QQQ vs WGMI
Invesco QQQ Trust, Series 1 vs CoinShares Bitcoin Mining and Digital Power ETF
Which is better, QQQ or WGMI?
Large Cap Growth against Multi Alternative.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window, WGMI over 3Y. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 63.4%.
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 | WGMI |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $506.1B | $194M |
| Dividend Yield | 0.42% | 0.00% |
| Holdings | 321 | 57 |
| YTD Return | +19.14%Best | -17.46% |
| 1Y Return | +21.45%Best | -47.33% |
| 3Y Return (annualized) | +26.10% | +56.58%Best |
| 5Y Return (annualized) | +15.25% | - |
| Volatility (annualized) | 20.7%Best | 92.5% |
| Max Drawdown | -29.6%Best | -85.8% |
| $10,000 over 4.7 years | $20,924Best | $12,919 |
| Top 10 Weight | 46.7%Best | 63.4% |
| Fund Family | Invesco (US) | Valkyrie Funds |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | Feb 7, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 8, 2022 to Oct 15, 2026 (4.7 years).
QQQ vs WGMI 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 4.7 years both funds cover.
QQQ vs WGMI Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and CoinShares Bitcoin Mining and Digital Power ETF (WGMI) is an ETF from Valkyrie Funds. Over the past year QQQ returned +21.45% while WGMI returned -47.33%. Year to date, QQQ is up 19.14% versus a loss of 17.46% for WGMI.
Over three years, QQQ compounded at +26.10% per year against +56.58% for WGMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 92.5% compared with 20.7% 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 -29.6% for QQQ and -85.8% for WGMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while WGMI charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.00% for WGMI.
Holdings Overlap
8.7% of QQQ's money is in holdings WGMI also owns. 18.4% of WGMI's money is in holdings QQQ also owns.
WGMI and QQQ share little of their money.
3 positions in common, counted across the 101 positions we hold weights for in QQQ and 28 in WGMI, against full books of 321 and 57.
What only one of them owns
Our book lists 17 positions for WGMI that do not appear in our book for QQQ (53.0% of the fund), and 92 for QQQ that do not appear in WGMI (88.7%).
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.
You are not choosing between two funds in isolation.
Whichever of QQQ and WGMI 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 WGMI?
QQQ has an expense ratio of 0.18% while WGMI charges 0.75%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, QQQ or WGMI?
Over the past year QQQ returned +21.45% vs -47.33% for WGMI, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or WGMI?
WGMI has been the more volatile fund at 92.5% annualized versus 20.7% for QQQ. Worst drawdown: QQQ -29.6% vs WGMI -85.8%.
Should I hold both QQQ and WGMI?
QQQ and WGMI have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and WGMI?
18.4% of WGMI's money is in holdings QQQ also owns. 18.4% of WGMI's is in holdings QQQ also owns. They hold 3 positions in common, counted across the 101 positions we hold weights for in QQQ and 28 in WGMI.
Which pays a higher dividend, QQQ or WGMI?
QQQ yields 0.42% while WGMI yields 0.00%, so QQQ currently pays the higher dividend yield.
Is WGMI better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window, WGMI over 3Y. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 63.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.