QQQ vs ZNOV
Invesco QQQ Trust, Series 1 vs Innovator Equity Defined Protection ETF - 1 Yr November
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 | ZNOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $496.3B | $105M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 5 | |
| YTD Return | +17.89% | +4.33% | |
| 1Y Return | +26.35% | +6.18% | |
| 3Y Return (annualized) | +26.02% | - | |
| 5Y Return (annualized) | +14.59% | - | |
| Volatility (annualized) | 30.6% | 2.8% | |
| Max Drawdown | -83.0% | -3.3% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Nov 1, 2024 |
QQQ vs ZNOV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +26.35% while ZNOV returned +6.18%. Year to date, QQQ is up 17.89% versus a gain of 4.33% for ZNOV.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.8% for ZNOV. 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 -3.3% for ZNOV. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while ZNOV 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 ZNOV.
Frequently Asked Questions
Which is cheaper, QQQ or ZNOV?
QQQ has an expense ratio of 0.18% while ZNOV 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 ZNOV?
Over the past year QQQ returned +26.35% vs +6.18% for ZNOV, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.07% vs +6.28% for ZNOV. Past performance does not guarantee future results.
Which is riskier, QQQ or ZNOV?
QQQ has been the more volatile fund at 30.6% annualized versus 2.8% for ZNOV. Worst drawdown: QQQ -83.0% vs ZNOV -3.3%.
Should I hold both QQQ and ZNOV?
QQQ and ZNOV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or ZNOV?
QQQ yields 0.44% while ZNOV yields 0.00%, so QQQ currently pays the higher dividend yield.
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