QQQ vs QQQX
QQQ vs QQQX
Invesco QQQ Trust, Series 1 vs Nuveen NASDAQ 100 Dynamic Overwrite Fund
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQX offers more diversification with 261 holdings.
Side-by-Side Comparison
| Metric | QQQ | QQQX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.92% | |
| AUM | $455.8B | $173M | |
| Dividend Yield | 0.41% | 7.87% | |
| Holdings | 108 | 284 | |
| YTD Return | +16.83% | +11.52% | |
| 1Y Return | +26.58% | +23.66% | |
| 3Y Return (annualized) | +24.70% | +17.09% | |
| 5Y Return (annualized) | +14.88% | +8.76% | |
| Volatility (annualized) | 30.6% | 20.2% | |
| Max Drawdown | -83.0% | -63.4% | |
| Fund Family | Invesco (US) | Nuveen | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jan 30, 2007 |
QQQ vs QQQX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is a ETF from Nuveen. Over the past year QQQ returned +26.58% while QQQX returned +23.66%. Year to date, QQQ is up 16.83% versus a gain of 11.52% for QQQX.
Over three years, QQQ compounded at +24.70% per year against +17.09% for QQQX; over five years the annualized figures are +14.88% and +8.76% respectively. Across the full 20-year window we track, QQQ has the edge at +13.06% annualized vs +4.39%. 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 20.2% for QQQX. 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 -83.0% for QQQ and -63.4% for QQQX. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while QQQX charges 0.92%. On a $10,000 position that is $18 vs $92 annually, a gap of $74 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 7.87% for QQQX.
Holdings Overlap
QQQ and QQQX share 28 holdings out of 336 unique holdings combined, representing a 52.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QQQX | Difference |
|---|---|---|---|
| NVDA | 7.88% | 10.24% | 2.36% |
| AAPL | 7.46% | 8.83% | 1.37% |
| MSFT | 4.65% | 7.86% | 3.21% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
See all 10 holdings QQQ shares with QQQX 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, QQQ or QQQX?
QQQ has an expense ratio of 0.18% while QQQX charges 0.92%. QQQ is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, QQQ or QQQX?
Over the past year QQQ returned +26.58% vs +23.66% for QQQX, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +13.06% vs +4.39% for QQQX. Past performance does not guarantee future results.
Which is riskier, QQQ or QQQX?
QQQ has been the more volatile fund at 30.6% annualized versus 20.2% for QQQX. Worst drawdown: QQQ -83.0% vs QQQX -63.4%.
Should I hold both QQQ and QQQX?
QQQ and QQQX have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and QQQX?
QQQ and QQQX share 28 common holdings with a 52.1% weight overlap. Combined, they hold 336 unique securities.
Which pays a higher dividend, QQQ or QQQX?
QQQ yields 0.41% while QQQX yields 7.87%, so QQQX currently pays the higher dividend yield.
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