QQQ vs USDX
Invesco QQQ Trust, Series 1 vs SGI Enhanced Core 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 | USDX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.08% | |
| AUM | $496.3B | $305M | |
| Dividend Yield | 0.44% | 6.59% | |
| Holdings | 108 | 13 | |
| YTD Return | +16.23% | +2.95% | |
| 1Y Return | +26.23% | +6.03% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 1.0% | |
| Max Drawdown | -83.0% | -0.9% | |
| Fund Family | Invesco (US) | Summit Global Investments | |
| Category | Equity | Money Market | |
| Inception | Mar 10, 1999 | Feb 29, 2024 |
QQQ vs USDX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and SGI Enhanced Core ETF (USDX) is a ETF from Summit Global Investments. Over the past year QQQ returned +26.23% while USDX returned +6.03%. Year to date, QQQ is up 16.23% versus a gain of 2.95% for USDX.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.0% for USDX. 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 -0.9% for USDX. 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 -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while USDX charges 1.08%. On a $10,000 position that is $18 vs $108 annually, a gap of $90 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 6.59% for USDX.
Holdings Overlap
QQQ and USDX share 0 holdings out of 109 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 USDX?
QQQ has an expense ratio of 0.18% while USDX charges 1.08%. QQQ is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, QQQ or USDX?
Over the past year QQQ returned +26.23% vs +6.03% for USDX, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.02% vs +7.03% for USDX. Past performance does not guarantee future results.
Which is riskier, QQQ or USDX?
QQQ has been the more volatile fund at 30.6% annualized versus 1.0% for USDX. Worst drawdown: QQQ -83.0% vs USDX -0.9%.
Should I hold both QQQ and USDX?
QQQ and USDX have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and USDX?
QQQ and USDX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, QQQ or USDX?
QQQ yields 0.44% while USDX yields 6.59%, so USDX currently pays the higher dividend yield.
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