QQQ vs SUPP
Invesco QQQ Trust, Series 1 vs TCW Transform Supply Chain 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 | SUPP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.75% | |
| AUM | $496.3B | $13M | |
| Dividend Yield | 0.44% | 0.32% | |
| Holdings | 108 | 32 | |
| YTD Return | +17.07% | +12.85% | |
| 1Y Return | +26.39% | +16.91% | |
| 3Y Return (annualized) | +26.08% | +16.74% | |
| 5Y Return (annualized) | +15.18% | - | |
| Volatility (annualized) | 30.6% | 19.4% | |
| Max Drawdown | -83.0% | -25.3% | |
| Fund Family | Invesco (US) | TCW ETFs | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Feb 14, 2023 |
QQQ vs SUPP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and TCW Transform Supply Chain ETF (SUPP) is a ETF from TCW ETFs. Over the past year QQQ returned +26.39% while SUPP returned +16.91%. Year to date, QQQ is up 17.07% versus a gain of 12.85% for SUPP.
Over three years, QQQ compounded at +26.08% per year against +16.74% for SUPP. Across the full 4-year window we track, SUPP has the edge at +14.76% annualized vs +13.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.4% for SUPP. 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 -25.3% for SUPP. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SUPP charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.32% for SUPP.
Holdings Overlap
QQQ and SUPP share 7 holdings out of 124 unique holdings combined, representing a 17.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SUPP?
QQQ has an expense ratio of 0.18% while SUPP charges 0.75%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, QQQ or SUPP?
Over the past year QQQ returned +26.39% vs +16.91% for SUPP, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.05% vs +14.76% for SUPP. Past performance does not guarantee future results.
Which is riskier, QQQ or SUPP?
QQQ has been the more volatile fund at 30.6% annualized versus 19.4% for SUPP. Worst drawdown: QQQ -83.0% vs SUPP -25.3%.
Should I hold both QQQ and SUPP?
QQQ and SUPP have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SUPP?
QQQ and SUPP share 7 common holdings with a 17.6% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, QQQ or SUPP?
QQQ yields 0.44% while SUPP yields 0.32%, so QQQ currently pays the higher dividend yield.
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