QQQ vs TSLL
Invesco QQQ Trust, Series 1 vs Direxion Daily TSLA Bull 2X 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 | TSLL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.83% | |
| AUM | $455.8B | $3.0B | |
| Dividend Yield | 0.41% | 6.94% | |
| Holdings | 108 | 13 | |
| YTD Return | +18.31% | -54.88% | |
| 1Y Return | +25.37% | -34.39% | |
| 3Y Return (annualized) | +25.79% | -14.68% | |
| 5Y Return (annualized) | +15.20% | - | |
| Volatility (annualized) | 30.6% | 104.1% | |
| Max Drawdown | -83.0% | -82.9% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 9, 2022 |
QQQ vs TSLL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily TSLA Bull 2X ETF (TSLL) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +25.37% while TSLL returned -34.39%. Year to date, QQQ is up 18.31% versus a loss of 54.88% for TSLL.
Over three years, QQQ compounded at +25.79% per year against -14.68% for TSLL. Across the full 4-year window we track, QQQ has the edge at +13.10% annualized vs -20.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLL has been the more volatile fund, with annualized monthly volatility of 104.1% 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 -82.9% for TSLL. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSLL charges 0.83%. On a $10,000 position that is $18 vs $83 annually, a gap of $65 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 6.94% for TSLL.
Holdings Overlap
QQQ and TSLL share 1 holdings out of 107 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TSLL | Difference |
|---|---|---|---|
| TSLA | 3.16% | 11.21% | 8.05% |
Frequently Asked Questions
Which is cheaper, QQQ or TSLL?
QQQ has an expense ratio of 0.18% while TSLL charges 0.83%. QQQ is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, QQQ or TSLL?
Over the past year QQQ returned +25.37% vs -34.39% for TSLL, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.10% vs -20.83% for TSLL. Past performance does not guarantee future results.
Which is riskier, QQQ or TSLL?
TSLL has been the more volatile fund at 104.1% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TSLL -82.9%.
Should I hold both QQQ and TSLL?
QQQ and TSLL have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TSLL?
QQQ and TSLL share 1 common holdings with a 3.2% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, QQQ or TSLL?
QQQ yields 0.41% while TSLL yields 6.94%, so TSLL currently pays the higher dividend yield.
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