QQQ vs TOPW
Invesco QQQ Trust, Series 1 vs Roundhill Top WeeklyPay ETF
Which is better, QQQ or TOPW?
Large Cap Growth against Option Writing.
QQQ has a lower expense ratio. QQQ led over 1Y, TOPW over the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 95.8%.
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 | TOPW |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.32% |
| AUM | $506.1B | $141M |
| Dividend Yield | 0.42% | 51.50% |
| Holdings | 321 | 39 |
| YTD Return | +19.30%Best | -1.12% |
| 1Y Return | +22.47%Best | -1.12% |
| 3Y Return (annualized) | +26.18% | - |
| 5Y Return (annualized) | +15.42% | - |
| Volatility (annualized) | 19.3% | - |
| Max Drawdown | -12.6%Best | -45.2% |
| $10,000 over 1.5 years | $15,273 | $84,163Best |
| Top 10 Weight | 46.7%Best | 95.8% |
| Fund Family | Invesco (US) | Roundhill Investments |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Option Writing |
| Inception | Mar 10, 1999 | Sep 4, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 2, 2025 to Oct 14, 2026 (1.5 years).
QQQ vs TOPW 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 TOPW Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Roundhill Top WeeklyPay ETF (TOPW) is an ETF from Roundhill Investments. Over the past year QQQ returned +22.47% while TOPW returned -1.12%. Year to date, QQQ is up 19.30% versus a loss of 1.12% for TOPW.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -12.6% for QQQ and -45.2% for TOPW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOPW charges 0.32%. On a $10,000 position that is $18 vs $32 annually, a gap of $14 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 51.50% for TOPW.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 12 in TOPW, totalling 99.6% and 100.0% 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 12 in TOPW, against full books of 321 and 39.
What only one of them owns
Our book lists 12 positions for TOPW that do not appear in our book for QQQ (100.0% of the fund), and 93 for QQQ that do not appear in TOPW (96.3%).
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 QQQ and TOPW 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 TOPW?
QQQ has an expense ratio of 0.18% while TOPW charges 0.32%. QQQ is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, QQQ or TOPW?
Over the past year QQQ returned +22.47% vs -1.12% for TOPW, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +32.62% vs +313.76% for TOPW. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, QQQ or TOPW?
QQQ yields 0.42% while TOPW yields 51.50%, so TOPW currently pays the higher dividend yield.
Is TOPW better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, TOPW over the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 95.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.