QQQ vs QYLG
Invesco QQQ Trust, Series 1 vs Global X Nasdaq 100 Covered Call & Growth ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | QYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $169M | |
| Dividend Yield | 0.44% | 17.67% | |
| Holdings | 108 | 106 | |
| YTD Return | +16.19% | +13.22% | |
| 1Y Return | +25.22% | +23.36% | |
| 3Y Return (annualized) | +25.47% | +19.91% | |
| 5Y Return (annualized) | +14.34% | +11.01% | |
| Volatility (annualized) | 30.6% | 15.3% | |
| Max Drawdown | -83.0% | -30.0% | |
| Fund Family | Invesco (US) | GLOBALXETFS | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 18, 2020 |
QQQ vs QYLG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is a ETF from GLOBALXETFS. Over the past year QQQ returned +25.22% while QYLG returned +23.36%. Year to date, QQQ is up 16.19% versus a gain of 13.22% for QYLG.
Over three years, QQQ compounded at +25.47% per year against +19.91% for QYLG; over five years the annualized figures are +14.34% and +11.01% respectively. Across the full 6-year window we track, QYLG has the edge at +13.62% annualized vs +13.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for QYLG. 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 -30.0% for QYLG. 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 0.98. 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 QYLG charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 17.67% for QYLG.
Holdings Overlap
QQQ and QYLG share 99 holdings out of 106 unique holdings combined, representing a 95.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QQQ or QYLG?
QQQ has an expense ratio of 0.18% while QYLG charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or QYLG?
Over the past year QQQ returned +25.22% vs +23.36% for QYLG, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.01% vs +13.62% for QYLG. Past performance does not guarantee future results.
Which is riskier, QQQ or QYLG?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for QYLG. Worst drawdown: QQQ -83.0% vs QYLG -30.0%.
Should I hold both QQQ and QYLG?
QQQ and QYLG have a monthly-return correlation of 0.98, 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 QYLG?
QQQ and QYLG share 99 common holdings with a 95.6% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, QQQ or QYLG?
QQQ yields 0.44% while QYLG yields 17.67%, so QYLG currently pays the higher dividend yield.
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