LTL vs QQQ
LTL vs QQQ
ProShares Ultra Communication Services vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | LTL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $6M | $455.8B | |
| Dividend Yield | 1.07% | 0.41% | |
| Holdings | 29 | 108 | |
| YTD Return | -12.68% | +14.45% | |
| 1Y Return | -0.04% | +24.70% | |
| 3Y Return (annualized) | +30.27% | +24.19% | |
| 5Y Return (annualized) | +15.05% | +14.49% | |
| Volatility (annualized) | 34.2% | 30.6% | |
| Max Drawdown | -80.7% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 25, 2008 | Mar 10, 1999 |
LTL vs QQQ Performance
ProShares Ultra Communication Services (LTL) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LTL returned -0.04% while QQQ returned +24.70%. Year to date, LTL is down 12.68% versus a gain of 14.45% for QQQ.
Over three years, LTL compounded at +30.27% per year against +24.19% for QQQ; over five years the annualized figures are +15.05% and +14.49% respectively. Across the full 18-year window we track, QQQ has the edge at +12.98% annualized vs +5.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LTL has been the more volatile fund, with annualized monthly volatility of 34.2% compared with 30.6% for QQQ. 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 -80.7% for LTL and -83.0% for QQQ. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LTL charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, LTL currently yields 1.07% against 0.41% for QQQ.
Holdings Overlap
LTL and QQQ share 9 holdings out of 117 unique holdings combined, representing a 12.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in LTL | Weight in QQQ | Difference |
|---|---|---|---|
| META | 10.56% | 3.11% | 7.45% |
| GOOGL | 6.67% | 3.29% | 3.38% |
| GOOG | 5.36% | 3.06% | 2.30% |
| NFLX | Pro | Pro | Pro |
| TMUS | Pro | Pro | Pro |
| TTWO | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| EA | Pro | Pro | Pro |
| WBD | Pro | Pro | Pro |
See all 9 holdings LTL shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, LTL or QQQ?
LTL has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, LTL or QQQ?
Over the past year LTL returned -0.04% vs +24.70% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (18 years), LTL annualized +5.79% vs +12.98% for QQQ. Past performance does not guarantee future results.
Which is riskier, LTL or QQQ?
LTL has been the more volatile fund at 34.2% annualized versus 30.6% for QQQ. Worst drawdown: LTL -80.7% vs QQQ -83.0%.
Should I hold both LTL and QQQ?
LTL and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LTL and QQQ?
LTL and QQQ share 9 common holdings with a 12.8% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, LTL or QQQ?
LTL yields 1.07% while QQQ yields 0.41%, so LTL currently pays the higher dividend yield.
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