QQQ vs WEEL
Invesco QQQ Trust, Series 1 vs Peerless Option Income Wheel 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 | WEEL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.99% | |
| AUM | $496.3B | $41M | |
| Dividend Yield | 0.44% | 12.75% | |
| Holdings | 108 | 39 | |
| YTD Return | +16.23% | +8.77% | |
| 1Y Return | +26.23% | +16.02% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 7.5% | |
| Max Drawdown | -83.0% | -17.4% | |
| Fund Family | Invesco (US) | Peerless ETFs | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | May 16, 2024 |
QQQ vs WEEL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Peerless Option Income Wheel ETF (WEEL) is a ETF from Peerless ETFs. Over the past year QQQ returned +26.23% while WEEL returned +16.02%. Year to date, QQQ is up 16.23% versus a gain of 8.77% for WEEL.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.5% for WEEL. 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 -17.4% for WEEL. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while WEEL charges 0.99%. On a $10,000 position that is $18 vs $99 annually, a gap of $81 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 12.75% for WEEL.
Holdings Overlap
QQQ and WEEL share 0 holdings out of 112 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 WEEL?
QQQ has an expense ratio of 0.18% while WEEL charges 0.99%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, QQQ or WEEL?
Over the past year QQQ returned +26.23% vs +16.02% for WEEL, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.02% vs +13.31% for WEEL. Past performance does not guarantee future results.
Which is riskier, QQQ or WEEL?
QQQ has been the more volatile fund at 30.6% annualized versus 7.5% for WEEL. Worst drawdown: QQQ -83.0% vs WEEL -17.4%.
Should I hold both QQQ and WEEL?
QQQ and WEEL have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and WEEL?
QQQ and WEEL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 112 unique securities.
Which pays a higher dividend, QQQ or WEEL?
QQQ yields 0.44% while WEEL yields 12.75%, so WEEL currently pays the higher dividend yield.
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