QQQ vs TSLS
Invesco QQQ Trust, Series 1 vs Direxion Daily TSLA Bear 1X 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 | TSLS | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $455.8B | $84M | |
| Dividend Yield | 0.41% | 3.08% | |
| Holdings | 108 | 9 | |
| YTD Return | +19.68% | +18.30% | |
| 1Y Return | +26.75% | -12.82% | |
| 3Y Return (annualized) | +26.25% | -31.64% | |
| 5Y Return (annualized) | +15.39% | - | |
| Volatility (annualized) | 30.6% | 60.0% | |
| Max Drawdown | -83.0% | -90.7% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 9, 2022 |
QQQ vs TSLS Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily TSLA Bear 1X ETF (TSLS) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +26.75% while TSLS returned -12.82%. Year to date, QQQ is up 19.68% versus a gain of 18.30% for TSLS.
Over three years, QQQ compounded at +26.25% per year against -31.64% for TSLS. Across the full 4-year window we track, QQQ has the edge at +13.15% annualized vs -27.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLS has been the more volatile fund, with annualized monthly volatility of 60.0% 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 -90.7% for TSLS. 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 -0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSLS 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 3.08% for TSLS.
Holdings Overlap
QQQ and TSLS share 0 holdings out of 107 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 TSLS?
QQQ has an expense ratio of 0.18% while TSLS 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 TSLS?
Over the past year QQQ returned +26.75% vs -12.82% for TSLS, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.15% vs -27.15% for TSLS. Past performance does not guarantee future results.
Which is riskier, QQQ or TSLS?
TSLS has been the more volatile fund at 60.0% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TSLS -90.7%.
Should I hold both QQQ and TSLS?
QQQ and TSLS have a monthly-return correlation of -0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TSLS?
QQQ and TSLS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, QQQ or TSLS?
QQQ yields 0.41% while TSLS yields 3.08%, so TSLS currently pays the higher dividend yield.
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