QQQ vs TYO
Invesco QQQ Trust, Series 1 vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
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 | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.00% | |
| AUM | $496.3B | $13M | |
| Dividend Yield | 0.44% | 2.48% | |
| Holdings | 108 | 6 | |
| YTD Return | +16.23% | +11.78% | |
| 1Y Return | +26.23% | +11.29% | |
| 3Y Return (annualized) | +25.75% | +3.64% | |
| 5Y Return (annualized) | +14.78% | +15.26% | |
| Volatility (annualized) | 30.6% | 19.3% | |
| Max Drawdown | -83.0% | -90.4% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Apr 16, 2009 |
QQQ vs TYO Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +26.23% while TYO returned +11.29%. Year to date, QQQ is up 16.23% versus a gain of 11.78% for TYO.
Over three years, QQQ compounded at +25.75% per year against +3.64% for TYO; over five years the annualized figures are +14.78% and +15.26% respectively. Across the full 17-year window we track, QQQ has the edge at +13.02% annualized vs -7.20%. 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 19.3% for TYO. 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 -90.4% for TYO. 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TYO charges 1.00%. On a $10,000 position that is $18 vs $100 annually, a gap of $82 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.48% for TYO.
Holdings Overlap
QQQ and TYO share 0 holdings out of 105 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 TYO?
QQQ has an expense ratio of 0.18% while TYO charges 1.00%. QQQ is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, QQQ or TYO?
Over the past year QQQ returned +26.23% vs +11.29% for TYO, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +13.02% vs -7.20% for TYO. Past performance does not guarantee future results.
Which is riskier, QQQ or TYO?
QQQ has been the more volatile fund at 30.6% annualized versus 19.3% for TYO. Worst drawdown: QQQ -83.0% vs TYO -90.4%.
Should I hold both QQQ and TYO?
QQQ and TYO have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TYO?
QQQ and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or TYO?
QQQ yields 0.44% while TYO yields 2.48%, so TYO currently pays the higher dividend yield.
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