% for QQQ and -42.5% for QQQP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while QQQP charges 1.00%. On a $10,000 position that is $18 vs $100 annually, a gap of $82 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for QQQP.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 1 in QQQP, totalling 99.9% and 56.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 1 in QQQP, against full books of 107 and 9.
You are not choosing between two funds in isolation.
Whichever of QQQ and QQQP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or QQQP?
QQQ has an expense ratio of 0.18% while QQQP charges 1.00%. QQQ is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, QQQ or QQQP?
Over the past year QQQ returned +22.10% vs +32.23% for QQQP, so QQQP leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +23.11% vs +34.66% for QQQP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QQQP?
QQQP has been the more volatile fund at 36.4% annualized versus 18.9% for QQQ. Worst drawdown: QQQ -22.8% vs QQQP -42.5%.
Should I hold both QQQ and QQQP?
QQQ and QQQP have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, QQQ or QQQP?
QQQ yields 0.44% while QQQP yields 0.00%, so QQQ currently pays the higher dividend yield.
Is QQQP better than QQQ?
QQQ has a lower expense ratio. QQQP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.