QQQ vs ULTY: Performance, Holdings, Fees & Risk
QQQ and ULTY are ETFs, but they can differ materially in exposure, yield, fees and risk. QQQ is Invesco QQQ Trust, Series 1, while ULTY is YieldMax Ultra Option Income Strategy ETF. QQQ is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has QQQ ahead on AIQ Score, 51 versus 40.
What is the main difference between QQQ and ULTY?
QQQ and ULTY have little in common: 16% of their weight is in the same securities.
| Metric | QQQ | ULTY |
|---|---|---|
| Fund | ||
| Expense ratio | 0.18% | 1.4% |
| Holdings | 107 | 101 |
| Top-10 concentration | 47% | 41.8% |
| Distribution yieldTrailing 12 months | 0.43% | 98.01% |
| Average volume | 37,968,274 | 476,225 |
| Performance | ||
| 1Y return | +19.6% | -54.8% |
| YTD return | +16.8% | -36.5% |
| Risk | ||
| Annualized volatility | 19.9% | 24.1% |
| Max drawdown (1Y) | -12.2% | -54.5% |
| Beta | 1.45 | 1.41 |
| Sharpe ratio | 0.77 | -3.26 |
| Sortino ratio | 1.20 | -4.82 |
| AlgovestIQ | ||
| AIQ Score | 51/100 | 40/100 |
| AIQ Edge Score | 4/10 | 2/10 |
| Momentum | 21/100 | 24/100 |
| Risk Resilience | 72/100 | 58/100 |
AlgovestIQ AIQ Comparison
Invesco QQQ Trust, Series 1 vs YieldMax Ultra Option Income Strategy ETF
QQQ leads
QQQ leads by 11 AIQ points, primarily on Quality and Risk Resilience, but the lead has narrowed from 22 points over 30 sessions.
Fragile: 3 of 4 evidence groups support QQQ, its lead is narrowing, and its current signal state is conflicted.
Invesco QQQ Trust, Series 1
YieldMax Ultra Option Income Strategy ETF
The Algovestiq AIQ Score currently favors QQQ over ULTY, 51 versus 40 as of Oct 21, 2026. QQQ's advantage is driven primarily by stronger quality and risk resilience. QQQ also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor QQQ today, and the comparison is rated Fragile on stability: the leader's advantage has been narrowing. QQQ lead: Weakening — the AIQ differential moved from 22 to 11 points over 30 sessions.
Compare Invesco QQQ Trust, Series 1 and YieldMax Ultra Option Income Strategy ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
QQQ vs ULTY: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | QQQ | ULTY | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.18% | 1.4% | QQQ |
| Broader diversificationNumber of holdings | 107 | 101 | Similar |
| Lower concentrationWeight of the 10 largest holdings | 47% | 41.8% | ULTY |
| Higher incomeTrailing 12-month distribution yield | 0.43% | 98.01% | ULTY |
| Smaller drawdownsMax drawdown, 1 year | -12.2% | -54.5% | QQQ |
| Lower volatilityAnnualized volatility, 1 year | 19.9% | 24.1% | QQQ |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare QQQ and ULTY against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality82 vs 50QQQ +32
- Risk Resilience72 vs 58QQQ +14
- Momentum21 vs 24Even
- Value35 vs 33Even
3 of 4 evidence groups favor QQQ. QQQ’s edge is concentrated in quality and risk resilience.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum -2
No signal started or stopped since the prior session; its 3 active signals are unchanged.
No factor moved materially.
No signal started or stopped since the prior session; its 7 active signals are unchanged.
QQQ's lead narrowed by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — QQQ and ULTY both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | QQQ | ULTY | Why it matters |
|---|---|---|---|
| Expense ratio | 0.18% | 1.4% | Lower is better — it compounds against you every year you hold. |
| Holdings | 107 | 101 | More holdings means broader diversification, not better returns. |
| Average volume | 37,968,274 | 476,225 | Liquidity — matters most if you trade size. |
| Annualized volatility | 19.9% | 24.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -12.2% | -54.5% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.77 | -3.26 | Return per unit of risk. Higher is better. |
| Beta | 1.45 | 1.41 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
QQQ and ULTY share 16.15% of their weighted exposure across 12 common holdings.
90 holdings are unique to QQQ, and 16 holdings are unique to ULTY. Owning both is genuinely additive — most of the capital sits in different securities.
QQQ is the more concentrated of the two: its ten largest positions are 46.96% of the fund, against 41.77% for ULTY (107 holdings vs 101). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | QQQ | ULTY | Shared |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 3.64% | 4.49% | 3.64% |
| GOOGLAlphabet Inc | 3.11% | 3.96% | 3.11% |
| NVDANVIDIA Corp | 8.49% | 2.17% | 2.17% |
| PLTRPalantir Technologies Inc | 1.69% | 3.75% | 1.69% |
| LRCXLam Research Corp | 1.65% | 4.19% | 1.65% |
| SPCXSpace Exploration Technologies Corp | 1.26% | 3.8% | 1.26% |
| ADIAnalog Devices Inc | 0.78% | 3.86% | 0.78% |
| SHOPShopify Inc | 0.69% | 3.32% | 0.69% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What QQQ adds that ULTY doesn’t
| Holding | QQQ | ULTY |
|---|---|---|
| NVDANVIDIA Corp | 8.49% | 2.17% |
| AAPLApple Inc | 7.71% | Not held |
| MSFTMicrosoft Corp | 5.88% | Not held |
| MUMicron Technology Inc | 4.89% | Not held |
| AMZNAmazon.com Inc | 4.36% | Not held |
| METAMeta Platforms Inc | 3.07% | Not held |
What ULTY adds that QQQ doesn’t
| Holding | ULTY | QQQ |
|---|---|---|
| MELIMercadoLibre Inc | 4.94% | 0.43% |
| LITELumentum Holdings Inc | 4.42% | 0.32% |
| FIXComfort Systems USA Inc | 4.4% | Not held |
| LRCXLam Research Corp | 4.19% | 1.65% |
| ADIAnalog Devices Inc | 3.86% | 0.78% |
| GDXVanEck Gold Miners ETF/USA | 3.86% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
QQQ vs ULTY: five-year payout growth
QQQ grew its split-adjusted payout at 9.99% a year over 2020-2025. ULTY began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | QQQ | ULTY |
|---|---|---|
| 2025 annual payout | $2.795 | $53.014 |
| Peer rank | #56 of 138 | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor QQQ. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | QQQ | 51 vs 40 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 35 vs 33 |
| Technicals | QQQ | Price vs 50-day -0.2% vs -8.6%; vs 200-day 6.2% vs -21.8% |
| Risk Resilience | QQQ | Risk Resilience 72 vs 58 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of QQQ and ULTY and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 11 points.
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on QQQ.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20QQQ lead: Weakening — the AIQ differential moved from 22 to 11 points over 30 sessions.
- Today
- QQQ +11
- 51 vs 40
- 7 sessions ago
- QQQ +17
- 57 vs 40
- 30 sessions ago
- QQQ +22
- 65 vs 43
- 90 sessions ago
- QQQ +20
- 67 vs 47
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 2 bearish, conflicted
Only QQQ
- Golden Cross Active — bullish, trend, long horizon (7.50%)
1 bullish / 5 bearish / 1 neutral, conflicted
Only ULTY
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Death Cross Active — bearish, trend, long horizon (17.48%)
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
- 52-Week Low Proximity — bearish, risk, long horizon (0.0%)
- Downtrend Structure Active — bearish, trend, long horizon
Both carry 2 more signals that do not separate them: Keltner Channel Breakdown, MACD Bearish Crossover.
QQQ leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is up while the AIQ Score moved down 1 points over the same session — price and model disagree (price +1.05%, AIQ -1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.51%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1ULTY closes the Quality gap — currently 32 points behind, the largest single contributor to QQQ's edge.
- 2ULTY's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3QQQ's conflicting signal state resolves bearish — it currently carries 1 bullish and 2 bearish rules at once.
- 4The narrowing continues — the lead has already given back 11 points over 30 sessions, and a further 11-point move would eliminate QQQ's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
QQQ leads 6 of 6 windows| Metric | QQQ | ULTY |
|---|---|---|
| 1 week (5 sessions) | -3.5% | -5.8% |
| 1 month (20 sessions) | -4% | -9.8% |
| 3 months (63 sessions) | 1.7% | -13% |
| 6 months (126 sessions) | 11.4% | -25.7% |
| Year to date | 16.8% | -36.5% |
| 1 year (252 sessions) | 19.6% | -54.8% |
Technicals
QQQ has the stronger structure| Metric | QQQ | ULTY |
|---|---|---|
| RSI (14) | 37.2 | 29.5 |
| ADX (14) | 20.3 | 33.9 |
| Price vs 50-day | -0.2% | -8.6% |
| Price vs 200-day | 6.2% | -21.8% |
| Volatility (1M, annualized) | 15.4% | 21.7% |
Risk
QQQ is the more resilient| Metric | QQQ | ULTY |
|---|---|---|
| Beta | 1.45 | 1.41 |
| Sharpe ratio | 0.77 | -3.26 |
| Sortino ratio | 1.2 | -4.82 |
| Max drawdown | -12.2% | -54.5% |
| Current drawdown | -5.5% | -54.2% |
| Annualized volatility | 19.9% | 24.1% |
| Value at risk (95%) | -1.9% | -3.1% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between QQQ and ULTY?
QQQ and ULTY have little in common: 16% of their weight is in the same securities.
How much do QQQ and ULTY overlap?
QQQ and ULTY share 16.15% of their weighted exposure across 12 common holdings. 90 holdings are unique to QQQ, and 16 holdings are unique to ULTY. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, QQQ or ULTY?
They hold a similar number of positions: 107 for QQQ and 101 for ULTY.
Which has the lower expense ratio?
QQQ has the lower expense ratio, 0.18% a year against 1.4% for ULTY.
Which ETF has the higher distribution yield?
ULTY, with a trailing 12-month distribution yield of 98.01% against 0.43% for QQQ.
Which ETF has been more volatile?
ULTY has been more volatile over the past year, at 24.1% annualized against 19.9% for QQQ.
Which ETF has had the smaller drawdown?
QQQ fell less from peak to trough over the past year: -12.2% against -54.5% for ULTY.
Compare QQQ and ULTY with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.