BERZ vs QQQ
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN vs Invesco QQQ Trust, Series 1
Which is better, BERZ or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.95, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 68.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BERZ | QQQ |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $6M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 15 | 321 |
| YTD Return | -67.77% | +19.30%Best |
| 1Y Return | -72.86% | +22.47%Best |
| 3Y Return (annualized) | -76.11% | +26.18%Best |
| 5Y Return (annualized) | -66.66% | +15.42%Best |
| Volatility (annualized) | 82.1% | 20.8%Best |
| Max Drawdown | - | -35.1% |
| $10,000 over 5 years | $41 | $20,484Best |
| Top 10 Weight | 68.3% | 46.7%Best |
| Fund Family | BMO Capital Markets | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Growth |
| Inception | Aug 17, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 18, 2021 to Oct 14, 2026 (5.2 years).
BERZ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.2 years both funds cover.
BERZ vs QQQ Performance
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) is an ETF from BMO Capital Markets and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BERZ returned -72.86% while QQQ returned +22.47%. Year to date, BERZ is down 67.77% versus a gain of 19.30% for QQQ.
Over three years, BERZ compounded at -76.11% per year against +26.18% for QQQ; over five years the annualized figures are -66.66% and +15.42% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BERZ has been the more volatile fund, with annualized monthly volatility of 82.1% compared with 20.8% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.95. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
BERZ charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, BERZ currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
87.5% of BERZ's money is in holdings QQQ also owns. 52.0% of QQQ's money is in holdings BERZ also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
13 positions in common, counted across the 15 positions we hold weights for in BERZ and 101 in QQQ, against full books of 15 and 321.
What only one of them owns
Measured across the 15 and 101 positions we hold weights for.
QQQ holds 80 positions BERZ does not, 44.3% of the fund.
Largest: GOOG 2.85%, SPCX 2.70%, WMT 2.11%, CSCO 1.77%, LRCX 1.72%
Top Shared Holdings
| Stock | Weight in BERZ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.74% | 8.33% | 1.59% |
| AAPLApple, Inc | 6.50% | 7.35% | 0.85% |
| MSFTMicrosoft Corp | 6.81% | 5.76% | 1.05% |
| MUMicron Technology, Inc. | 6.88% | 5.02% | 1.86% |
| AMDAdvanced Micro Devices Inc | 7.17% | 4.17% | 3.00% |
| AMZNAmazon.Com Inc | 6.44% | 4.07% | 2.37% |
| METAMeta Platforms Inc | 7.15% | 3.26% | 3.89% |
| INTCIntel Corporation | 7.26% | 2.64% | 4.62% |
| GOOGLAlphabet Inc | 6.46% | 3.05% | 3.41% |
| TSLATesla Inc | 6.39% | 2.82% | 3.57% |
87.5% of BERZ is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BERZ or QQQ?
BERZ has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, BERZ or QQQ?
Over the past year BERZ returned -72.86% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BERZ or QQQ?
BERZ has been the more volatile fund at 82.1% annualized versus 20.8% for QQQ.
Should I hold both BERZ and QQQ?
BERZ and QQQ have a monthly-return correlation of -0.95, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between BERZ and QQQ?
87.5% of BERZ's money is in holdings QQQ also owns. 52.0% of QQQ's is in holdings BERZ also owns. They hold 13 positions in common, counted across the 15 positions we hold weights for in BERZ and 101 in QQQ.
Which pays a higher dividend, BERZ or QQQ?
BERZ yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BERZ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.95, so holding both offsets the exposure while paying both fees. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 68.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.