QQQ vs UAPR
Invesco QQQ Trust, Series 1 vs Innovator US Equity Ultra Buffer ETF - April
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 | UAPR | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $455.8B | $157M | |
| Dividend Yield | 0.41% | 0.00% | |
| Holdings | 108 | 8 | |
| YTD Return | +19.68% | +8.72% | |
| 1Y Return | +26.75% | +12.23% | |
| 3Y Return (annualized) | +26.25% | +10.87% | |
| 5Y Return (annualized) | +15.39% | +6.66% | |
| Volatility (annualized) | 30.6% | 6.2% | |
| Max Drawdown | -83.0% | -14.6% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 1, 2019 |
QQQ vs UAPR Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator US Equity Ultra Buffer ETF - April (UAPR) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +26.75% while UAPR returned +12.23%. Year to date, QQQ is up 19.68% versus a gain of 8.72% for UAPR.
Over three years, QQQ compounded at +26.25% per year against +10.87% for UAPR; over five years the annualized figures are +15.39% and +6.66% respectively. Across the full 7-year window we track, QQQ has the edge at +13.15% annualized vs +5.14%. 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 6.2% for UAPR. 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 -14.6% for UAPR. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while UAPR charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.00% for UAPR.
Holdings Overlap
QQQ and UAPR share 0 holdings out of 104 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 UAPR?
QQQ has an expense ratio of 0.18% while UAPR charges 0.79%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, QQQ or UAPR?
Over the past year QQQ returned +26.75% vs +12.23% for UAPR, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +13.15% vs +5.14% for UAPR. Past performance does not guarantee future results.
Which is riskier, QQQ or UAPR?
QQQ has been the more volatile fund at 30.6% annualized versus 6.2% for UAPR. Worst drawdown: QQQ -83.0% vs UAPR -14.6%.
Should I hold both QQQ and UAPR?
QQQ and UAPR have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UAPR?
QQQ and UAPR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or UAPR?
QQQ yields 0.41% while UAPR yields 0.00%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.