QQQ vs UMAR
QQQ vs UMAR
Invesco QQQ Trust, Series 1 vs Innovator US Equity Ultra Buffer ETF - March
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 | UMAR | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $455.8B | $194M | |
| Dividend Yield | 0.41% | 0.00% | |
| Holdings | 108 | 6 | |
| YTD Return | +18.20% | +7.31% | |
| 1Y Return | +27.63% | +12.60% | |
| 3Y Return (annualized) | +25.54% | +12.45% | |
| 5Y Return (annualized) | +15.12% | +7.92% | |
| Volatility (annualized) | 30.6% | 6.0% | |
| Max Drawdown | -83.0% | -11.1% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Feb 28, 2020 |
QQQ vs UMAR Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator US Equity Ultra Buffer ETF - March (UMAR) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +27.63% while UMAR returned +12.60%. Year to date, QQQ is up 18.20% versus a gain of 7.31% for UMAR.
Over three years, QQQ compounded at +25.54% per year against +12.45% for UMAR; over five years the annualized figures are +15.12% and +7.92% respectively. Across the full 6-year window we track, QQQ has the edge at +13.11% annualized vs +7.83%. 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 6.0% for UMAR. 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 -11.1% for UMAR. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while UMAR 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 UMAR.
Holdings Overlap
QQQ and UMAR 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 UMAR?
QQQ has an expense ratio of 0.18% while UMAR 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 UMAR?
Over the past year QQQ returned +27.63% vs +12.60% for UMAR, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.11% vs +7.83% for UMAR. Past performance does not guarantee future results.
Which is riskier, QQQ or UMAR?
QQQ has been the more volatile fund at 30.6% annualized versus 6.0% for UMAR. Worst drawdown: QQQ -83.0% vs UMAR -11.1%.
Should I hold both QQQ and UMAR?
QQQ and UMAR have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UMAR?
QQQ and UMAR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or UMAR?
QQQ yields 0.41% while UMAR yields 0.00%, so QQQ currently pays the higher dividend yield.
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