BTX vs QQQ
BlackRock Technology and Private Equity Term Trust vs Invesco QQQ Trust, Series 1
Which is better, BTX or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. BTX led over 1Y, QQQ over 3Y, 5Y and the full window.
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 | BTX | QQQ |
|---|---|---|
| Expense Ratio | 1.35% | 0.18%Best |
| AUM | $1.1B | $483.5B |
| Dividend Yield | 6.62% | 0.44% |
| Holdings | 82 | 107 |
| YTD Return | +41.49%Best | +17.11% |
| 1Y Return | +37.68%Best | +23.99% |
| 3Y Return (annualized) | +19.24% | +24.62%Best |
| 5Y Return (annualized) | -5.03% | +14.23%Best |
| Volatility (annualized) | 27.8% | 20.4%Best |
| Max Drawdown | -67.3% | -35.1%Best |
| $10,000 over 5 years | $7,726 | $19,449Best |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Mar 26, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 26, 2021 to Sep 9, 2026 (5.5 years).
BTX 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 covers the 5.5 years both funds cover.
BTX vs QQQ Performance
BlackRock Technology and Private Equity Term Trust (BTX) is an ETF from BlackRock, Inc. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BTX returned +37.68% while QQQ returned +23.99%. Year to date, BTX is up 41.49% versus a gain of 17.11% for QQQ.
Over three years, BTX compounded at +19.24% per year against +24.62% for QQQ; over five years the annualized figures are -5.03% and +14.23% respectively. Across the full 6-year window we track, QQQ has the edge at +16.85% annualized vs -4.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTX has been the more volatile fund, with annualized monthly volatility of 27.8% compared with 20.4% 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 -67.3% for BTX 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BTX charges 1.35% per year while QQQ charges 0.18%. On a $10,000 position that is $135 vs $18 annually, a gap of $117 per year that compounds over a long holding period. On income, BTX currently yields 6.62% against 0.44% for QQQ.
Holdings Overlap
At least 23.9% of QQQ's money is in holdings BTX also owns.
Stated as a floor: for BTX, our book for it covers 68.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and BTX share little of their money.
The two holdings books were reported 217 days apart, BTX as of Dec 31, 2025 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.
13 positions in common, counted across the 57 positions we hold weights for in BTX and 102 in QQQ, against full books of 82 and 107.
Top Shared Holdings
| Stock | Weight in BTX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.47% | 8.44% | 0.03% |
| MUMicron Technology, Inc. | 0.70% | 4.43% | 3.73% |
| LITELumentum Holdings Inc | 4.00% | 0.28% | 3.72% |
| AMDAdvanced Micro Devices Inc | 0.73% | 3.45% | 2.72% |
| TSLATesla Motors Inc | 1.50% | 2.56% | 1.06% |
| PLTRPalantir Technologies Inc | 1.13% | 1.60% | 0.47% |
| KLACKla-tencor | 1.57% | 1.11% | 0.46% |
| APPAppLovin Corp. Com Cl A | 1.92% | 0.56% | 1.36% |
| MPWRMonolithic Power Systems Inc | 1.61% | 0.29% | 1.32% |
| TTWOTake-Two Interactive Software, Inc. | 1.58% | 0.19% | 1.39% |
23.9% of QQQ is already inside BTX.
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, BTX or QQQ?
BTX has an expense ratio of 1.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $117 a year on a $10,000 investment.
Which performed better, BTX or QQQ?
Over the past year BTX returned +37.68% vs +23.99% for QQQ, so BTX leads on 1-year performance. Over the longest common window we track (6 years), BTX annualized -4.59% vs +16.85% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BTX or QQQ?
BTX has been the more volatile fund at 27.8% annualized versus 20.4% for QQQ. Worst drawdown: BTX -67.3% vs QQQ -35.1%.
Should I hold both BTX and QQQ?
BTX and QQQ have a monthly-return correlation of 0.81, 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 BTX and QQQ?
At least 23.9% of QQQ's money is in holdings BTX also owns. Our book for BTX is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 57 positions we hold weights for in BTX and 102 in QQQ.
Which pays a higher dividend, BTX or QQQ?
BTX yields 6.62% while QQQ yields 0.44%, so BTX currently pays the higher dividend yield.
Is QQQ better than BTX?
QQQ has a lower expense ratio. BTX led over 1Y, QQQ over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.