QQQ vs URSP
Invesco QQQ Trust, Series 1 vs ProShares Ultra S&P 500 Equal Weight
Quick Verdict
QQQ has a lower expense ratio. URSP delivered stronger 1-year returns. URSP offers more diversification with 507 holdings.
Side-by-Side Comparison
| Metric | QQQ | URSP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $56M | |
| Dividend Yield | 0.44% | 0.91% | |
| Holdings | 108 | 507 | |
| YTD Return | +16.64% | +28.23% | |
| 1Y Return | +27.27% | +31.86% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 20.7% | |
| Max Drawdown | -83.0% | -15.7% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 25, 2025 |
QQQ vs URSP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares Ultra S&P 500 Equal Weight (URSP) is a ETF from ProShares. Over the past year QQQ returned +27.27% while URSP returned +31.86%. Year to date, QQQ is up 16.64% versus a gain of 28.23% for URSP.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.7% for URSP. 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 -15.7% for URSP. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while URSP 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 0.91% for URSP.
Holdings Overlap
QQQ and URSP share 87 holdings out of 518 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or URSP?
QQQ has an expense ratio of 0.18% while URSP 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 URSP?
Over the past year QQQ returned +27.27% vs +31.86% for URSP, so URSP leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, QQQ or URSP?
QQQ has been the more volatile fund at 30.6% annualized versus 20.7% for URSP. Worst drawdown: QQQ -83.0% vs URSP -15.7%.
Should I hold both QQQ and URSP?
QQQ and URSP have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and URSP?
QQQ and URSP share 87 common holdings with a 5.5% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, QQQ or URSP?
QQQ yields 0.44% while URSP yields 0.91%, so URSP currently pays the higher dividend yield.
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