QQXL vs VOO
ProShares Ultra QQQ Top 30 vs Vanguard S&P 500 ETF
Which is better, QQXL or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. QQXL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | QQXL | VOO |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $5M | $997.4B |
| Dividend Yield | 0.80% | 1.04% |
| Holdings | 35 | 509 |
| YTD Return | +26.83%Best | +11.98% |
| 1Y Return | +31.65%Best | +16.45% |
| 3Y Return (annualized) | - | +21.19% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 48.5% | 12.9%Best |
| Max Drawdown | -27.3% | -8.9%Best |
| $10,000 over 1.1 years | $13,776Best | $11,998 |
| Fund Family | ProShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Aug 13, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 15, 2025 to Sep 14, 2026 (1.1 years).
QQXL vs VOO 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 1.1 years both funds cover.
QQXL vs VOO Performance
ProShares Ultra QQQ Top 30 (QQXL) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QQXL returned +31.65% while VOO returned +16.45%. Year to date, QQXL is up 26.83% versus a gain of 11.98% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQXL has been the more volatile fund, with annualized monthly volatility of 48.5% compared with 12.9% 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 -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.80% against 1.04% for VOO.
Holdings Overlap
At least 47.1% of VOO's money is in holdings QQXL also owns.
Stated as a floor: for QQXL, our book for it covers 11.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
31 positions in common, counted across the 31 positions we hold weights for in QQXL and 494 in VOO, against full books of 35 and 509.
Top Shared Holdings
| Stock | Weight in QQXL | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.27% | 7.55% | 6.28% |
| AAPLApple, Inc | 1.11% | 7.05% | 5.94% |
| MSFTMicrosoft Corp | 0.90% | 5.36% | 4.46% |
| AMZNAmazon.Com Inc | 0.66% | 4.13% | 3.47% |
| GOOGLAlphabet Inc,class A | 0.47% | 3.24% | 2.77% |
| AVGOBroadcom Inc | 0.42% | 2.86% | 2.44% |
| GOOGAlphabet Inc | 0.43% | 2.62% | 2.19% |
| METAMeta Platforms Inc | 0.40% | 1.90% | 1.50% |
| MUMicron Technology, Inc. | 0.71% | 1.44% | 0.73% |
| TSLATesla Inc | 0.44% | 1.36% | 0.92% |
47.1% of VOO is already inside QQXL.
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, QQXL or VOO?
QQXL has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, QQXL or VOO?
Over the past year QQXL returned +31.65% vs +16.45% for VOO, so QQXL leads on 1-year performance. Over the longest common window we track (1 years), QQXL annualized +33.81% vs +18.01% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQXL or VOO?
QQXL has been the more volatile fund at 48.5% annualized versus 12.9% for VOO. Worst drawdown: QQXL -27.3% vs VOO -8.9%.
Should I hold both QQXL and VOO?
QQXL and VOO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQXL and VOO?
At least 47.1% of VOO's money is in holdings QQXL also owns. Our book for QQXL is partial, so the real figure is this or higher. They hold 31 positions in common, counted across the 31 positions we hold weights for in QQXL and 494 in VOO.
Which pays a higher dividend, QQXL or VOO?
QQXL yields 0.80% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than QQXL?
VOO has a lower expense ratio. QQXL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.