QQQ vs SHRT
QQQ vs SHRT
Invesco QQQ Trust, Series 1 vs Gotham Short Strategies ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SHRT offers more diversification with 399 holdings.
Side-by-Side Comparison
| Metric | QQQ | SHRT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 1.35% | |
| AUM | $455.8B | $15M | |
| Dividend Yield | 0.41% | 0.08% | |
| Holdings | 108 | 806 | |
| YTD Return | +16.83% | -15.42% | |
| 1Y Return | +26.58% | -16.13% | |
| 3Y Return (annualized) | +24.70% | - | |
| 5Y Return (annualized) | +14.88% | - | |
| Volatility (annualized) | 30.6% | 13.2% | |
| Max Drawdown | -83.0% | -27.8% | |
| Fund Family | Invesco (US) | Gotham ETFs | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Nov 6, 2023 |
QQQ vs SHRT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Gotham Short Strategies ETF (SHRT) is a ETF from Gotham ETFs. Over the past year QQQ returned +26.58% while SHRT returned -16.13%. Year to date, QQQ is up 16.83% versus a loss of 15.42% for SHRT.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.2% for SHRT. 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 -27.8% for SHRT. 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 -0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SHRT charges 1.35%. On a $10,000 position that is $18 vs $135 annually, a gap of $117 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.08% for SHRT.
Holdings Overlap
QQQ and SHRT share 29 holdings out of 473 unique holdings combined, representing a 3.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SHRT | Difference |
|---|---|---|---|
| MU | 4.67% | 1.35% | 3.32% |
| MSFT | 4.65% | -1.08% | 5.73% |
| TSLA | 3.16% | -0.19% | 3.35% |
| AMZN | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| ALNY | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SHRT 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 SHRT?
QQQ has an expense ratio of 0.18% while SHRT charges 1.35%. QQQ is the cheaper option. On a $10,000 investment, that is $117 per year of difference.
Which performed better, QQQ or SHRT?
Over the past year QQQ returned +26.58% vs -16.13% for SHRT, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.06% vs -8.71% for SHRT. Past performance does not guarantee future results.
Which is riskier, QQQ or SHRT?
QQQ has been the more volatile fund at 30.6% annualized versus 13.2% for SHRT. Worst drawdown: QQQ -83.0% vs SHRT -27.8%.
Should I hold both QQQ and SHRT?
QQQ and SHRT have a monthly-return correlation of -0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SHRT?
QQQ and SHRT share 29 common holdings with a 3.8% weight overlap. Combined, they hold 473 unique securities.
Which pays a higher dividend, QQQ or SHRT?
QQQ yields 0.41% while SHRT yields 0.08%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.