QQQ vs XYLG
Invesco QQQ Trust, Series 1 vs Global X S&P 500 Covered Call & Growth ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. XYLG offers more diversification with 506 holdings.
Side-by-Side Comparison
| Metric | QQQ | XYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $65M | |
| Dividend Yield | 0.44% | 13.11% | |
| Holdings | 108 | 506 | |
| YTD Return | +16.19% | +10.36% | |
| 1Y Return | +25.22% | +18.90% | |
| 3Y Return (annualized) | +25.47% | +16.81% | |
| 5Y Return (annualized) | +14.34% | +9.95% | |
| Volatility (annualized) | 30.6% | 12.1% | |
| Max Drawdown | -83.0% | -21.3% | |
| Fund Family | Invesco (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 18, 2020 |
QQQ vs XYLG Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Global X S&P 500 Covered Call & Growth ETF (XYLG) is a ETF from Global X by mirae Asset. Over the past year QQQ returned +25.22% while XYLG returned +18.90%. Year to date, QQQ is up 16.19% versus a gain of 10.36% for XYLG.
Over three years, QQQ compounded at +25.47% per year against +16.81% for XYLG; over five years the annualized figures are +14.34% and +9.95% respectively. Across the full 6-year window we track, XYLG has the edge at +13.05% annualized vs +13.01%. 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 12.1% for XYLG. 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 -21.3% for XYLG. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while XYLG charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 13.11% for XYLG.
Holdings Overlap
QQQ and XYLG share 86 holdings out of 505 unique holdings combined, representing a 55.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QQQ or XYLG?
QQQ has an expense ratio of 0.18% while XYLG charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or XYLG?
Over the past year QQQ returned +25.22% vs +18.90% for XYLG, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.01% vs +13.05% for XYLG. Past performance does not guarantee future results.
Which is riskier, QQQ or XYLG?
QQQ has been the more volatile fund at 30.6% annualized versus 12.1% for XYLG. Worst drawdown: QQQ -83.0% vs XYLG -21.3%.
Should I hold both QQQ and XYLG?
QQQ and XYLG have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XYLG?
QQQ and XYLG share 86 common holdings with a 55.2% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, QQQ or XYLG?
QQQ yields 0.44% while XYLG yields 13.11%, so XYLG currently pays the higher dividend yield.
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