PVEX vs QQQ
PVEX vs QQQ
TrueShares ConVex Protect 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 | PVEX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $55M | $455.8B | |
| Dividend Yield | 0.07% | 0.41% | |
| Holdings | 31 | 108 | |
| YTD Return | +10.45% | +16.83% | |
| 1Y Return | +20.99% | +26.58% | |
| 3Y Return (annualized) | - | +24.70% | |
| 5Y Return (annualized) | - | +14.88% | |
| Volatility (annualized) | 11.7% | 30.6% | |
| Max Drawdown | -7.8% | -83.0% | |
| Fund Family | TrueShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2025 | Mar 10, 1999 |
PVEX vs QQQ Performance
TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PVEX returned +20.99% while QQQ returned +26.58%. Year to date, PVEX is up 10.45% versus a gain of 16.83% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.7% for PVEX. 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 -7.8% for PVEX 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PVEX 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, PVEX currently yields 0.07% against 0.41% for QQQ.
Holdings Overlap
PVEX and QQQ share 0 holdings out of 114 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, PVEX or QQQ?
PVEX 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, PVEX or QQQ?
Over the past year PVEX returned +20.99% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), PVEX annualized +22.73% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, PVEX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.7% for PVEX. Worst drawdown: PVEX -7.8% vs QQQ -83.0%.
Should I hold both PVEX and QQQ?
PVEX and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVEX and QQQ?
PVEX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, PVEX or QQQ?
PVEX yields 0.07% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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