QQQ vs YNOT
Invesco QQQ Trust, Series 1 vs Horizon Digital Frontier ETF
Which is better, QQQ or YNOT?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. YNOT is less concentrated, with 39.1% of the fund in its ten largest positions against 47.2%.
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 | YNOT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $498.6B | $207M |
| Dividend Yield | 0.42% | 0.00% |
| Holdings | 321 | 105 |
| YTD Return | +21.69%Best | +16.20% |
| 1Y Return | +24.10%Best | +14.59% |
| 3Y Return (annualized) | +27.05% | - |
| 5Y Return (annualized) | +16.31% | - |
| Volatility (annualized) | 19.7%Best | 23.0% |
| Max Drawdown | -12.0%Best | -17.3% |
| $10,000 over 1.3 years | $13,595Best | $13,295 |
| Top 10 Weight | 47.2% | 39.1%Best |
| Fund Family | Invesco (US) | Horizon Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jul 9, 2025 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 10, 2025 to Oct 13, 2026 (1.3 years).
QQQ vs YNOT 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 1.3 years both funds cover.
QQQ vs YNOT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Horizon Digital Frontier ETF (YNOT) is an ETF from Horizon Funds. Over the past year QQQ returned +24.10% while YNOT returned +14.59%. Year to date, QQQ is up 21.69% versus a gain of 16.20% for YNOT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YNOT has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 19.7% 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 -12.0% for QQQ and -17.3% for YNOT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 YNOT 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 YNOT.
Holdings Overlap
50.3% of QQQ's money is in holdings YNOT also owns. 43.0% of YNOT's money is in holdings QQQ also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 102 positions we hold weights for in QQQ and 106 in YNOT, against full books of 321 and 105.
What only one of them owns
Our book lists 60 positions for YNOT that do not appear in our book for QQQ (48.6% of the fund), and 67 for QQQ that do not appear in YNOT (47.4%).
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 YNOT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 6.27% | 2.18% |
| AMDAdvanced Micro Devices Inc | 3.71% | 3.72% | 0.01% |
| AMZNAmazon.Com Inc | 4.41% | 2.66% | 1.75% |
| TSLATesla Inc | 2.92% | 4.05% | 1.13% |
| GOOGAlphabet Inc. C | 2.93% | 3.56% | 0.63% |
| MUMicron Technology, Inc. | 4.85% | 1.08% | 3.77% |
| AVGOBroadcom Inc | 2.74% | 1.77% | 0.97% |
| SNDKSandisk Corp/De | 1.07% | 2.92% | 1.85% |
| INTCIntel Corporation | 2.28% | 1.54% | 0.74% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 1.41% | 0.54% |
50.3% of QQQ is already inside YNOT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or YNOT?
QQQ has an expense ratio of 0.18% while YNOT charges 0.75%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, QQQ or YNOT?
Over the past year QQQ returned +24.10% vs +14.59% for YNOT, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +26.65% vs +24.49% for YNOT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or YNOT?
YNOT has been the more volatile fund at 23.0% annualized versus 19.7% for QQQ. Worst drawdown: QQQ -12.0% vs YNOT -17.3%.
Should I hold both QQQ and YNOT?
QQQ and YNOT have a monthly-return correlation of 0.97, 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 YNOT?
50.3% of QQQ's money is in holdings YNOT also owns. 43.0% of YNOT's is in holdings QQQ also owns. They hold 29 positions in common, counted across the 102 positions we hold weights for in QQQ and 106 in YNOT.
Which pays a higher dividend, QQQ or YNOT?
QQQ yields 0.42% while YNOT yields 0.00%, so QQQ currently pays the higher dividend yield.
Is YNOT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. YNOT is less concentrated, with 39.1% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.