QQQ vs SMUP
Invesco QQQ Trust, Series 1 vs T-REX 2X Long SMR Daily Target 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 | SMUP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.50% | |
| AUM | $496.3B | $9M | |
| Dividend Yield | 0.44% | 4.93% | |
| Holdings | 108 | 3 | |
| YTD Return | +16.64% | +320.75% | |
| 1Y Return | +27.27% | -49.20% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 2754.6% | |
| Max Drawdown | -83.0% | -98.8% | |
| Fund Family | Invesco (US) | REX Shares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jul 25, 2025 |
QQQ vs SMUP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and T-REX 2X Long SMR Daily Target ETF (SMUP) is a ETF from REX Shares. Over the past year QQQ returned +27.27% while SMUP returned -49.20%. Year to date, QQQ is up 16.64% versus a gain of 320.75% for SMUP.
Risk: Volatility and Drawdowns
SMUP has been the more volatile fund, with annualized monthly volatility of 2754.6% 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 -98.8% for SMUP. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SMUP charges 1.50%. On a $10,000 position that is $18 vs $150 annually, a gap of $132 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 4.93% for SMUP.
Holdings Overlap
QQQ and SMUP share 0 holdings out of 103 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 SMUP?
QQQ has an expense ratio of 0.18% while SMUP charges 1.50%. QQQ is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, QQQ or SMUP?
Over the past year QQQ returned +27.27% vs -49.20% for SMUP, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.03% vs -77.90% for SMUP. Past performance does not guarantee future results.
Which is riskier, QQQ or SMUP?
SMUP has been the more volatile fund at 2754.6% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SMUP -98.8%.
Should I hold both QQQ and SMUP?
QQQ and SMUP have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SMUP?
QQQ and SMUP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or SMUP?
QQQ yields 0.44% while SMUP yields 4.93%, so SMUP currently pays the higher dividend yield.
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