QQQ vs UDOW
Invesco QQQ Trust, Series 1 vs ProShares UltraPro Dow30
Quick Verdict
QQQ has a lower expense ratio. UDOW delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | UDOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $926M | |
| Dividend Yield | 0.44% | 1.11% | |
| Holdings | 108 | 42 | |
| YTD Return | +16.64% | +24.35% | |
| 1Y Return | +27.27% | +51.54% | |
| 3Y Return (annualized) | +25.96% | +37.27% | |
| 5Y Return (annualized) | +14.54% | +14.40% | |
| Volatility (annualized) | 30.6% | 43.9% | |
| Max Drawdown | -83.0% | -80.3% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Feb 9, 2010 |
QQQ vs UDOW Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares UltraPro Dow30 (UDOW) is a ETF from ProShares. Over the past year QQQ returned +27.27% while UDOW returned +51.54%. Year to date, QQQ is up 16.64% versus a gain of 24.35% for UDOW.
Over three years, QQQ compounded at +25.96% per year against +37.27% for UDOW; over five years the annualized figures are +14.54% and +14.40% respectively. Across the full 17-year window we track, UDOW has the edge at +26.16% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UDOW has been the more volatile fund, with annualized monthly volatility of 43.9% 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 -80.3% for UDOW. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while UDOW 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 1.11% for UDOW.
Holdings Overlap
QQQ and UDOW share 9 holdings out of 124 unique holdings combined, representing a 11.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or UDOW?
QQQ has an expense ratio of 0.18% while UDOW 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 UDOW?
Over the past year QQQ returned +27.27% vs +51.54% for UDOW, so UDOW leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +13.03% vs +26.16% for UDOW. Past performance does not guarantee future results.
Which is riskier, QQQ or UDOW?
UDOW has been the more volatile fund at 43.9% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs UDOW -80.3%.
Should I hold both QQQ and UDOW?
QQQ and UDOW have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UDOW?
QQQ and UDOW share 9 common holdings with a 11.3% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, QQQ or UDOW?
QQQ yields 0.44% while UDOW yields 1.11%, so UDOW currently pays the higher dividend yield.
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