QQXL vs VYM
ProShares Ultra QQQ Top 30 vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. QQXL delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | QQXL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $6M | $81.6B | |
| Dividend Yield | 0.86% | 2.24% | |
| Holdings | 36 | 616 | |
| YTD Return | +24.88% | +15.34% | |
| 1Y Return | +42.92% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 50.4% | 14.6% | |
| Max Drawdown | -27.3% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 13, 2025 | Nov 10, 2006 |
QQXL vs VYM Performance
ProShares Ultra QQQ Top 30 (QQXL) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QQXL returned +42.92% while VYM returned +23.24%. Year to date, QQXL is up 24.88% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
QQXL has been the more volatile fund, with annualized monthly volatility of 50.4% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQXL charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, QQXL currently yields 0.86% against 2.24% for VYM.
Holdings Overlap
QQXL and VYM share 8 holdings out of 626 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQXL or VYM?
QQXL has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, QQXL or VYM?
Over the past year QQXL returned +42.92% vs +23.24% for VYM, so QQXL leads on 1-year performance. Over the longest common window we track (1 years), QQXL annualized +34.30% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, QQXL or VYM?
QQXL has been the more volatile fund at 50.4% annualized versus 14.6% for VYM. Worst drawdown: QQXL -27.3% vs VYM -58.8%.
Should I hold both QQXL and VYM?
QQXL and VYM have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQXL and VYM?
QQXL and VYM share 8 common holdings with a 1.5% weight overlap. Combined, they hold 626 unique securities.
Which pays a higher dividend, QQXL or VYM?
QQXL yields 0.86% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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