QQQ vs UFOX
Invesco QQQ Trust, Series 1 vs Defiance Space and Connective Tech ETF
Which is better, QQQ or UFOX?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. UFOX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. UFOX is less concentrated, with 34.4% of the fund in its ten largest positions against 46.7%.
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 | UFOX |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.30% |
| AUM | $506.1B | $875M |
| Dividend Yield | 0.42% | 0.44% |
| Holdings | 321 | 60 |
| YTD Return | +19.30% | +25.91%Best |
| 1Y Return | +22.47% | +27.27%Best |
| 3Y Return (annualized) | +26.18% | - |
| 5Y Return (annualized) | +15.42% | - |
| Volatility (annualized) | 17.6%Best | 29.6% |
| Max Drawdown | -22.8%Best | -28.7% |
| $10,000 over 2.2 years | $14,738 | $18,505Best |
| Top 10 Weight | 46.7% | 34.4%Best |
| Fund Family | Invesco (US) | Defiance ETFs, LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Mar 4, 2019 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 16, 2024 to Oct 14, 2026 (2.2 years).
QQQ vs UFOX 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 2.2 years both funds cover.
QQQ vs UFOX Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Defiance Space and Connective Tech ETF (UFOX) is an ETF from Defiance ETFs, LLC. Over the past year QQQ returned +22.47% while UFOX returned +27.27%. Year to date, QQQ is up 19.30% versus a gain of 25.91% for UFOX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UFOX has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 17.6% 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 -22.8% for QQQ and -28.7% for UFOX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 UFOX charges 0.30%. On a $10,000 position that is $18 vs $30 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.44% for UFOX.
Holdings Overlap
26.6% of QQQ's money is in holdings UFOX also owns. 36.1% of UFOX's money is in holdings QQQ also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 101 positions we hold weights for in QQQ and 63 in UFOX, against full books of 321 and 60.
What only one of them owns
Our book lists 46 positions for UFOX that do not appear in our book for QQQ (57.2% of the fund), and 81 for QQQ that do not appear in UFOX (69.7%).
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 UFOX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.33% | 4.99% | 3.34% |
| AAPLApple, Inc | 7.35% | 5.07% | 2.28% |
| SPCXSpace Exploration Technologies | 2.70% | 4.85% | 2.15% |
| AVGOBroadcom Inc | 2.53% | 4.56% | 2.03% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.77% | 3.38% | 1.61% |
| MRVLMarvell Technology Inc | 0.97% | 2.41% | 1.44% |
| QCOMQualcomm Inc. | 0.81% | 2.07% | 1.26% |
| RKLBRocket Lab Corp | 0.17% | 2.40% | 2.23% |
| DDOGDatadog Inc | 0.38% | 1.84% | 1.46% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.73% | 1.32% | 0.59% |
36.1% of UFOX 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.
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Frequently Asked Questions
Which is cheaper, QQQ or UFOX?
QQQ has an expense ratio of 0.18% while UFOX charges 0.30%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QQQ or UFOX?
Over the past year QQQ returned +22.47% vs +27.27% for UFOX, so UFOX leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +19.28% vs +32.28% for UFOX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or UFOX?
UFOX has been the more volatile fund at 29.6% annualized versus 17.6% for QQQ. Worst drawdown: QQQ -22.8% vs UFOX -28.7%.
Should I hold both QQQ and UFOX?
QQQ and UFOX have a monthly-return correlation of 0.90, 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 UFOX?
36.1% of UFOX's money is in holdings QQQ also owns. 36.1% of UFOX's is in holdings QQQ also owns. They hold 12 positions in common, counted across the 101 positions we hold weights for in QQQ and 63 in UFOX.
Which pays a higher dividend, QQQ or UFOX?
QQQ yields 0.42% while UFOX yields 0.44%, so UFOX currently pays the higher dividend yield.
Is UFOX better than QQQ?
QQQ has a lower expense ratio. UFOX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. UFOX is less concentrated, with 34.4% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.