QQQ vs UUP
Invesco QQQ Trust, Series 1 vs Invesco DB US Dollar Index Bullish Fund
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 | UUP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.75% | |
| AUM | $455.8B | $430M | |
| Dividend Yield | 0.41% | 3.26% | |
| Holdings | 108 | 5 | |
| YTD Return | +17.85% | +3.80% | |
| 1Y Return | +26.45% | +5.67% | |
| 3Y Return (annualized) | +26.07% | +2.71% | |
| 5Y Return (annualized) | +15.16% | +4.55% | |
| Volatility (annualized) | 30.6% | 7.7% | |
| Max Drawdown | -83.0% | -22.2% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Feb 20, 2007 |
QQQ vs UUP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco DB US Dollar Index Bullish Fund (UUP) is a ETF from Invesco (US). Over the past year QQQ returned +26.45% while UUP returned +5.67%. Year to date, QQQ is up 17.85% versus a gain of 3.80% for UUP.
Over three years, QQQ compounded at +26.07% per year against +2.71% for UUP; over five years the annualized figures are +15.16% and +4.55% respectively. Across the full 20-year window we track, QQQ has the edge at +13.09% annualized vs +1.38%. 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 7.7% for UUP. 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 -22.2% for UUP. 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 -0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while UUP charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 3.26% for UUP.
Holdings Overlap
QQQ and UUP 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 UUP?
QQQ has an expense ratio of 0.18% while UUP charges 0.75%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, QQQ or UUP?
Over the past year QQQ returned +26.45% vs +5.67% for UUP, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +13.09% vs +1.38% for UUP. Past performance does not guarantee future results.
Which is riskier, QQQ or UUP?
QQQ has been the more volatile fund at 30.6% annualized versus 7.7% for UUP. Worst drawdown: QQQ -83.0% vs UUP -22.2%.
Should I hold both QQQ and UUP?
QQQ and UUP have a monthly-return correlation of -0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UUP?
QQQ and UUP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or UUP?
QQQ yields 0.41% while UUP yields 3.26%, so UUP currently pays the higher dividend yield.
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