QQQ vs QYLD
Invesco QQQ Trust, Series 1 vs Global X NASDAQ 100 Covered Call ETF
Which is better, QQQ or QYLD?
Large Cap Growth against Multi Alternative.
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 47.7%.
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 | QYLD |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.60% |
| AUM | $498.6B | $8.5B |
| Dividend Yield | 0.42% | 11.62% |
| Holdings | 321 | 209 |
| YTD Return | +22.95%Best | +15.65% |
| 1Y Return | +23.60%Best | +22.88% |
| 3Y Return (annualized) | +27.53%Best | +16.22% |
| 5Y Return (annualized) | +16.67%Best | +9.41% |
| Volatility (annualized) | 18.1% | 11.0%Best |
| Max Drawdown | -35.1% | -30.7%Best |
| $10,000 over 5 years | $21,617Best | $15,678 |
| Top 10 Weight | 47.2%Best | 47.7% |
| Fund Family | Invesco (US) | Global X by mirae Asset |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | Dec 11, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Dec 12, 2013 to Oct 9, 2026 (12.8 years).
QQQ vs QYLD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs QYLD Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Global X NASDAQ 100 Covered Call ETF (QYLD) is an ETF from Global X by mirae Asset. Over the past year QQQ returned +23.60% while QYLD returned +22.88%. Year to date, QQQ is up 22.95% versus a gain of 15.65% for QYLD.
Over three years, QQQ compounded at +27.53% per year against +16.22% for QYLD; over five years the annualized figures are +16.67% and +9.41% respectively. Across the full 13-year window we track, QQQ has the edge at +18.84% annualized vs +3.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 11.0% for QYLD. 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 -30.7% for QYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while QYLD charges 0.60%. On a $10,000 position that is $18 vs $60 annually, a gap of $42 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 11.62% for QYLD.
Holdings Overlap
98.9% of QQQ's money is in holdings QYLD also owns. 99.9% of QYLD's money is in holdings QQQ also owns.
Most of QYLD is already inside QQQ. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QYLD, against full books of 321 and 209.
What only one of them owns
Our book lists 0 positions for QYLD that do not appear in our book for QQQ (0.0% of the fund), and 1 for QQQ that do not appear in QYLD (0.1%).
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 QYLD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 8.55% | 0.10% |
| AAPLApple, Inc | 7.80% | 7.89% | 0.09% |
| MSFTMicrosoft Corp | 5.88% | 5.96% | 0.08% |
| MUMicron Technology, Inc. | 4.85% | 4.91% | 0.06% |
| AMZNAmazon.Com Inc | 4.41% | 4.47% | 0.06% |
| AMDAdvanced Micro Devices Inc | 3.71% | 3.76% | 0.05% |
| GOOGLAlphabet Inc,class A | 3.15% | 3.19% | 0.04% |
| METAMeta Platforms Inc | 3.07% | 3.10% | 0.03% |
| GOOGAlphabet Inc. C | 2.93% | 2.96% | 0.03% |
| TSLATesla Inc | 2.92% | 2.95% | 0.03% |
99.9% of QYLD 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 QYLD?
QQQ has an expense ratio of 0.18% while QYLD charges 0.60%. QQQ is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, QQQ or QYLD?
Over the past year QQQ returned +23.60% vs +22.88% for QYLD, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), QQQ annualized +18.84% vs +3.17% for QYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QYLD?
QQQ has been the more volatile fund at 18.1% annualized versus 11.0% for QYLD. Worst drawdown: QQQ -35.1% vs QYLD -30.7%.
Should I hold both QQQ and QYLD?
QQQ and QYLD have a monthly-return correlation of 0.84, 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 QYLD?
99.9% of QYLD's money is in holdings QQQ also owns. 99.9% of QYLD's is in holdings QQQ also owns. They hold 99 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QYLD.
Which pays a higher dividend, QQQ or QYLD?
QQQ yields 0.42% while QYLD yields 11.62%, so QYLD currently pays the higher dividend yield.
Is QYLD 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 47.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.