QQQ vs QUP
Invesco QQQ Trust, Series 1 vs DailyDelta Q100 Upside Option Strategy ETF
Which is better, QQQ or QUP?
Large Cap Growth against Multi Alternative.
QQQ has a lower expense ratio.
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 | QUP |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.35% |
| AUM | $483.5B | $392,458.08 |
| Dividend Yield | 0.44% | 0.65% |
| Holdings | 107 | 4 |
| Fund Family | Invesco (US) | Daily Delta |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | Mar 10, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 291 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Sep 18, 2026 and QUP through Dec 1, 2025.
Fees and Cost Over Time
QQQ charges 0.18% per year while QUP charges 1.35%. On a $10,000 position that is $18 vs $135 annually, a gap of $117 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.65% for QUP.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 1 in QUP, totalling 99.9% and 2.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 309 days apart, QQQ as of Aug 5, 2026 and QUP as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 1 in QUP, against full books of 107 and 4.
You are not choosing between two funds in isolation.
Whichever of QQQ and QUP 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 QUP?
QQQ has an expense ratio of 0.18% while QUP charges 1.35%. QQQ is the cheaper option, by $117 a year on a $10,000 investment.
Which pays a higher dividend, QQQ or QUP?
QQQ yields 0.44% while QUP yields 0.65%, so QUP currently pays the higher dividend yield.
Is QUP better than QQQ?
QQQ has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.