QQQ vs SHPU
Invesco QQQ Trust, Series 1 vs Direxion Daily SHOP Bull 2X 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 | SHPU | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.09% | |
| AUM | $496.3B | $15M | |
| Dividend Yield | 0.44% | 52.93% | |
| Holdings | 108 | 10 | |
| YTD Return | +16.64% | -33.34% | |
| 1Y Return | +27.27% | -19.81% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 85.3% | |
| Max Drawdown | -83.0% | -77.7% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 6, 2025 |
QQQ vs SHPU Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily SHOP Bull 2X ETF (SHPU) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +27.27% while SHPU returned -19.81%. Year to date, QQQ is up 16.64% versus a loss of 33.34% for SHPU.
Risk: Volatility and Drawdowns
SHPU has been the more volatile fund, with annualized monthly volatility of 85.3% compared with 30.6% for QQQ. 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 -77.7% for SHPU. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SHPU charges 1.09%. On a $10,000 position that is $18 vs $109 annually, a gap of $91 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 52.93% for SHPU.
Holdings Overlap
QQQ and SHPU share 1 holdings out of 106 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SHPU | Difference |
|---|---|---|---|
| SHOP:CA | 0.77% | 9.31% | 8.54% |
Frequently Asked Questions
Which is cheaper, QQQ or SHPU?
QQQ has an expense ratio of 0.18% while SHPU charges 1.09%. QQQ is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, QQQ or SHPU?
Over the past year QQQ returned +27.27% vs -19.81% for SHPU, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.03% vs -36.97% for SHPU. Past performance does not guarantee future results.
Which is riskier, QQQ or SHPU?
SHPU has been the more volatile fund at 85.3% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SHPU -77.7%.
Should I hold both QQQ and SHPU?
QQQ and SHPU have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SHPU?
QQQ and SHPU share 1 common holdings with a 0.8% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, QQQ or SHPU?
QQQ yields 0.44% while SHPU yields 52.93%, so SHPU currently pays the higher dividend yield.
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