OZEM vs QQQ
Roundhill GLP-1 & Weight Loss ETF vs Invesco QQQ Trust, Series 1
Which is better, OZEM or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 66.4%.
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 | OZEM | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $54M | $506.1B |
| Dividend Yield | 1.33% | 0.42% |
| Holdings | 27 | 321 |
| YTD Return | -16.33% | +19.30%Best |
| 1Y Return | +3.35% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 20.4% | 17.4%Best |
| Max Drawdown | -28.6% | -22.8%Best |
| $10,000 over 2.4 years | $11,485 | $16,208Best |
| Top 10 Weight | 66.4% | 46.7%Best |
| Fund Family | Roundhill Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 21, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 21, 2024 to Oct 14, 2026 (2.4 years).
OZEM 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 2.4 years both funds cover.
OZEM vs QQQ Performance
Roundhill GLP-1 & Weight Loss ETF (OZEM) is an ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OZEM returned +3.35% while QQQ returned +22.47%. Year to date, OZEM is down 16.33% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OZEM has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 17.4% 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 -28.6% for OZEM and -22.8% 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 0.19. They move largely independently of each other.
Fees and Cost Over Time
OZEM charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, OZEM currently yields 1.33% against 0.42% for QQQ.
Holdings Overlap
6.1% of OZEM's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings OZEM also owns.
OZEM and QQQ share little of their money.
2 positions in common, counted across the 25 positions we hold weights for in OZEM and 101 in QQQ, against full books of 27 and 321.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for OZEM (94.6% of the fund), and 8 for OZEM that do not appear in QQQ (35.1%).
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.
You are not choosing between two funds in isolation.
Whichever of OZEM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OZEM or QQQ?
OZEM has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, OZEM or QQQ?
Over the past year OZEM returned +3.35% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), OZEM annualized +5.94% vs +22.29% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OZEM or QQQ?
OZEM has been the more volatile fund at 20.4% annualized versus 17.4% for QQQ. Worst drawdown: OZEM -28.6% vs QQQ -22.8%.
Should I hold both OZEM and QQQ?
OZEM and QQQ have a monthly-return correlation of 0.19, 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 OZEM and QQQ?
6.1% of OZEM's money is in holdings QQQ also owns. 1.7% of QQQ's is in holdings OZEM also owns. They hold 2 positions in common, counted across the 25 positions we hold weights for in OZEM and 101 in QQQ.
Which pays a higher dividend, OZEM or QQQ?
OZEM yields 1.33% while QQQ yields 0.42%, so OZEM currently pays the higher dividend yield.
Is QQQ better than OZEM?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 66.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.