LRNZ vs QQQ
TrueShares Technology, AI & Deep Learning ETF vs Invesco QQQ Trust, Series 1
Which is better, LRNZ or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. LRNZ led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.4%.
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 | LRNZ | QQQ |
|---|---|---|
| Expense Ratio | 0.68% | 0.18%Best |
| AUM | $43M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 52 | 321 |
| YTD Return | +36.15%Best | +19.30% |
| 1Y Return | +35.28%Best | +22.47% |
| 3Y Return (annualized) | +29.38%Best | +26.18% |
| 5Y Return (annualized) | +5.57% | +15.42%Best |
| Volatility (annualized) | 33.5% | 20.7%Best |
| Max Drawdown | -61.3% | -35.1%Best |
| $10,000 over 5 years | $13,113 | $20,484Best |
| Top 10 Weight | 54.4% | 46.7%Best |
| Fund Family | TrueShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Feb 28, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 2, 2020 to Oct 14, 2026 (6.6 years).
LRNZ 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 6.6 years both funds cover.
LRNZ vs QQQ Performance
TrueShares Technology, AI & Deep Learning ETF (LRNZ) is an ETF from TrueShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LRNZ returned +35.28% while QQQ returned +22.47%. Year to date, LRNZ is up 36.15% versus a gain of 19.30% for QQQ.
Over three years, LRNZ compounded at +29.38% per year against +26.18% for QQQ; over five years the annualized figures are +5.57% and +15.42% respectively. Across the full 7-year window we track, QQQ has the edge at +20.75% annualized vs +15.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LRNZ has been the more volatile fund, with annualized monthly volatility of 33.5% compared with 20.7% for QQQ. 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 -61.3% for LRNZ and -35.1% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LRNZ charges 0.68% per year while QQQ charges 0.18%. On a $10,000 position that is $68 vs $18 annually, a gap of $50 per year that compounds over a long holding period. On income, LRNZ currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
48.7% of LRNZ's money is in holdings QQQ also owns. 29.3% of QQQ's money is in holdings LRNZ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 26 positions we hold weights for in LRNZ and 101 in QQQ, against full books of 52 and 321.
What only one of them owns
Our book lists 80 positions for QQQ that do not appear in our book for LRNZ (67.0% of the fund), and 12 for LRNZ that do not appear in QQQ (49.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in LRNZ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.93% | 8.33% | 4.40% |
| MUMicron Technology, Inc. | 3.60% | 5.02% | 1.42% |
| AMDAdvanced Micro Devices Inc | 4.28% | 4.17% | 0.11% |
| CRWDCrowdstrike Holdings Inc | 6.70% | 1.13% | 5.57% |
| PANWPalo Alto Networks, Inc | 4.84% | 1.35% | 3.49% |
| GOOGAlphabet Inc. C | 3.29% | 2.85% | 0.44% |
| AVGOBroadcom Inc | 3.45% | 2.53% | 0.92% |
| DDOGDatadog Inc | 4.24% | 0.38% | 3.86% |
| MPWRMonolithic Power Systems Inc | 3.71% | 0.28% | 3.43% |
| ADIAnalog Devices, Inc. | 3.06% | 0.80% | 2.26% |
48.7% of LRNZ 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, LRNZ or QQQ?
LRNZ has an expense ratio of 0.68% while QQQ charges 0.18%. QQQ is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, LRNZ or QQQ?
Over the past year LRNZ returned +35.28% vs +22.47% for QQQ, so LRNZ leads on 1-year performance. Over the longest common window we track (7 years), LRNZ annualized +15.05% vs +20.75% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRNZ or QQQ?
LRNZ has been the more volatile fund at 33.5% annualized versus 20.7% for QQQ. Worst drawdown: LRNZ -61.3% vs QQQ -35.1%.
Should I hold both LRNZ and QQQ?
LRNZ and QQQ have a monthly-return correlation of 0.78, 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 LRNZ and QQQ?
48.7% of LRNZ's money is in holdings QQQ also owns. 29.3% of QQQ's is in holdings LRNZ also owns. They hold 13 positions in common, counted across the 26 positions we hold weights for in LRNZ and 101 in QQQ.
Which pays a higher dividend, LRNZ or QQQ?
LRNZ yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LRNZ?
QQQ has a lower expense ratio. LRNZ led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.