QQQ vs XDTE
Invesco QQQ Trust, Series 1 vs Roundhill S&P 500 0DTE Covered Call Strategy 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 | XDTE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.97% | |
| AUM | $455.8B | $335M | |
| Dividend Yield | 0.41% | 31.53% | |
| Holdings | 108 | 5 | |
| YTD Return | +17.85% | +4.52% | |
| 1Y Return | +26.45% | +13.09% | |
| 3Y Return (annualized) | +26.07% | - | |
| 5Y Return (annualized) | +15.16% | - | |
| Volatility (annualized) | 30.6% | 12.6% | |
| Max Drawdown | -83.0% | -16.7% | |
| Fund Family | Invesco (US) | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 7, 2024 |
QQQ vs XDTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is a ETF from Roundhill Investments. Over the past year QQQ returned +26.45% while XDTE returned +13.09%. Year to date, QQQ is up 17.85% versus a gain of 4.52% for XDTE.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.6% for XDTE. 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 -16.7% for XDTE. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while XDTE charges 0.97%. On a $10,000 position that is $18 vs $97 annually, a gap of $79 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 31.53% for XDTE.
Holdings Overlap
QQQ and XDTE 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 XDTE?
QQQ has an expense ratio of 0.18% while XDTE charges 0.97%. QQQ is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, QQQ or XDTE?
Over the past year QQQ returned +26.45% vs +13.09% for XDTE, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.09% vs +18.19% for XDTE. Past performance does not guarantee future results.
Which is riskier, QQQ or XDTE?
QQQ has been the more volatile fund at 30.6% annualized versus 12.6% for XDTE. Worst drawdown: QQQ -83.0% vs XDTE -16.7%.
Should I hold both QQQ and XDTE?
QQQ and XDTE have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XDTE?
QQQ and XDTE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or XDTE?
QQQ yields 0.41% while XDTE yields 31.53%, so XDTE currently pays the higher dividend yield.
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