QQQ vs TYD
Invesco QQQ Trust, Series 1 vs Direxion Daily 7-10 Year Treasury Bull 3X 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 | TYD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.07% | |
| AUM | $455.8B | $32M | |
| Dividend Yield | 0.41% | 3.25% | |
| Holdings | 108 | 8 | |
| YTD Return | +17.46% | -9.41% | |
| 1Y Return | +26.02% | -7.20% | |
| 3Y Return (annualized) | +25.51% | -2.84% | |
| 5Y Return (annualized) | +15.12% | -14.58% | |
| Volatility (annualized) | 30.6% | 20.0% | |
| Max Drawdown | -83.0% | -67.5% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Apr 16, 2009 |
QQQ vs TYD Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily 7-10 Year Treasury Bull 3X ETF (TYD) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +26.02% while TYD returned -7.20%. Year to date, QQQ is up 17.46% versus a loss of 9.41% for TYD.
Over three years, QQQ compounded at +25.51% per year against -2.84% for TYD; over five years the annualized figures are +15.12% and -14.58% respectively. Across the full 17-year window we track, QQQ has the edge at +13.08% annualized vs -1.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.0% for TYD. 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 -67.5% for TYD. 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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TYD charges 1.07%. On a $10,000 position that is $18 vs $107 annually, a gap of $89 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 3.25% for TYD.
Holdings Overlap
QQQ and TYD 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 TYD?
QQQ has an expense ratio of 0.18% while TYD charges 1.07%. QQQ is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, QQQ or TYD?
Over the past year QQQ returned +26.02% vs -7.20% for TYD, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +13.08% vs -1.00% for TYD. Past performance does not guarantee future results.
Which is riskier, QQQ or TYD?
QQQ has been the more volatile fund at 30.6% annualized versus 20.0% for TYD. Worst drawdown: QQQ -83.0% vs TYD -67.5%.
Should I hold both QQQ and TYD?
QQQ and TYD have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TYD?
QQQ and TYD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, QQQ or TYD?
QQQ yields 0.41% while TYD yields 3.25%, so TYD currently pays the higher dividend yield.
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