QQQ vs SEPZ
Invesco QQQ Trust, Series 1 vs TrueShares Structured Outcome (September) ETF
Which is better, QQQ or SEPZ?
Large Cap Growth against All Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | QQQ | SEPZ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.79% |
| AUM | $506.1B | $131M |
| Dividend Yield | 0.42% | 2.01% |
| Holdings | 321 | 17 |
| YTD Return | +19.30%Best | +9.88% |
| 1Y Return | +22.47%Best | +10.23% |
| 3Y Return (annualized) | +26.18%Best | +14.10% |
| 5Y Return (annualized) | +15.42%Best | +9.55% |
| Volatility (annualized) | 20.0% | 11.5%Best |
| Max Drawdown | -35.1% | -17.1%Best |
| $10,000 over 5 years | $20,484Best | $15,778 |
| Fund Family | Invesco (US) | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | All Cap Blend |
| Inception | Mar 10, 1999 | Aug 31, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 1, 2020 to Oct 14, 2026 (6.1 years).
QQQ vs SEPZ 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 SEPZ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and TrueShares Structured Outcome (September) ETF (SEPZ) is an ETF from TrueShares. Over the past year QQQ returned +22.47% while SEPZ returned +10.23%. Year to date, QQQ is up 19.30% versus a gain of 9.88% for SEPZ.
Over three years, QQQ compounded at +26.18% per year against +14.10% for SEPZ; over five years the annualized figures are +15.42% and +9.55% respectively. Across the full 6-year window we track, QQQ has the edge at +16.26% annualized vs +11.38%.
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 11.5% for SEPZ. 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 -17.1% for SEPZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SEPZ charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 2.01% for SEPZ.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 1 in SEPZ, totalling 99.6% and 0.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 101 positions we hold weights for in QQQ and 1 in SEPZ, against full books of 321 and 17.
You are not choosing between two funds in isolation.
Whichever of QQQ and SEPZ 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, QQQ or SEPZ?
QQQ has an expense ratio of 0.18% while SEPZ charges 0.79%. QQQ is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, QQQ or SEPZ?
Over the past year QQQ returned +22.47% vs +10.23% for SEPZ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +16.26% vs +11.38% for SEPZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SEPZ?
QQQ has been the more volatile fund at 20.0% annualized versus 11.5% for SEPZ. Worst drawdown: QQQ -35.1% vs SEPZ -17.1%.
Should I hold both QQQ and SEPZ?
QQQ and SEPZ have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or SEPZ?
QQQ yields 0.42% while SEPZ yields 2.01%, so SEPZ currently pays the higher dividend yield.
Is SEPZ better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.