BOE vs QQQ
BlackRock Enhanced Global Dividend Trust vs Invesco QQQ Trust, Series 1
Which is better, BOE or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. BOE is less concentrated, with 34.5% of the fund in its ten largest positions against 46.5%.
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 | BOE | QQQ |
|---|---|---|
| Expense Ratio | 0.90% | 0.18%Best |
| AUM | $743M | $483.5B |
| Dividend Yield | 7.41% | 0.44% |
| Holdings | 169 | 107 |
| YTD Return | +9.04% | +16.87%Best |
| 1Y Return | +12.77% | +22.98%Best |
| 3Y Return (annualized) | +16.84% | +24.98%Best |
| 5Y Return (annualized) | +7.62% | +14.39%Best |
| Volatility (annualized) | 19.2% | 18.4%Best |
| Max Drawdown | -76.2% | -53.5%Best |
| $10,000 over 5 years | $14,437 | $19,586Best |
| Top 10 Weight | 34.5%Best | 46.5% |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | May 26, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2005 to Sep 11, 2026 (21.3 years).
BOE 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.
BOE vs QQQ Performance
BlackRock Enhanced Global Dividend Trust (BOE) is an ETF from BlackRock, Inc. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BOE returned +12.77% while QQQ returned +22.98%. Year to date, BOE is up 9.04% versus a gain of 16.87% for QQQ.
Over three years, BOE compounded at +16.84% per year against +24.98% for QQQ; over five years the annualized figures are +7.62% and +14.39% respectively. Across the full 21-year window we track, QQQ has the edge at +14.92% annualized vs -1.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 18.4% for QQQ. 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 -76.2% for BOE and -53.5% 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while QQQ charges 0.18%. On a $10,000 position that is $90 vs $18 annually, a gap of $72 per year that compounds over a long holding period. On income, BOE currently yields 7.41% against 0.44% for QQQ.
Holdings Overlap
22.0% of BOE's money is in holdings QQQ also owns. 25.0% of QQQ's money is in holdings BOE also owns.
QQQ and BOE share little of their money.
The two holdings books were reported 127 days apart, BOE as of Mar 31, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
8 positions in common, counted across the 51 positions we hold weights for in BOE and 102 in QQQ, against full books of 169 and 107.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for BOE (72.0% of the fund), and 21 for BOE that do not appear in QQQ (35.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BOE | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.66% | 5.76% | 1.10% |
| AAPLApple, Inc | 2.97% | 7.27% | 4.30% |
| GOOGLAlphabet A Usd 0.001 | 4.28% | 3.36% | 0.92% |
| AVGOBroadcom Inc | 3.96% | 3.16% | 0.80% |
| METAMeta Platforms, Inc. | 1.92% | 2.78% | 0.86% |
| AMATApplied Materials, Inc. | 1.82% | 1.86% | 0.04% |
| BKRBaker Hughes A Ge Co. Class A | 1.45% | 0.27% | 1.18% |
| SBUXStarbucks Corp | 0.95% | 0.53% | 0.42% |
25.0% of QQQ is already inside BOE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BOE or QQQ?
BOE has an expense ratio of 0.90% while QQQ charges 0.18%. QQQ is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, BOE or QQQ?
Over the past year BOE returned +12.77% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), BOE annualized -1.38% vs +14.92% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BOE or QQQ?
BOE has been the more volatile fund at 19.2% annualized versus 18.4% for QQQ. Worst drawdown: BOE -76.2% vs QQQ -53.5%.
Should I hold both BOE and QQQ?
BOE and QQQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BOE and QQQ?
25.0% of QQQ's money is in holdings BOE also owns. 25.0% of QQQ's is in holdings BOE also owns. They hold 8 positions in common, counted across the 51 positions we hold weights for in BOE and 102 in QQQ.
Which pays a higher dividend, BOE or QQQ?
BOE yields 7.41% while QQQ yields 0.44%, so BOE currently pays the higher dividend yield.
Is QQQ better than BOE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. BOE is less concentrated, with 34.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.