QQQ vs TSMU
Invesco QQQ Trust, Series 1 vs GraniteShares 2x Long TSM Daily ETF
Quick Verdict
QQQ has a lower expense ratio. TSMU delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TSMU | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.50% | |
| AUM | $496.3B | $63M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 2 | |
| YTD Return | +16.64% | +38.98% | |
| 1Y Return | +27.27% | +149.16% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 73.0% | |
| Max Drawdown | -83.0% | -63.7% | |
| Fund Family | Invesco (US) | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Nov 11, 2024 |
QQQ vs TSMU Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and GraniteShares 2x Long TSM Daily ETF (TSMU) is a ETF from GraniteShares. Over the past year QQQ returned +27.27% while TSMU returned +149.16%. Year to date, QQQ is up 16.64% versus a gain of 38.98% for TSMU.
Risk: Volatility and Drawdowns
TSMU has been the more volatile fund, with annualized monthly volatility of 73.0% 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 -63.7% for TSMU. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSMU charges 1.50%. On a $10,000 position that is $18 vs $150 annually, a gap of $132 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TSMU.
Holdings Overlap
QQQ and TSMU 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 TSMU?
QQQ has an expense ratio of 0.18% while TSMU charges 1.50%. QQQ is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, QQQ or TSMU?
Over the past year QQQ returned +27.27% vs +149.16% for TSMU, so TSMU leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +77.45% for TSMU. Past performance does not guarantee future results.
Which is riskier, QQQ or TSMU?
TSMU has been the more volatile fund at 73.0% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TSMU -63.7%.
Should I hold both QQQ and TSMU?
QQQ and TSMU have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TSMU?
QQQ and TSMU share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TSMU?
QQQ yields 0.44% while TSMU yields 0.00%, so QQQ currently pays the higher dividend yield.
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