OGSP vs QQQ
OGSP vs QQQ
Obra High Grade Structured Products ETF 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 | OGSP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.18% | |
| AUM | $29M | $455.8B | |
| Dividend Yield | 6.32% | 0.41% | |
| Holdings | 106 | 108 | |
| YTD Return | +2.52% | +12.48% | |
| 1Y Return | +5.30% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 0.9% | 30.6% | |
| Max Drawdown | -0.8% | -83.0% | |
| Fund Family | Obra Fund Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Mar 10, 1999 |
OGSP vs QQQ Performance
Obra High Grade Structured Products ETF (OGSP) is a ETF from Obra Fund Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OGSP returned +5.30% while QQQ returned +22.35%. Year to date, OGSP is up 2.52% versus a gain of 12.48% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.9% for OGSP. 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 -0.8% for OGSP 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OGSP charges 0.64% per year while QQQ charges 0.18%. On a $10,000 position that is $64 vs $18 annually, a gap of $46 per year that compounds over a long holding period. On income, OGSP currently yields 6.32% against 0.41% for QQQ.
Holdings Overlap
OGSP and QQQ share 0 holdings out of 107 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OGSP or QQQ?
OGSP has an expense ratio of 0.64% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, OGSP or QQQ?
Over the past year OGSP returned +5.30% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), OGSP annualized +5.75% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, OGSP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.9% for OGSP. Worst drawdown: OGSP -0.8% vs QQQ -83.0%.
Should I hold both OGSP and QQQ?
OGSP and QQQ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OGSP and QQQ?
OGSP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, OGSP or QQQ?
OGSP yields 6.32% while QQQ yields 0.41%, so OGSP currently pays the higher dividend yield.
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