OTAX vs QQQ
Optimal Tax Managed Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, OTAX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. OTAX is less concentrated, with 43.7% of the fund in its ten largest positions against 46.7%.
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 | OTAX | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $72M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 208 | 321 |
| YTD Return | -0.53% | +19.30%Best |
| 1Y Return | - | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Top 10 Weight | 43.7%Best | 46.7% |
| Fund Family | Optimal Tax Asset Management, Inc. | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 25, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
OTAX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OTAX vs QQQ Performance
Optimal Tax Managed Equity ETF (OTAX) is an ETF from Optimal Tax Asset Management, Inc. and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, OTAX is down 0.53% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
OTAX charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, OTAX currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
34.1% of OTAX's money is in holdings QQQ also owns. 73.9% of QQQ's money is in holdings OTAX also owns.
Most of QQQ is already inside OTAX. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 208 positions we hold weights for in OTAX and 101 in QQQ, against full books of 208 and 321.
What only one of them owns
Our book lists 57 positions for QQQ that do not appear in our book for OTAX (23.1% of the fund), and 154 for OTAX that do not appear in QQQ (60.6%).
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 OTAX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.39% | 8.33% | 2.94% |
| AAPLApple, Inc | 4.66% | 7.35% | 2.69% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.88% | 5.76% | 1.88% |
| AMZNAmazon.Com Inc | 2.50% | 4.07% | 1.57% |
| MUMicron Technology, Inc. | 1.16% | 5.02% | 3.86% |
| AMDAdvanced Micro Devices Inc. | 0.96% | 4.17% | 3.21% |
| GOOGLAlphabet Inc-cl A | 1.98% | 3.05% | 1.07% |
| METAMeta Platform Inc | 1.42% | 3.26% | 1.84% |
| AVGOBroadcom Inc | 2.02% | 2.53% | 0.51% |
| GOOGAlphabet, Inc.- Cl C | 1.70% | 2.85% | 1.15% |
73.9% of QQQ is already inside OTAX.
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, OTAX or QQQ?
OTAX has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option, by $40 a year on a $10,000 investment.
What is the holdings overlap between OTAX and QQQ?
73.9% of QQQ's money is in holdings OTAX also owns. 73.9% of QQQ's is in holdings OTAX also owns. They hold 36 positions in common, counted across the 208 positions we hold weights for in OTAX and 101 in QQQ.
Which pays a higher dividend, OTAX or QQQ?
OTAX yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than OTAX?
QQQ has a lower expense ratio. OTAX is less concentrated, with 43.7% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.