CEE vs QQQ
The Central and Eastern Europe Fund Inc. vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CEE delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CEE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.18% | 0.18% | |
| AUM | $142M | $455.8B | |
| Dividend Yield | 1.85% | 0.41% | |
| Holdings | 60 | 108 | |
| YTD Return | +16.81% | +17.85% | |
| 1Y Return | +28.70% | +26.45% | |
| 3Y Return (annualized) | +35.82% | +26.07% | |
| 5Y Return (annualized) | -2.30% | +15.16% | |
| Volatility (annualized) | 31.2% | 30.6% | |
| Max Drawdown | -83.0% | -83.0% | |
| Fund Family | DWS ETF Trust | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 1990 | Mar 10, 1999 |
CEE vs QQQ Performance
The Central and Eastern Europe Fund Inc. (CEE) is a ETF from DWS ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CEE returned +28.70% while QQQ returned +26.45%. Year to date, CEE is up 16.81% versus a gain of 17.85% for QQQ.
Over three years, CEE compounded at +35.82% per year against +26.07% for QQQ; over five years the annualized figures are -2.30% and +15.16% respectively. Across the full 27-year window we track, QQQ has the edge at +13.09% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CEE has been the more volatile fund, with annualized monthly volatility of 31.2% compared with 30.6% 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 -83.0% for CEE 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CEE charges 1.18% per year while QQQ charges 0.18%. On a $10,000 position that is $118 vs $18 annually, a gap of $100 per year that compounds over a long holding period. On income, CEE currently yields 1.85% against 0.41% for QQQ.
Holdings Overlap
CEE and QQQ share 0 holdings out of 153 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, CEE or QQQ?
CEE has an expense ratio of 1.18% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, CEE or QQQ?
Over the past year CEE returned +28.70% vs +26.45% for QQQ, so CEE leads on 1-year performance. Over the longest common window we track (27 years), CEE annualized +6.97% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, CEE or QQQ?
CEE has been the more volatile fund at 31.2% annualized versus 30.6% for QQQ. Worst drawdown: CEE -83.0% vs QQQ -83.0%.
Should I hold both CEE and QQQ?
CEE and QQQ have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CEE and QQQ?
CEE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 153 unique securities.
Which pays a higher dividend, CEE or QQQ?
CEE yields 1.85% while QQQ yields 0.41%, so CEE currently pays the higher dividend yield.
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