QQQ vs UX
Invesco QQQ Trust, Series 1 vs Roundhill Uranium ETF
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 | UX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.75% | |
| AUM | $455.8B | $5M | |
| Dividend Yield | 0.41% | 0.00% | |
| Holdings | 108 | 7 | |
| YTD Return | +19.68% | -4.62% | |
| 1Y Return | +26.75% | +10.87% | |
| 3Y Return (annualized) | +26.25% | - | |
| 5Y Return (annualized) | +15.39% | - | |
| Volatility (annualized) | 30.6% | 31.7% | |
| Max Drawdown | -83.0% | -26.1% | |
| Fund Family | Invesco (US) | Roundhill Investments | |
| Category | Equity | Commodity | |
| Inception | Mar 10, 1999 | Jan 29, 2025 |
QQQ vs UX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Roundhill Uranium ETF (UX) is a ETF from Roundhill Investments. Over the past year QQQ returned +26.75% while UX returned +10.87%. Year to date, QQQ is up 19.68% versus a loss of 4.62% for UX.
Risk: Volatility and Drawdowns
UX has been the more volatile fund, with annualized monthly volatility of 31.7% 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 -26.1% for UX. 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while UX 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 0.00% for UX.
Holdings Overlap
QQQ and UX share 0 holdings out of 105 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 UX?
QQQ has an expense ratio of 0.18% while UX 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 UX?
Over the past year QQQ returned +26.75% vs +10.87% for UX, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.15% vs +6.92% for UX. Past performance does not guarantee future results.
Which is riskier, QQQ or UX?
UX has been the more volatile fund at 31.7% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs UX -26.1%.
Should I hold both QQQ and UX?
QQQ and UX have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and UX?
QQQ and UX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or UX?
QQQ yields 0.41% while UX yields 0.00%, so QQQ currently pays the higher dividend yield.
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