QQQ vs RWM
Invesco QQQ Trust, Series 1 vs ProShares Short Russell2000
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 | RWM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $108M | |
| Dividend Yield | 0.44% | 3.74% | |
| Holdings | 108 | 10 | |
| YTD Return | +15.47% | -15.64% | |
| 1Y Return | +24.44% | -20.62% | |
| 3Y Return (annualized) | +25.47% | -13.49% | |
| 5Y Return (annualized) | +14.22% | -6.32% | |
| Volatility (annualized) | 30.6% | 20.9% | |
| Max Drawdown | -83.0% | -96.9% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jan 23, 2007 |
QQQ vs RWM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares Short Russell2000 (RWM) is a ETF from ProShares. Over the past year QQQ returned +24.44% while RWM returned -20.62%. Year to date, QQQ is up 15.47% versus a loss of 15.64% for RWM.
Over three years, QQQ compounded at +25.47% per year against -13.49% for RWM; over five years the annualized figures are +14.22% and -6.32% respectively. Across the full 20-year window we track, QQQ has the edge at +12.99% annualized vs -13.76%. 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 20.9% for RWM. 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 -96.9% for RWM. 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 -0.74. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RWM 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 3.74% for RWM.
Holdings Overlap
QQQ and RWM 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 RWM?
QQQ has an expense ratio of 0.18% while RWM 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 RWM?
Over the past year QQQ returned +24.44% vs -20.62% for RWM, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +12.99% vs -13.76% for RWM. Past performance does not guarantee future results.
Which is riskier, QQQ or RWM?
QQQ has been the more volatile fund at 30.6% annualized versus 20.9% for RWM. Worst drawdown: QQQ -83.0% vs RWM -96.9%.
Should I hold both QQQ and RWM?
QQQ and RWM have a monthly-return correlation of -0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RWM?
QQQ and RWM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or RWM?
QQQ yields 0.44% while RWM yields 3.74%, so RWM currently pays the higher dividend yield.
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