QQQ vs TSMX
Invesco QQQ Trust, Series 1 vs Direxion Daily TSM Bull 2X ETF
Which is better, QQQ or TSMX?
Large Cap Growth against Trading-Leveraged Equity.
QQQ has a lower expense ratio. TSMX led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | TSMX |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.99% |
| AUM | $483.5B | $559M |
| Dividend Yield | 0.44% | 5.49% |
| Holdings | 107 | 9 |
| YTD Return | +15.94% | +41.64%Best |
| 1Y Return | +20.44% | +100.06%Best |
| 3Y Return (annualized) | +24.86% | - |
| 5Y Return (annualized) | +14.26% | - |
| Volatility (annualized) | 18.9%Best | 71.2% |
| Max Drawdown | -22.8%Best | -63.8% |
| $10,000 over 1.9 years | $14,718 | $31,584Best |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Trading-Leveraged Equity |
| Inception | Mar 10, 1999 | Oct 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 14, 2026 (1.9 years).
QQQ vs TSMX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
QQQ vs TSMX Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Direxion Daily TSM Bull 2X ETF (TSMX) is an ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +20.44% while TSMX returned +100.06%. Year to date, QQQ is up 15.94% versus a gain of 41.64% for TSMX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 71.2% compared with 18.9% 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 -22.8% for QQQ and -63.8% for TSMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TSMX charges 0.99%. On a $10,000 position that is $18 vs $99 annually, a gap of $81 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 5.49% for TSMX.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 4 in TSMX, totalling 99.9% and 100.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 4 in TSMX, against full books of 107 and 9.
You are not choosing between two funds in isolation.
Whichever of QQQ and TSMX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TSMX?
QQQ has an expense ratio of 0.18% while TSMX charges 0.99%. QQQ is the cheaper option, by $81 a year on a $10,000 investment.
Which performed better, QQQ or TSMX?
Over the past year QQQ returned +20.44% vs +100.06% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +22.56% vs +83.18% for TSMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TSMX?
TSMX has been the more volatile fund at 71.2% annualized versus 18.9% for QQQ. Worst drawdown: QQQ -22.8% vs TSMX -63.8%.
Should I hold both QQQ and TSMX?
QQQ and TSMX have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or TSMX?
QQQ yields 0.44% while TSMX yields 5.49%, so TSMX currently pays the higher dividend yield.
Is TSMX better than QQQ?
QQQ has a lower expense ratio. TSMX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.