QQQ vs SHDG
Invesco QQQ Trust, Series 1 vs Soundwatch Hedged Equity 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 | SHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.91% | |
| AUM | $496.3B | $166M | |
| Dividend Yield | 0.44% | 0.49% | |
| Holdings | 108 | 8 | |
| YTD Return | +16.64% | +3.32% | |
| 1Y Return | +27.27% | +9.26% | |
| 3Y Return (annualized) | +25.96% | +12.66% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 9.7% | |
| Max Drawdown | -83.0% | -15.8% | |
| Fund Family | Invesco (US) | Trust For Advised Portfolios | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Oct 24, 2022 |
QQQ vs SHDG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Soundwatch Hedged Equity ETF (SHDG) is a ETF from Trust For Advised Portfolios. Over the past year QQQ returned +27.27% while SHDG returned +9.26%. Year to date, QQQ is up 16.64% versus a gain of 3.32% for SHDG.
Over three years, QQQ compounded at +25.96% per year against +12.66% for SHDG. Across the full 4-year window we track, SHDG has the edge at +14.15% annualized vs +13.03%. 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 9.7% for SHDG. 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 -15.8% for SHDG. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SHDG charges 0.91%. On a $10,000 position that is $18 vs $91 annually, a gap of $73 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.49% for SHDG.
Holdings Overlap
QQQ and SHDG share 0 holdings out of 104 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 SHDG?
QQQ has an expense ratio of 0.18% while SHDG charges 0.91%. QQQ is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, QQQ or SHDG?
Over the past year QQQ returned +27.27% vs +9.26% for SHDG, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.03% vs +14.15% for SHDG. Past performance does not guarantee future results.
Which is riskier, QQQ or SHDG?
QQQ has been the more volatile fund at 30.6% annualized versus 9.7% for SHDG. Worst drawdown: QQQ -83.0% vs SHDG -15.8%.
Should I hold both QQQ and SHDG?
QQQ and SHDG have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SHDG?
QQQ and SHDG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or SHDG?
QQQ yields 0.44% while SHDG yields 0.49%, so SHDG currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.