QQQ vs SNOY
Invesco QQQ Trust, Series 1 vs YieldMax SNOW Option Income Strategy ETF
Quick Verdict
QQQ has a lower expense ratio. SNOY delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SNOY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.04% | |
| AUM | $496.3B | $71M | |
| Dividend Yield | 0.44% | 64.60% | |
| Holdings | 108 | 16 | |
| YTD Return | +16.64% | +45.79% | |
| 1Y Return | +27.27% | +46.31% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 64.2% | |
| Max Drawdown | -83.0% | -50.9% | |
| Fund Family | Invesco (US) | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jun 10, 2024 |
QQQ vs SNOY Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and YieldMax SNOW Option Income Strategy ETF (SNOY) is a ETF from YieldMax ETF. Over the past year QQQ returned +27.27% while SNOY returned +46.31%. Year to date, QQQ is up 16.64% versus a gain of 45.79% for SNOY.
Risk: Volatility and Drawdowns
SNOY has been the more volatile fund, with annualized monthly volatility of 64.2% 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 -50.9% for SNOY. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SNOY charges 1.04%. On a $10,000 position that is $18 vs $104 annually, a gap of $86 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 64.60% for SNOY.
Holdings Overlap
QQQ and SNOY share 0 holdings out of 105 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 SNOY?
QQQ has an expense ratio of 0.18% while SNOY charges 1.04%. QQQ is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, QQQ or SNOY?
Over the past year QQQ returned +27.27% vs +46.31% for SNOY, so SNOY leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +42.51% for SNOY. Past performance does not guarantee future results.
Which is riskier, QQQ or SNOY?
SNOY has been the more volatile fund at 64.2% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SNOY -50.9%.
Should I hold both QQQ and SNOY?
QQQ and SNOY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SNOY?
QQQ and SNOY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or SNOY?
QQQ yields 0.44% while SNOY yields 64.60%, so SNOY currently pays the higher dividend yield.
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