ALTY vs QQQ
Global X Alternative Income ETF vs Invesco QQQ Trust, Series 1
Which is better, ALTY or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 88.4%.
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 | ALTY | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $49M | $483.5B |
| Dividend Yield | 7.54% | 0.44% |
| Holdings | 21 | 107 |
| YTD Return | +5.37% | +15.21%Best |
| 1Y Return | +9.38% | +19.78%Best |
| 3Y Return (annualized) | +11.13% | +24.58%Best |
| 5Y Return (annualized) | +5.08% | +13.93%Best |
| Volatility (annualized) | 16.2%Best | 18.9% |
| Max Drawdown | -60.1% | -35.1%Best |
| $10,000 over 5 years | $12,812 | $19,195Best |
| Top 10 Weight | 88.4% | 46.5%Best |
| Fund Family | Global X by mirae Asset | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Jul 13, 2015 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Sep 16, 2026 (11.2 years).
ALTY vs QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ALTY vs QQQ Performance
Global X Alternative Income ETF (ALTY) is an ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ALTY returned +9.38% while QQQ returned +19.78%. Year to date, ALTY is up 5.37% versus a gain of 15.21% for QQQ.
Over three years, ALTY compounded at +11.13% per year against +24.58% for QQQ; over five years the annualized figures are +5.08% and +13.93% respectively. Across the full 11-year window we track, QQQ has the edge at +18.40% annualized vs +1.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 16.2% for ALTY. 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 -60.1% for ALTY and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALTY charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, ALTY currently yields 7.54% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 19 holdings in ALTY and 102 in QQQ, totalling 99.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 19 positions we hold weights for in ALTY and 102 in QQQ, against full books of 21 and 107.
What only one of them owns
Measured across the 19 and 102 positions we hold weights for.
QQQ holds 96 positions ALTY does not, 97.5% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of ALTY and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALTY or QQQ?
ALTY has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, ALTY or QQQ?
Over the past year ALTY returned +9.38% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.65% vs +18.40% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTY or QQQ?
QQQ has been the more volatile fund at 18.9% annualized versus 16.2% for ALTY. Worst drawdown: ALTY -60.1% vs QQQ -35.1%.
Should I hold both ALTY and QQQ?
ALTY and QQQ have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALTY or QQQ?
ALTY yields 7.54% while QQQ yields 0.44%, so ALTY currently pays the higher dividend yield.
Is QQQ better than ALTY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 88.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.