QQQ vs SOUX
Invesco QQQ Trust, Series 1 vs Defiance Daily Target 2X Long SOUN 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 | SOUX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.29% | |
| AUM | $455.8B | $9M | |
| Dividend Yield | 0.41% | 0.00% | |
| Holdings | 108 | 11 | |
| YTD Return | +19.68% | -71.80% | |
| 1Y Return | +26.75% | -91.97% | |
| 3Y Return (annualized) | +26.25% | - | |
| 5Y Return (annualized) | +15.39% | - | |
| Volatility (annualized) | 30.6% | 123.5% | |
| Max Drawdown | -83.0% | -96.5% | |
| Fund Family | Invesco (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jun 23, 2025 |
QQQ vs SOUX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Defiance Daily Target 2X Long SOUN ETF (SOUX) is a ETF from Defiance ETFs, LLC. Over the past year QQQ returned +26.75% while SOUX returned -91.97%. Year to date, QQQ is up 19.68% versus a loss of 71.80% for SOUX.
Risk: Volatility and Drawdowns
SOUX has been the more volatile fund, with annualized monthly volatility of 123.5% 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 -96.5% for SOUX. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SOUX charges 1.29%. On a $10,000 position that is $18 vs $129 annually, a gap of $111 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.00% for SOUX.
Holdings Overlap
QQQ and SOUX 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 SOUX?
QQQ has an expense ratio of 0.18% while SOUX charges 1.29%. QQQ is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, QQQ or SOUX?
Over the past year QQQ returned +26.75% vs -91.97% for SOUX, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.15% vs -76.73% for SOUX. Past performance does not guarantee future results.
Which is riskier, QQQ or SOUX?
SOUX has been the more volatile fund at 123.5% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SOUX -96.5%.
Should I hold both QQQ and SOUX?
QQQ and SOUX have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SOUX?
QQQ and SOUX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or SOUX?
QQQ yields 0.41% while SOUX yields 0.00%, so QQQ currently pays the higher dividend yield.
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