CANC vs QQQ
Tema Oncology ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CANC delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CANC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $204M | $496.3B | |
| Dividend Yield | 0.05% | 0.44% | |
| Holdings | 58 | 108 | |
| YTD Return | +27.30% | +16.23% | |
| 1Y Return | +66.47% | +26.23% | |
| 3Y Return (annualized) | +23.49% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 19.5% | 30.6% | |
| Max Drawdown | -26.1% | -83.0% | |
| Fund Family | Tema Global Limited | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2023 | Mar 10, 1999 |
CANC vs QQQ Performance
Tema Oncology ETF (CANC) is a ETF from Tema Global Limited and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CANC returned +66.47% while QQQ returned +26.23%. Year to date, CANC is up 27.30% versus a gain of 16.23% for QQQ.
Over three years, CANC compounded at +23.49% per year against +25.75% for QQQ. Across the full 3-year window we track, CANC has the edge at +23.00% annualized vs +13.02%. 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 19.5% for CANC. 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 -26.1% for CANC 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CANC charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, CANC currently yields 0.05% against 0.44% for QQQ.
Holdings Overlap
CANC and QQQ share 3 holdings out of 156 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CANC or QQQ?
CANC has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, CANC or QQQ?
Over the past year CANC returned +66.47% vs +26.23% for QQQ, so CANC leads on 1-year performance. Over the longest common window we track (3 years), CANC annualized +23.00% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, CANC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.5% for CANC. Worst drawdown: CANC -26.1% vs QQQ -83.0%.
Should I hold both CANC and QQQ?
CANC and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CANC and QQQ?
CANC and QQQ share 3 common holdings with a 2.0% weight overlap. Combined, they hold 156 unique securities.
Which pays a higher dividend, CANC or QQQ?
CANC yields 0.05% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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