QQQ vs SEPW
Invesco QQQ Trust, Series 1 vs AllianzIM US Equity Buffer20 Sep 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 | SEPW | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.74% | |
| AUM | $496.3B | $101M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 5 | |
| YTD Return | +16.64% | +6.05% | |
| 1Y Return | +27.27% | +9.90% | |
| 3Y Return (annualized) | +25.96% | +10.61% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 5.1% | |
| Max Drawdown | -83.0% | -8.4% | |
| Fund Family | Invesco (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Sep 1, 2023 |
QQQ vs SEPW Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and AllianzIM US Equity Buffer20 Sep ETF (SEPW) is a ETF from AllianzIM. Over the past year QQQ returned +27.27% while SEPW returned +9.90%. Year to date, QQQ is up 16.64% versus a gain of 6.05% for SEPW.
Over three years, QQQ compounded at +25.96% per year against +10.61% for SEPW. Across the full 3-year window we track, QQQ has the edge at +13.03% annualized vs +10.61%. 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 5.1% for SEPW. 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 -8.4% for SEPW. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SEPW charges 0.74%. On a $10,000 position that is $18 vs $74 annually, a gap of $56 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for SEPW.
Frequently Asked Questions
Which is cheaper, QQQ or SEPW?
QQQ has an expense ratio of 0.18% while SEPW charges 0.74%. QQQ is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, QQQ or SEPW?
Over the past year QQQ returned +27.27% vs +9.90% for SEPW, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +10.61% for SEPW. Past performance does not guarantee future results.
Which is riskier, QQQ or SEPW?
QQQ has been the more volatile fund at 30.6% annualized versus 5.1% for SEPW. Worst drawdown: QQQ -83.0% vs SEPW -8.4%.
Should I hold both QQQ and SEPW?
QQQ and SEPW have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or SEPW?
QQQ yields 0.44% while SEPW yields 0.00%, so QQQ currently pays the higher dividend yield.
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