KRUZ vs. QQQ

Last updated Jun 23, 2026

KRUZ (Unusual Whales Subversive Republican Trading ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - KRUZ is a Large Cap Blend Equities fund actively managed by Subversive, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. KRUZ is actively managed, while QQQ is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. KRUZ charges 0.83%/yr vs 0.18%/yr for QQQ.

Performance

KRUZ vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unusual Whales Subversive Republican Trading ETF (KRUZ) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRUZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KRUZ vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	-1.31%	14.45%	11.39%
QQQ Invesco QQQ ETF	20.41%	20.77%	25.58%	35.83%

Correlation

The correlation between KRUZ and QQQ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.53

The correlation between KRUZ and QQQ has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

KRUZ vs. QQQ - Sectors Allocation Comparison

Sectors	KRUZ	QQQ
Technology	24.2%	58.7%
Financial Services	16.3%	0.2%
Industrials	14.0%	2.6%
Energy	11.8%	0.5%
Healthcare	7.4%	3.7%
Consumer Defensive	6.2%	6.4%
Consumer Cyclical	6.1%	11.4%
Communication Services	6.0%	14.3%
Basic Materials	4.6%	1.0%
Utilities	1.8%	1.2%
Real Estate	1.6%	0.1%

Return for Risk

KRUZ vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KRUZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KRUZ vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Republican Trading ETF (KRUZ) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KRUZ	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.33	—
Sortino ratio: Return per unit of downside risk	—	3.03	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.44	—
Martin ratio: Return relative to average drawdown	—	12.79	—

Drawdowns

Drawdown Indicators

	KRUZ	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	—	-0.99%	—
Average Drawdown Average peak-to-trough decline	—	-32.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.21%	—

Volatility

Volatility by Period

	KRUZ	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.43%	—

KRUZ vs. QQQ - Expense Ratio Comparison

KRUZ has a 0.83% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

KRUZ vs. QQQ - Dividend Comparison

KRUZ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	0.00%	0.57%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both KRUZ and QQQ in my portfolio?

KRUZ and QQQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KRUZ or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KRUZ or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.83% for KRUZ.

Which ETF pays a higher dividend yield, KRUZ or QQQ?

QQQ has the higher dividend yield at 0.49%, compared with 0.00% for KRUZ.

What is the main difference between KRUZ and QQQ?

KRUZ is categorized as Large Cap Blend Equities, while QQQ is Nasdaq-100. They also come from different issuers: Subversive and Invesco. Their fees differ too: 0.83% for KRUZ and 0.18% for QQQ.