QQQ vs QYLD: Complete Comparison
Invesco QQQ Trust vs Global X NASDAQ 100 Covered Call ETF โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ QQQ wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: QQQ wins with better expense ratio and 5-year return. Consider QQQ for your portfolio, but QYLD is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
95 shared holdings representing 93.6% portfolio overlap
Top Shared Holdings
| # | Stock | QQQ Weight | QYLD Weight | Overlap |
|---|---|---|---|---|
| 1 | NVDA NVDA | 8.99% | 10.11% | 8.99% |
| 2 | AAPL AAPL | 7.94% | 9.26% | 7.94% |
| 3 | MSFT MSFT | 7.12% | 8.23% | 7.12% |
| 4 | AMZN AMZN | 4.87% | 5.47% | 4.87% |
| 5 | TSLA TSLA | 4.21% | 3.65% | 3.65% |
| 6 | GOOGL GOOGL | 3.58% | 4.15% | 3.58% |
| 7 | GOOG GOOG | 3.35% | 3.88% | 3.35% |
| 8 | AVGO AVGO | 3.24% | 7.11% | 3.24% |
| 9 | META META | 3.85% | 3.21% | 3.21% |
| 10 | PLTR PLTR | 2.40% | 2.29% | 2.29% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in QQQ
Unique to QQQ
| Symbol | Name | Weight |
|---|---|---|
| WDC | WDC | 0.33% |
| STX | STX | 0.33% |
| ALNY | ALNY | 0.29% |
| MPWR | MPWR | 0.25% |
| INSM | INSM | 0.20% |
Top Holdings Only in QYLD
Unique to QYLD
| Symbol | Name | Weight |
|---|---|---|
| BIIB | BIIB | 0.14% |
| ON | ON | 0.13% |
| GFS | GFS | 0.12% |
| LULU | LULU | 0.12% |
| CDW | CDW | 0.11% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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