BFRZ vs QQQ
Innovator Equity Managed 100 Buffer ETF vs Invesco QQQ Trust, Series 1
Which is better, BFRZ or QQQ?
Option Writing against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | BFRZ | QQQ |
|---|---|---|
| Expense Ratio | 0.89% | 0.18%Best |
| AUM | $147M | $506.1B |
| Dividend Yield | 0.25% | 0.42% |
| Holdings | 567 | 321 |
| YTD Return | +1.76% | +19.30%Best |
| 1Y Return | +3.04% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 4.0%Best | 19.0% |
| Max Drawdown | -3.1%Best | -12.0% |
| $10,000 over 1.4 years | $10,916 | $14,162Best |
| Fund Family | Innovator ETFs Trust | Invesco (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Growth |
| Inception | May 13, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 13, 2025 to Oct 14, 2026 (1.4 years).
BFRZ 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 1.4 years both funds cover.
BFRZ vs QQQ Performance
Innovator Equity Managed 100 Buffer ETF (BFRZ) is an ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BFRZ returned +3.04% while QQQ returned +22.47%. Year to date, BFRZ is up 1.76% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 4.0% for BFRZ. 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 -3.1% for BFRZ and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BFRZ charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, BFRZ currently yields 0.25% against 0.42% for QQQ.
Holdings Overlap
At least 73.8% of QQQ's money is in holdings BFRZ also owns.
Stated as a floor: for BFRZ, our book for it covers 94.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of QQQ is already inside BFRZ. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 177 positions we hold weights for in BFRZ and 101 in QQQ, against full books of 567 and 321.
Top Shared Holdings
| Stock | Weight in BFRZ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.86% | 8.33% | 0.47% |
| AAPLApple, Inc | 7.13% | 7.35% | 0.22% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.70% | 5.76% | 0.06% |
| AMZNAmazon.Com Inc | 3.82% | 4.07% | 0.25% |
| MUMicron Technology, Inc. | 1.94% | 5.02% | 3.08% |
| GOOGLAlphabet Inc-cl A | 3.05% | 3.05% | 0.00% |
| AMDAdvanced Micro Devices Inc. | 1.69% | 4.17% | 2.48% |
| METAMeta Platform Inc | 2.46% | 3.26% | 0.80% |
| GOOGAlphabet, Inc.- Cl C | 2.59% | 2.85% | 0.26% |
| AVGOBroadcom Inc | 2.56% | 2.53% | 0.03% |
73.8% of QQQ is already inside BFRZ.
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, BFRZ or QQQ?
BFRZ has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, BFRZ or QQQ?
Over the past year BFRZ returned +3.04% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +6.46% vs +28.22% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BFRZ or QQQ?
QQQ has been the more volatile fund at 19.0% annualized versus 4.0% for BFRZ. Worst drawdown: BFRZ -3.1% vs QQQ -12.0%.
Should I hold both BFRZ and QQQ?
BFRZ and QQQ have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BFRZ and QQQ?
At least 73.8% of QQQ's money is in holdings BFRZ also owns. Our book for BFRZ is partial, so the real figure is this or higher. They hold 40 positions in common, counted across the 177 positions we hold weights for in BFRZ and 101 in QQQ.
Which pays a higher dividend, BFRZ or QQQ?
BFRZ yields 0.25% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BFRZ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.