QQQ vs XPP
Invesco QQQ Trust, Series 1 vs ProShares Ultra FTSE China 50
Which is better, QQQ or XPP?
Large Cap Growth against Trading-Leveraged Equity.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | XPP |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.95% |
| AUM | $483.5B | $8M |
| Dividend Yield | 0.44% | 2.41% |
| Holdings | 107 | 7 |
| YTD Return | +22.20%Best | -26.77% |
| 1Y Return | +24.58%Best | -30.18% |
| 3Y Return (annualized) | +28.38%Best | +8.65% |
| 5Y Return (annualized) | +15.80%Best | -14.99% |
| Volatility (annualized) | 17.6%Best | 46.9% |
| Max Drawdown | -35.1%Best | -90.5% |
| $10,000 over 5 years | $20,823Best | $4,440 |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Trading-Leveraged Equity |
| Inception | Mar 10, 1999 | Jun 4, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2009 to Sep 22, 2026 (17.3 years).
QQQ vs XPP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs XPP Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ProShares Ultra FTSE China 50 (XPP) is an ETF from ProShares. Over the past year QQQ returned +24.58% while XPP returned -30.18%. Year to date, QQQ is up 22.20% versus a loss of 26.77% for XPP.
Over three years, QQQ compounded at +28.38% per year against +8.65% for XPP; over five years the annualized figures are +15.80% and -14.99% respectively. Across the full 17-year window we track, QQQ has the edge at +19.25% annualized vs -5.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XPP has been the more volatile fund, with annualized monthly volatility of 46.9% compared with 17.6% 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 -35.1% for QQQ and -90.5% for XPP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while XPP charges 0.95%. On a $10,000 position that is $18 vs $95 annually, a gap of $77 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.41% for XPP.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 1 in XPP, totalling 99.9% and 41.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 1 in XPP, against full books of 107 and 7.
You are not choosing between two funds in isolation.
Whichever of QQQ and XPP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or XPP?
QQQ has an expense ratio of 0.18% while XPP charges 0.95%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, QQQ or XPP?
Over the past year QQQ returned +24.58% vs -30.18% for XPP, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +19.25% vs -5.60% for XPP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or XPP?
XPP has been the more volatile fund at 46.9% annualized versus 17.6% for QQQ. Worst drawdown: QQQ -35.1% vs XPP -90.5%.
Should I hold both QQQ and XPP?
QQQ and XPP have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or XPP?
QQQ yields 0.44% while XPP yields 2.41%, so XPP currently pays the higher dividend yield.
Is XPP better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.