QQQ vs ZALT
Invesco QQQ Trust, Series 1 vs Innovator US Equity 10 Buffer ETF - Quarterly
Which is better, QQQ or ZALT?
Large Cap Growth against Multi Alternative.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. ZALT is less concentrated, with 38.8% of the fund in its ten largest positions against 46.9%.
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 | ZALT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.69% |
| AUM | $437.3B | $835M |
| Dividend Yield | 0.43% | 0.00% |
| Holdings | 208 | 1,015 |
| YTD Return | +12.98%Best | +6.38% |
| 1Y Return | +11.59%Best | +7.43% |
| 3Y Return (annualized) | +23.05%Best | +10.02% |
| 5Y Return (annualized) | +12.74% | - |
| Volatility (annualized) | 17.6% | 3.8%Best |
| Max Drawdown | -22.8% | -8.2%Best |
| $10,000 over 3.1 years | $19,393Best | $13,544 |
| Top 10 Weight | 46.9% | 38.8%Best |
| Fund Family | Invesco (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | Oct 2, 2023 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Oct 2, 2023 to Nov 11, 2026 (3.1 years).
QQQ vs ZALT 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 covers the 3.1 years both funds cover.
QQQ vs ZALT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is an ETF from Innovator ETFs Trust. Over the past year QQQ returned +11.59% while ZALT returned +7.43%. Year to date, QQQ is up 12.98% versus a gain of 6.38% for ZALT.
Over three years, QQQ compounded at +23.05% per year against +10.02% for ZALT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 3.8% 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 -22.8% for QQQ and -8.2% for ZALT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 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 0.43% against 0.00% for ZALT.
Holdings Overlap
92.6% of QQQ's money is in holdings ZALT also owns. 55.0% of ZALT's money is in holdings QQQ also owns.
Most of QQQ is already inside ZALT. Owning both mostly buys the same companies twice.
85 positions in common, counted across the 101 positions we hold weights for in QQQ and 493 in ZALT, against full books of 208 and 1,015.
What only one of them owns
Our book lists 408 positions for ZALT that do not appear in our book for QQQ (44.7% of the fund), and 9 for QQQ that do not appear in ZALT (4.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in ZALT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.05% | 8.05% | 0.00% |
| AAPLApple Inc | 7.68% | 7.52% | 0.16% |
| MSFTMicrosoft Corp | 6.16% | 5.95% | 0.21% |
| AMZNAmazon.Com Inc | 4.23% | 3.75% | 0.48% |
| GOOGLAlphabet Inc | 3.15% | 3.06% | 0.09% |
| MUMicron Technology, Inc. | 4.47% | 1.55% | 2.92% |
| METAMeta Platforms Inc | 3.37% | 2.44% | 0.93% |
| GOOGAlphabet Inc. C | 2.93% | 2.45% | 0.48% |
| AMDAdvanced Micro Devices Inc | 3.90% | 1.40% | 2.50% |
| AVGOBroadcom Inc | 2.52% | 2.47% | 0.05% |
92.6% of QQQ is already inside ZALT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $51 a year on a $10,000 investment.
Which performed better, QQQ or ZALT?
Over the past year QQQ returned +11.59% vs +7.43% for ZALT, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or ZALT?
QQQ has been the more volatile fund at 17.6% annualized versus 3.8% for ZALT. Worst drawdown: QQQ -22.8% vs ZALT -8.2%.
Should I hold both QQQ and ZALT?
QQQ and ZALT have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and ZALT?
92.6% of QQQ's money is in holdings ZALT also owns. 55.0% of ZALT's is in holdings QQQ also owns. They hold 85 positions in common, counted across the 101 positions we hold weights for in QQQ and 493 in ZALT.
Which pays a higher dividend, QQQ or ZALT?
QQQ yields 0.43% while ZALT yields 0.00%, so QQQ currently pays the higher dividend yield.
Is ZALT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. ZALT is less concentrated, with 38.8% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.