QQQ vs SPUU
QQQ vs SPUU
Invesco QQQ Trust, Series 1 vs Direxion Daily S&P 500 Bull 2X ETF
Quick Verdict
QQQ has a lower expense ratio. SPUU delivered stronger 1-year returns. SPUU offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPUU | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.60% | |
| AUM | $455.8B | $248M | |
| Dividend Yield | 0.41% | 1.34% | |
| Holdings | 108 | 510 | |
| YTD Return | +12.48% | +16.16% | |
| 1Y Return | +22.35% | +33.51% | |
| 3Y Return (annualized) | +22.30% | +31.33% | |
| 5Y Return (annualized) | +14.24% | +17.83% | |
| Volatility (annualized) | 30.6% | 30.5% | |
| Max Drawdown | -83.0% | -59.4% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | May 28, 2014 |
QQQ vs SPUU Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Direxion Daily S&P 500 Bull 2X ETF (SPUU) is a ETF from Direxion Shares ETF Trust. Over the past year QQQ returned +22.35% while SPUU returned +33.51%. Year to date, QQQ is up 12.48% versus a gain of 16.16% for SPUU.
Over three years, QQQ compounded at +22.30% per year against +31.33% for SPUU; over five years the annualized figures are +14.24% and +17.83% respectively. Across the full 12-year window we track, SPUU has the edge at +18.27% annualized vs +12.91%. 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 30.5% for SPUU. 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 -59.4% for SPUU. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPUU charges 0.60%. On a $10,000 position that is $18 vs $60 annually, a gap of $42 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.34% for SPUU.
Holdings Overlap
QQQ and SPUU share 86 holdings out of 522 unique holdings combined, representing a 50.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPUU | Difference |
|---|---|---|---|
| NVDA | 7.88% | 7.54% | 0.34% |
| AAPL | 7.46% | 6.19% | 1.27% |
| MSFT | 4.65% | 4.58% | 0.07% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPUU 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 SPUU?
QQQ has an expense ratio of 0.18% while SPUU charges 0.60%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, QQQ or SPUU?
Over the past year QQQ returned +22.35% vs +33.51% for SPUU, so SPUU leads on 1-year performance. Over the longest common window we track (12 years), QQQ annualized +12.91% vs +18.27% for SPUU. Past performance does not guarantee future results.
Which is riskier, QQQ or SPUU?
QQQ has been the more volatile fund at 30.6% annualized versus 30.5% for SPUU. Worst drawdown: QQQ -83.0% vs SPUU -59.4%.
Should I hold both QQQ and SPUU?
QQQ and SPUU have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and SPUU?
QQQ and SPUU share 86 common holdings with a 50.7% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, QQQ or SPUU?
QQQ yields 0.41% while SPUU yields 1.34%, so SPUU currently pays the higher dividend yield.
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