QQQ vs QYLG
Invesco QQQ Trust, Series 1 vs Global X Nasdaq 100 Covered Call & Growth ETF
Which is better, QQQ or QYLG?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, QYLG over 1Y. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 47.8%.
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 | QQQ | QYLG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $506.1B | $184M |
| Dividend Yield | 0.42% | 16.75% |
| Holdings | 321 | 104 |
| YTD Return | +19.30%Best | +18.02% |
| 1Y Return | +22.47% | +23.16%Best |
| 3Y Return (annualized) | +26.18%Best | +21.22% |
| 5Y Return (annualized) | +15.42%Best | +12.27% |
| Volatility (annualized) | 20.0% | 15.1%Best |
| Max Drawdown | -35.1% | -30.0%Best |
| $10,000 over 5 years | $20,484Best | $17,837 |
| Top 10 Weight | 46.7%Best | 47.8% |
| Fund Family | Invesco (US) | GLOBALXETFS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Sep 18, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2020 to Oct 14, 2026 (6.1 years).
QQQ vs QYLG 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 6.1 years both funds cover.
QQQ vs QYLG Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an ETF from GLOBALXETFS. Over the past year QQQ returned +22.47% while QYLG returned +23.16%. Year to date, QQQ is up 19.30% versus a gain of 18.02% for QYLG.
Over three years, QQQ compounded at +26.18% per year against +21.22% for QYLG; over five years the annualized figures are +15.42% and +12.27% respectively. Across the full 6-year window we track, QQQ has the edge at +18.29% annualized vs +14.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.1% for QYLG. 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 -35.1% for QQQ and -30.0% for QYLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while QYLG charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 16.75% for QYLG.
Holdings Overlap
95.8% of QQQ's money is in holdings QYLG also owns. 98.0% of QYLG's money is in holdings QQQ also owns.
Most of QYLG is already inside QQQ. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 101 positions we hold weights for in QQQ and 101 in QYLG, against full books of 321 and 104.
What only one of them owns
Our book lists 3 positions for QYLG that do not appear in our book for QQQ (3.0% of the fund), and 1 for QQQ that do not appear in QYLG (2.8%).
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 QQQ | Weight in QYLG | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.33% | 8.59% | 0.26% |
| AAPLApple, Inc | 7.35% | 7.45% | 0.10% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.88% | 0.12% |
| MUMicron Technology, Inc. | 5.02% | 5.29% | 0.27% |
| AMDAdvanced Micro Devices Inc. | 4.17% | 4.29% | 0.12% |
| AMZNAmazon.Com Inc | 4.07% | 4.14% | 0.07% |
| METAMeta Platform Inc | 3.26% | 3.33% | 0.07% |
| GOOGLAlphabet Inc-cl A | 3.05% | 3.07% | 0.02% |
| GOOGAlphabet, Inc.- Cl C | 2.85% | 2.86% | 0.01% |
| TSLATesla Motors Inc | 2.82% | 2.87% | 0.05% |
98.0% of QYLG 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, QQQ or QYLG?
QQQ has an expense ratio of 0.18% while QYLG charges 0.35%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, QQQ or QYLG?
Over the past year QQQ returned +22.47% vs +23.16% for QYLG, so QYLG leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +18.29% vs +14.07% for QYLG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QYLG?
QQQ has been the more volatile fund at 20.0% annualized versus 15.1% for QYLG. Worst drawdown: QQQ -35.1% vs QYLG -30.0%.
Should I hold both QQQ and QYLG?
QQQ and QYLG have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and QYLG?
98.0% of QYLG's money is in holdings QQQ also owns. 98.0% of QYLG's is in holdings QQQ also owns. They hold 97 positions in common, counted across the 101 positions we hold weights for in QQQ and 101 in QYLG.
Which pays a higher dividend, QQQ or QYLG?
QQQ yields 0.42% while QYLG yields 16.75%, so QYLG currently pays the higher dividend yield.
Is QYLG better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, QYLG over 1Y. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.