QQQ vs TTT
Invesco QQQ Trust, Series 1 vs ProShares UltraPro Short 20 Year Treasury
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TTT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $17M | |
| Dividend Yield | 0.44% | 8.37% | |
| Holdings | 108 | 10 | |
| YTD Return | +16.64% | +15.78% | |
| 1Y Return | +27.27% | +9.92% | |
| 3Y Return (annualized) | +25.96% | +2.85% | |
| 5Y Return (annualized) | +14.54% | +25.03% | |
| Volatility (annualized) | 30.6% | 39.0% | |
| Max Drawdown | -83.0% | -94.1% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Mar 27, 2012 |
QQQ vs TTT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares UltraPro Short 20 Year Treasury (TTT) is a ETF from ProShares. Over the past year QQQ returned +27.27% while TTT returned +9.92%. Year to date, QQQ is up 16.64% versus a gain of 15.78% for TTT.
Over three years, QQQ compounded at +25.96% per year against +2.85% for TTT; over five years the annualized figures are +14.54% and +25.03% respectively. Across the full 14-year window we track, QQQ has the edge at +13.03% annualized vs -9.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TTT has been the more volatile fund, with annualized monthly volatility of 39.0% 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 -94.1% for TTT. 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 -0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TTT 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 0.44% against 8.37% for TTT.
Holdings Overlap
QQQ and TTT 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 TTT?
QQQ has an expense ratio of 0.18% while TTT 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 TTT?
Over the past year QQQ returned +27.27% vs +9.92% for TTT, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), QQQ annualized +13.03% vs -9.32% for TTT. Past performance does not guarantee future results.
Which is riskier, QQQ or TTT?
TTT has been the more volatile fund at 39.0% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs TTT -94.1%.
Should I hold both QQQ and TTT?
QQQ and TTT have a monthly-return correlation of -0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TTT?
QQQ and TTT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TTT?
QQQ yields 0.44% while TTT yields 8.37%, so TTT currently pays the higher dividend yield.
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