QQQ vs SLVO
Invesco QQQ Trust, Series 1 vs ETRACS Silver Shares Covered Call ETN
Which is better, QQQ or SLVO?
Large Cap Growth against Silver.
QQQ has a lower expense ratio. QQQ led over 1Y, 5Y and the full window, SLVO over 3Y.
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 | SLVO |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.65% |
| AUM | $506.1B | $311M |
| Dividend Yield | 0.42% | 48.50% |
| Holdings | 321 | - |
| YTD Return | +19.30%Best | -4.54% |
| 1Y Return | +22.47%Best | +8.77% |
| 3Y Return (annualized) | +26.18% | +27.72%Best |
| 5Y Return (annualized) | +15.42%Best | +14.19% |
| Volatility (annualized) | 17.8%Best | 21.5% |
| Max Drawdown | -35.1%Best | -78.4% |
| $10,000 over 5 years | $20,484Best | $19,415 |
| Fund Family | Invesco (US) | UBS AG |
| Category | Equity | Commodity |
| Style | Large Cap Growth | Silver |
| Inception | Mar 10, 1999 | Apr 16, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 17, 2013 to Oct 14, 2026 (13.5 years).
QQQ vs SLVO 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.
QQQ vs SLVO Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ETRACS Silver Shares Covered Call ETN (SLVO) is an ETF from UBS AG. Over the past year QQQ returned +22.47% while SLVO returned +8.77%. Year to date, QQQ is up 19.30% versus a loss of 4.54% for SLVO.
Over three years, QQQ compounded at +26.18% per year against +27.72% for SLVO; over five years the annualized figures are +15.42% and +14.19% respectively. Across the full 14-year window we track, QQQ has the edge at +19.50% annualized vs -3.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLVO has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 17.8% 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 -35.1% for QQQ and -78.4% for SLVO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.24. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while SLVO charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 48.50% for SLVO.
You are not choosing between two funds in isolation.
Whichever of QQQ and SLVO 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 SLVO?
QQQ has an expense ratio of 0.18% while SLVO charges 0.65%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, QQQ or SLVO?
Over the past year QQQ returned +22.47% vs +8.77% for SLVO, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), QQQ annualized +19.50% vs -3.51% for SLVO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SLVO?
SLVO has been the more volatile fund at 21.5% annualized versus 17.8% for QQQ. Worst drawdown: QQQ -35.1% vs SLVO -78.4%.
Should I hold both QQQ and SLVO?
QQQ and SLVO have a monthly-return correlation of 0.24, 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 SLVO?
QQQ yields 0.42% while SLVO yields 48.50%, so SLVO currently pays the higher dividend yield.
Is SLVO better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 5Y and the full window, SLVO over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.