QQQ vs ZJUL
Invesco QQQ Trust, Series 1 vs Innovator Equity Defined Protection ETF - 1 Yr July
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 | ZJUL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $496.3B | $192M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 5 | |
| YTD Return | +16.30% | +3.97% | |
| 1Y Return | +24.83% | +5.85% | |
| 3Y Return (annualized) | +25.48% | - | |
| 5Y Return (annualized) | +14.50% | - | |
| Volatility (annualized) | 30.6% | 3.4% | |
| Max Drawdown | -83.0% | -5.5% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jul 1, 2024 |
QQQ vs ZJUL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +24.83% while ZJUL returned +5.85%. Year to date, QQQ is up 16.30% versus a gain of 3.97% for ZJUL.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.4% for ZJUL. 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 -5.5% for ZJUL. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while ZJUL charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for ZJUL.
Holdings Overlap
QQQ and ZJUL share 0 holdings out of 103 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 ZJUL?
QQQ has an expense ratio of 0.18% while ZJUL charges 0.79%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, QQQ or ZJUL?
Over the past year QQQ returned +24.83% vs +5.85% for ZJUL, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.01% vs +7.26% for ZJUL. Past performance does not guarantee future results.
Which is riskier, QQQ or ZJUL?
QQQ has been the more volatile fund at 30.6% annualized versus 3.4% for ZJUL. Worst drawdown: QQQ -83.0% vs ZJUL -5.5%.
Should I hold both QQQ and ZJUL?
QQQ and ZJUL have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and ZJUL?
QQQ and ZJUL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or ZJUL?
QQQ yields 0.44% while ZJUL yields 0.00%, so QQQ currently pays the higher dividend yield.
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