ALTY vs QQQ
Global X Alternative Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | ALTY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $47M | $496.3B | |
| Dividend Yield | 7.47% | 0.44% | |
| Holdings | 40 | 108 | |
| YTD Return | +7.70% | +16.64% | |
| 1Y Return | +13.99% | +27.27% | |
| 3Y Return (annualized) | +12.38% | +25.96% | |
| 5Y Return (annualized) | +5.67% | +14.54% | |
| Volatility (annualized) | 16.2% | 30.6% | |
| Max Drawdown | -60.1% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 13, 2015 | Mar 10, 1999 |
ALTY vs QQQ Performance
Global X Alternative Income ETF (ALTY) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ALTY returned +13.99% while QQQ returned +27.27%. Year to date, ALTY is up 7.70% versus a gain of 16.64% for QQQ.
Over three years, ALTY compounded at +12.38% per year against +25.96% for QQQ; over five years the annualized figures are +5.67% and +14.54% respectively. Across the full 11-year window we track, QQQ has the edge at +13.03% annualized vs +1.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
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 7.47% against 0.44% for QQQ.
Holdings Overlap
ALTY and QQQ share 0 holdings out of 121 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, ALTY or QQQ?
Over the past year ALTY returned +13.99% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.86% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ALTY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.2% for ALTY. Worst drawdown: ALTY -60.1% vs QQQ -83.0%.
Should I hold both ALTY and QQQ?
ALTY and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALTY and QQQ?
ALTY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, ALTY or QQQ?
ALTY yields 7.47% while QQQ yields 0.44%, so ALTY currently pays the higher dividend yield.
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