QQQ vs UPSX
Invesco QQQ Trust, Series 1 vs Tradr 2X Long UPST Daily 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 | UPSX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.30% | |
| AUM | $496.3B | $23M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 6 | |
| YTD Return | +16.23% | -73.67% | |
| 1Y Return | +26.23% | -89.21% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 112.7% | |
| Max Drawdown | -83.0% | -95.0% | |
| Fund Family | Invesco (US) | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jun 9, 2025 |
QQQ vs UPSX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Tradr 2X Long UPST Daily ETF (UPSX) is a ETF from Tradr ETFs. Over the past year QQQ returned +26.23% while UPSX returned -89.21%. Year to date, QQQ is up 16.23% versus a loss of 73.67% for UPSX.
Risk: Volatility and Drawdowns
UPSX has been the more volatile fund, with annualized monthly volatility of 112.7% 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 -95.0% for UPSX. 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while UPSX charges 1.30%. On a $10,000 position that is $18 vs $130 annually, a gap of $112 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for UPSX.
Holdings Overlap
QQQ and UPSX share 0 holdings out of 103 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 UPSX?
QQQ has an expense ratio of 0.18% while UPSX charges 1.30%. QQQ is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, QQQ or UPSX?
Over the past year QQQ returned +26.23% vs -89.21% for UPSX, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.02% vs -83.88% for UPSX. Past performance does not guarantee future results.
Which is riskier, QQQ or UPSX?
UPSX has been the more volatile fund at 112.7% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs UPSX -95.0%.
Should I hold both QQQ and UPSX?
QQQ and UPSX have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UPSX?
QQQ and UPSX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or UPSX?
QQQ yields 0.44% while UPSX yields 0.00%, so QQQ currently pays the higher dividend yield.
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