QQQ vs QQQP
Invesco QQQ Trust, Series 1 vs Tradr 2X Long Innovation 100 Quarterly ETF
Quick Verdict
QQQ has a lower expense ratio. QQQP delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | QQQP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $16M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 9 | |
| YTD Return | +16.64% | +24.23% | |
| 1Y Return | +27.27% | +43.16% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 37.1% | |
| Max Drawdown | -83.0% | -42.5% | |
| Fund Family | Invesco (US) | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Sep 30, 2024 |
QQQ vs QQQP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Tradr 2X Long Innovation 100 Quarterly ETF (QQQP) is a ETF from Tradr ETFs. Over the past year QQQ returned +27.27% while QQQP returned +43.16%. Year to date, QQQ is up 16.64% versus a gain of 24.23% for QQQP.
Risk: Volatility and Drawdowns
QQQP has been the more volatile fund, with annualized monthly volatility of 37.1% 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 -83.0% for QQQ and -42.5% for QQQP. 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 0.99. 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 0.95%. On a $10,000 position that is $18 vs $95 annually, a gap of $77 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for QQQP.
Holdings Overlap
QQQ and QQQP share 0 holdings out of 103 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, QQQ or QQQP?
QQQ has an expense ratio of 0.18% while QQQP charges 0.95%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, QQQ or QQQP?
Over the past year QQQ returned +27.27% vs +43.16% for QQQP, so QQQP leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +35.92% for QQQP. Past performance does not guarantee future results.
Which is riskier, QQQ or QQQP?
QQQP has been the more volatile fund at 37.1% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and QQQP?
QQQ and QQQP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
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.
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