QQQ vs TRPA
QQQ vs TRPA
Invesco QQQ Trust, Series 1 vs Hartford AAA CLO ETF
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 | QQQ | TRPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.24% | |
| AUM | $455.8B | $111M | |
| Dividend Yield | 0.41% | 5.07% | |
| Holdings | 108 | 123 | |
| YTD Return | +17.27% | -0.22% | |
| 1Y Return | +28.64% | +1.61% | |
| 3Y Return (annualized) | +24.88% | +5.01% | |
| 5Y Return (annualized) | +14.86% | +2.76% | |
| Volatility (annualized) | 30.6% | 3.5% | |
| Max Drawdown | -83.0% | -10.8% | |
| Fund Family | Invesco (US) | Hartford Funds | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | May 30, 2018 |
QQQ vs TRPA Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Hartford AAA CLO ETF (TRPA) is a ETF from Hartford Funds. Over the past year QQQ returned +28.64% while TRPA returned +1.61%. Year to date, QQQ is up 17.27% versus a loss of 0.22% for TRPA.
Over three years, QQQ compounded at +24.88% per year against +5.01% for TRPA; over five years the annualized figures are +14.86% and +2.76% respectively. Across the full 8-year window we track, QQQ has the edge at +13.08% annualized vs +3.12%. 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 3.5% for TRPA. 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 -10.8% for TRPA. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TRPA charges 0.24%. On a $10,000 position that is $18 vs $24 annually, a gap of $6 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 5.07% for TRPA.
Holdings Overlap
QQQ and TRPA 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, QQQ or TRPA?
QQQ has an expense ratio of 0.18% while TRPA charges 0.24%. QQQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, QQQ or TRPA?
Over the past year QQQ returned +28.64% vs +1.61% for TRPA, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), QQQ annualized +13.08% vs +3.12% for TRPA. Past performance does not guarantee future results.
Which is riskier, QQQ or TRPA?
QQQ has been the more volatile fund at 30.6% annualized versus 3.5% for TRPA. Worst drawdown: QQQ -83.0% vs TRPA -10.8%.
Should I hold both QQQ and TRPA?
QQQ and TRPA have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TRPA?
QQQ and TRPA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, QQQ or TRPA?
QQQ yields 0.41% while TRPA yields 5.07%, so TRPA currently pays the higher dividend yield.
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