OVB vs QQQ
OVB vs QQQ
Overlay Shares Core Bond 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 | OVB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $47M | $455.8B | |
| Dividend Yield | 7.50% | 0.41% | |
| Holdings | 10 | 108 | |
| YTD Return | -1.47% | +17.27% | |
| 1Y Return | +0.28% | +28.64% | |
| 3Y Return (annualized) | +4.16% | +24.88% | |
| 5Y Return (annualized) | -0.86% | +14.86% | |
| Volatility (annualized) | 7.4% | 30.6% | |
| Max Drawdown | -21.7% | -83.0% | |
| Fund Family | Overlay Shares | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 30, 2019 | Mar 10, 1999 |
OVB vs QQQ Performance
Overlay Shares Core Bond ETF (OVB) is a ETF from Overlay Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OVB returned +0.28% while QQQ returned +28.64%. Year to date, OVB is down 1.47% versus a gain of 17.27% for QQQ.
Over three years, OVB compounded at +4.16% per year against +24.88% for QQQ; over five years the annualized figures are -0.86% and +14.86% respectively. Across the full 7-year window we track, QQQ has the edge at +13.08% annualized vs +1.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.4% for OVB. 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 -21.7% for OVB 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OVB charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, OVB currently yields 7.50% against 0.41% for QQQ.
Holdings Overlap
OVB 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, OVB or QQQ?
OVB has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, OVB or QQQ?
Over the past year OVB returned +0.28% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), OVB annualized +1.00% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, OVB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.4% for OVB. Worst drawdown: OVB -21.7% vs QQQ -83.0%.
Should I hold both OVB and QQQ?
OVB and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVB and QQQ?
OVB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, OVB or QQQ?
OVB yields 7.50% while QQQ yields 0.41%, so OVB currently pays the higher dividend yield.
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