QQQ vs SMRI
Invesco QQQ Trust, Series 1 vs Bushido Capital US Equity ETF
Quick Verdict
QQQ has a lower expense ratio. SMRI delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SMRI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.71% | |
| AUM | $496.3B | $697M | |
| Dividend Yield | 0.44% | 0.86% | |
| Holdings | 108 | 52 | |
| YTD Return | +16.64% | +35.11% | |
| 1Y Return | +27.27% | +49.07% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 15.9% | |
| Max Drawdown | -83.0% | -18.1% | |
| Fund Family | Invesco (US) | Bushido Capital | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 14, 2023 |
QQQ vs SMRI Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Bushido Capital US Equity ETF (SMRI) is a ETF from Bushido Capital. Over the past year QQQ returned +27.27% while SMRI returned +49.07%. Year to date, QQQ is up 16.64% versus a gain of 35.11% for SMRI.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.9% for SMRI. 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 -18.1% for SMRI. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SMRI charges 0.71%. On a $10,000 position that is $18 vs $71 annually, a gap of $53 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.86% for SMRI.
Holdings Overlap
QQQ and SMRI share 13 holdings out of 140 unique holdings combined, representing a 5.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SMRI?
QQQ has an expense ratio of 0.18% while SMRI charges 0.71%. QQQ is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, QQQ or SMRI?
Over the past year QQQ returned +27.27% vs +49.07% for SMRI, so SMRI leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +28.64% for SMRI. Past performance does not guarantee future results.
Which is riskier, QQQ or SMRI?
QQQ has been the more volatile fund at 30.6% annualized versus 15.9% for SMRI. Worst drawdown: QQQ -83.0% vs SMRI -18.1%.
Should I hold both QQQ and SMRI?
QQQ and SMRI have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SMRI?
QQQ and SMRI share 13 common holdings with a 5.8% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, QQQ or SMRI?
QQQ yields 0.44% while SMRI yields 0.86%, so SMRI currently pays the higher dividend yield.
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