QQQ vs RYLD
Invesco QQQ Trust, Series 1 vs Global X Russell 2000 Covered Call ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | RYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.60% | |
| AUM | $455.8B | $1.4B | |
| Dividend Yield | 0.41% | 11.57% | |
| Holdings | 108 | 12 | |
| YTD Return | +17.46% | +13.63% | |
| 1Y Return | +26.02% | +24.48% | |
| 3Y Return (annualized) | +25.51% | +8.96% | |
| 5Y Return (annualized) | +15.12% | +3.13% | |
| Volatility (annualized) | 30.6% | 14.8% | |
| Max Drawdown | -83.0% | -42.5% | |
| Fund Family | Invesco (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 17, 2019 |
QQQ vs RYLD Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Global X Russell 2000 Covered Call ETF (RYLD) is a ETF from Global X by mirae Asset. Over the past year QQQ returned +26.02% while RYLD returned +24.48%. Year to date, QQQ is up 17.46% versus a gain of 13.63% for RYLD.
Over three years, QQQ compounded at +25.51% per year against +8.96% for RYLD; over five years the annualized figures are +15.12% and +3.13% respectively. Across the full 7-year window we track, QQQ has the edge at +13.08% annualized vs +3.20%. 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 14.8% for RYLD. 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 RYLD. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RYLD 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 0.41% against 11.57% for RYLD.
Holdings Overlap
QQQ and RYLD share 0 holdings out of 109 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 RYLD?
QQQ has an expense ratio of 0.18% while RYLD charges 0.60%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, QQQ or RYLD?
Over the past year QQQ returned +26.02% vs +24.48% for RYLD, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +13.08% vs +3.20% for RYLD. Past performance does not guarantee future results.
Which is riskier, QQQ or RYLD?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for RYLD. Worst drawdown: QQQ -83.0% vs RYLD -42.5%.
Should I hold both QQQ and RYLD?
QQQ and RYLD have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RYLD?
QQQ and RYLD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, QQQ or RYLD?
QQQ yields 0.41% while RYLD yields 11.57%, so RYLD currently pays the higher dividend yield.
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