QQQ vs TSMG
Invesco QQQ Trust, Series 1 vs Leverage Shares 2X Long TSM Daily ETF
Quick Verdict
QQQ has a lower expense ratio. TSMG delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TSMG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.76% | |
| AUM | $496.3B | $34M | |
| Dividend Yield | 0.44% | 7.74% | |
| Holdings | 108 | 6 | |
| YTD Return | +16.64% | +42.04% | |
| 1Y Return | +27.27% | +161.78% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 77.7% | |
| Max Drawdown | -83.0% | -63.7% | |
| Fund Family | Invesco (US) | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jan 14, 2025 |
QQQ vs TSMG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Leverage Shares 2X Long TSM Daily ETF (TSMG) is a ETF from Leverage Shares. Over the past year QQQ returned +27.27% while TSMG returned +161.78%. Year to date, QQQ is up 16.64% versus a gain of 42.04% for TSMG.
Risk: Volatility and Drawdowns
TSMG has been the more volatile fund, with annualized monthly volatility of 77.7% 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 -63.7% for TSMG. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSMG charges 0.76%. On a $10,000 position that is $18 vs $76 annually, a gap of $58 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 7.74% for TSMG.
Holdings Overlap
QQQ and TSMG share 0 holdings out of 103 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 TSMG?
QQQ has an expense ratio of 0.18% while TSMG charges 0.76%. QQQ is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, QQQ or TSMG?
Over the past year QQQ returned +27.27% vs +161.78% for TSMG, so TSMG leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +89.35% for TSMG. Past performance does not guarantee future results.
Which is riskier, QQQ or TSMG?
TSMG has been the more volatile fund at 77.7% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TSMG -63.7%.
Should I hold both QQQ and TSMG?
QQQ and TSMG have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TSMG?
QQQ and TSMG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TSMG?
QQQ yields 0.44% while TSMG yields 7.74%, so TSMG currently pays the higher dividend yield.
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