QQQ vs ZALT
Invesco QQQ Trust, Series 1 vs Innovator US Equity 10 Buffer ETF - Quarterly
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 | ZALT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.69% | |
| AUM | $496.3B | $782M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 6 | |
| YTD Return | +16.64% | +5.58% | |
| 1Y Return | +27.27% | +9.69% | |
| 3Y Return (annualized) | +25.96% | +10.83% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 3.9% | |
| Max Drawdown | -83.0% | -8.2% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Oct 2, 2023 |
QQQ vs ZALT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +27.27% while ZALT returned +9.69%. Year to date, QQQ is up 16.64% versus a gain of 5.58% for ZALT.
Over three years, QQQ compounded at +25.96% per year against +10.83% for ZALT. Across the full 3-year window we track, QQQ has the edge at +13.03% annualized vs +10.83%. 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 3.9% for ZALT. 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 -8.2% for ZALT. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while ZALT charges 0.69%. On a $10,000 position that is $18 vs $69 annually, a gap of $51 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for ZALT.
Frequently Asked Questions
Which is cheaper, QQQ or ZALT?
QQQ has an expense ratio of 0.18% while ZALT charges 0.69%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, QQQ or ZALT?
Over the past year QQQ returned +27.27% vs +9.69% for ZALT, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +10.83% for ZALT. Past performance does not guarantee future results.
Which is riskier, QQQ or ZALT?
QQQ has been the more volatile fund at 30.6% annualized versus 3.9% for ZALT. Worst drawdown: QQQ -83.0% vs ZALT -8.2%.
Should I hold both QQQ and ZALT?
QQQ and ZALT have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or ZALT?
QQQ yields 0.44% while ZALT yields 0.00%, so QQQ currently pays the higher dividend yield.
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