QQXL vs VOO
ProShares Ultra QQQ Top 30 vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. QQXL delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | QQXL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $6M | $997.4B | |
| Dividend Yield | 0.86% | 1.08% | |
| Holdings | 36 | 509 | |
| YTD Return | +24.88% | +12.68% | |
| 1Y Return | +42.92% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 50.4% | 14.1% | |
| Max Drawdown | -27.3% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 13, 2025 | Sep 7, 2010 |
QQXL vs VOO Performance
ProShares Ultra QQQ Top 30 (QQXL) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QQXL returned +42.92% while VOO returned +21.87%. Year to date, QQXL is up 24.88% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
QQXL has been the more volatile fund, with annualized monthly volatility of 50.4% compared with 14.1% for VOO. 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 -27.3% for QQXL and -34.3% for VOO. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQXL charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, QQXL currently yields 0.86% against 1.08% for VOO.
Holdings Overlap
QQXL and VOO share 30 holdings out of 506 unique holdings combined, representing a 10.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQXL or VOO?
QQXL has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, QQXL or VOO?
Over the past year QQXL returned +42.92% vs +21.87% for VOO, so QQXL leads on 1-year performance. Over the longest common window we track (1 years), QQXL annualized +34.30% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, QQXL or VOO?
QQXL has been the more volatile fund at 50.4% annualized versus 14.1% for VOO. Worst drawdown: QQXL -27.3% vs VOO -34.3%.
Should I hold both QQXL and VOO?
QQXL and VOO have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQXL and VOO?
QQXL and VOO share 30 common holdings with a 10.7% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, QQXL or VOO?
QQXL yields 0.86% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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