OOSP vs QQQ
OOSP vs QQQ
Obra Opportunistic 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 | OOSP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.18% | |
| AUM | $151M | $455.8B | |
| Dividend Yield | 6.96% | 0.41% | |
| Holdings | 103 | 108 | |
| YTD Return | +3.41% | +18.20% | |
| 1Y Return | +6.25% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 1.4% | 30.6% | |
| Max Drawdown | -1.3% | -83.0% | |
| Fund Family | Obra Fund Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Mar 10, 1999 |
OOSP vs QQQ Performance
Obra Opportunistic Structured Products ETF (OOSP) is a ETF from Obra Fund Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OOSP returned +6.25% while QQQ returned +27.63%. Year to date, OOSP is up 3.41% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.4% for OOSP. 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 -1.3% for OOSP 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OOSP 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, OOSP currently yields 6.96% against 0.41% for QQQ.
Holdings Overlap
OOSP and QQQ share 0 holdings out of 105 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, OOSP or QQQ?
OOSP 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, OOSP or QQQ?
Over the past year OOSP returned +6.25% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), OOSP annualized +7.20% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, OOSP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.4% for OOSP. Worst drawdown: OOSP -1.3% vs QQQ -83.0%.
Should I hold both OOSP and QQQ?
OOSP and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OOSP and QQQ?
OOSP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, OOSP or QQQ?
OOSP yields 6.96% while QQQ yields 0.41%, so OOSP currently pays the higher dividend yield.
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