Data as of Nov 4, 2026.
QQQ vs RSST: Differences, Returns & Fees
Over the year to Nov 4, 2026, QQQ returned +12.3% to RSST's +23.3%, and QQQ charges 0.18% to RSST's 0.99%.
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Net assets: $464.6bn on Nov 3, 2026 for Invesco QQQ Trust, Series 1, and $480m on Jul 31, 2026 for Return Stacked U.S. Stocks & Managed Futures ETF.
Pair scorecard
QQQ costs 0.81 points a year less; their one-year returns differ by 11.0 points.
| Measure | QQQ | RSST |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.3% | +23.3% |
| Total return, 52 weeks | +22.5% | |
| Drawdown | ||
| Below its high | 8.9%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 18.9 points ahead | |
| Cost and size | ||
| Expense ratio | 0.18% | 0.99% |
| Net assets, QQQ as of Nov 3, 2026 and RSST as of Jul 31, 2026 | $464.6bn | $480m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 94% | |
| Top ten holdings, share of the fund | 46.7% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +1.45: about 1.45% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.76% | |
| Down-week capture | 164.8% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Risk and return
Sep 15, 2023 to Oct 30, 2026 · 163 weekly returnsEach against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 30, 2026; RSST against VOO, Sep 15, 2023 to Oct 30, 2026.
From Sep 2023 to Oct 2026, QQQ returned more: +89.6% to +72.6%. QQQ swung slightly less: 19.5% to 21.3%. QQQ fell less at its worst: −21.3% to −26.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QQQ | RSST | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +89.6% | +72.6% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +22.6% | +19.0% | QQQ | Total return as a yearly rate. |
| Price return | +86.2% | +69.0% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 21.3% | QQQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 15.4% | QQQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.3% | −26.8% | QQQ | Deepest fall from a high to the low after it. |
| Upside capture | 100.4% | 134.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 122.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.30 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.74 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.91 | 0.72 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.41 | 0.99 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.141 | 0.118 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.06 | 0.71 | QQQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQM | VOO | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −4.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.58 | −0.64 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.2% | −16.2% to +8.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | 0.04 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 11.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 163 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
QQQ and RSST on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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QQQ
QQQ tracks the Nasdaq-100. Over the year to Nov 4, 2026 it returned +12.3% with distributions reinvested, against +12.3% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Nov 3, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 8.9% below its high of Oct 6, 2026 on Nov 4, 2026.
RSST
RSST is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +1.45, so for each 1% the index moved it moved about 1.45% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks RSST fell 1.76% on average, a down-week capture of 164.8%. Over the same 52 weeks RSST returned +22.5% and a Treasury bill fund +3.7%, so it finished 18.9 percentage points ahead of cash.
Questions people ask
- Are QQQ and RSST in the same category?
- QQQ is a stock ETF and RSST is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQ or RSST?
- In the year to Nov 4, 2026, with distributions reinvested, QQQ returned +12.3% and RSST +23.3%.
- Which is cheaper, QQQ or RSST?
- QQQ is cheaper, by 0.81 percentage points a year. That is about $81 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QQQ against RSST, data as of Nov 4, 2026. https://etfiq.com/compare/any/qqq-vs-rsst
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