QQQ vs TPAY
Invesco QQQ Trust, Series 1 vs Roundhill S&P 500 Target 10 Managed Distribution ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | TPAY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.49% | |
| AUM | $455.8B | $2M | |
| Dividend Yield | 0.41% | 3.15% | |
| Holdings | 108 | 0 | |
| YTD Return | +19.68% | +8.08% | |
| 1Y Return | +26.75% | +8.08% | |
| 3Y Return (annualized) | +26.25% | - | |
| 5Y Return (annualized) | +15.39% | +3.23% | |
| Volatility (annualized) | 30.6% | 56.5% | |
| Max Drawdown | -83.0% | -49.6% | |
| Fund Family | Invesco (US) | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Feb 18, 2026 |
QQQ vs TPAY Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) is a ETF from Roundhill Investments. Over the past year QQQ returned +26.75% while TPAY returned +8.08%. Year to date, QQQ is up 19.68% versus a gain of 8.08% for TPAY.
Risk: Volatility and Drawdowns
TPAY has been the more volatile fund, with annualized monthly volatility of 56.5% 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 -49.6% for TPAY. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TPAY charges 0.49%. On a $10,000 position that is $18 vs $49 annually, a gap of $31 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 3.15% for TPAY.
Frequently Asked Questions
Which is cheaper, QQQ or TPAY?
QQQ has an expense ratio of 0.18% while TPAY charges 0.49%. QQQ is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, QQQ or TPAY?
Over the past year QQQ returned +26.75% vs +8.08% for TPAY, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), QQQ annualized +13.15% vs +11.28% for TPAY. Past performance does not guarantee future results.
Which is riskier, QQQ or TPAY?
TPAY has been the more volatile fund at 56.5% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TPAY -49.6%.
Should I hold both QQQ and TPAY?
QQQ and TPAY have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or TPAY?
QQQ yields 0.41% while TPAY yields 3.15%, so TPAY currently pays the higher dividend yield.
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