QQQ vs TSDD
Invesco QQQ Trust, Series 1 vs GraniteShares 2x Short TSLA Daily 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 | TSDD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $455.8B | $31M | |
| Dividend Yield | 0.41% | 9.29% | |
| Holdings | 108 | 2 | |
| YTD Return | +19.68% | +16.38% | |
| 1Y Return | +26.75% | -44.25% | |
| 3Y Return (annualized) | +26.25% | -70.55% | |
| 5Y Return (annualized) | +15.39% | - | |
| Volatility (annualized) | 30.6% | 101.8% | |
| Max Drawdown | -83.0% | -99.0% | |
| Fund Family | Invesco (US) | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 21, 2023 |
QQQ vs TSDD Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and GraniteShares 2x Short TSLA Daily ETF (TSDD) is a ETF from GraniteShares. Over the past year QQQ returned +26.75% while TSDD returned -44.25%. Year to date, QQQ is up 19.68% versus a gain of 16.38% for TSDD.
Over three years, QQQ compounded at +26.25% per year against -70.55% for TSDD. Across the full 3-year window we track, QQQ has the edge at +13.15% annualized vs -70.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSDD has been the more volatile fund, with annualized monthly volatility of 101.8% 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 -99.0% for TSDD. 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 -0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSDD charges 0.95%. On a $10,000 position that is $18 vs $95 annually, a gap of $77 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 9.29% for TSDD.
Holdings Overlap
QQQ and TSDD share 1 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TSDD | Difference |
|---|---|---|---|
| TSLA | 3.16% | -199.97% | 203.13% |
Frequently Asked Questions
Which is cheaper, QQQ or TSDD?
QQQ has an expense ratio of 0.18% while TSDD charges 0.95%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, QQQ or TSDD?
Over the past year QQQ returned +26.75% vs -44.25% for TSDD, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.15% vs -70.55% for TSDD. Past performance does not guarantee future results.
Which is riskier, QQQ or TSDD?
TSDD has been the more volatile fund at 101.8% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TSDD -99.0%.
Should I hold both QQQ and TSDD?
QQQ and TSDD have a monthly-return correlation of -0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TSDD?
QQQ and TSDD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TSDD?
QQQ yields 0.41% while TSDD yields 9.29%, so TSDD currently pays the higher dividend yield.
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