EBIT vs QQQ
Harbor AlphaEdge Small Cap Earners ETF vs Invesco QQQ Trust, Series 1
Which is better, EBIT or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. EBIT is less concentrated, with 7.8% 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 | EBIT | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $12M | $486.1B |
| Dividend Yield | 1.68% | 0.44% |
| Holdings | 642 | 107 |
| YTD Return | +19.33%Best | +17.54% |
| 1Y Return | +19.67% | +25.59%Best |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 15.4%Best | 17.8% |
| Max Drawdown | -26.6% | -22.8%Best |
| $10,000 over 2.2 years | $13,969 | $14,562Best |
| Top 10 Weight | 7.8%Best | 46.5% |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Jul 8, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 10, 2024 to Sep 4, 2026 (2.2 years).
EBIT 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 2.2 years both funds cover.
EBIT vs QQQ Performance
Harbor AlphaEdge Small Cap Earners ETF (EBIT) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EBIT returned +19.67% while QQQ returned +25.59%. Year to date, EBIT is up 19.33% versus a gain of 17.54% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 15.4% for EBIT. 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 -26.6% for EBIT and -22.8% 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 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EBIT charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, EBIT currently yields 1.68% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 599 holdings in EBIT and 102 in QQQ, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 599 positions we hold weights for in EBIT and 102 in QQQ, against full books of 642 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for EBIT (97.5% of the fund), and 583 for EBIT that do not appear in QQQ (95.3%).
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.
You are not choosing between two funds in isolation.
Whichever of EBIT and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EBIT or QQQ?
EBIT has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, EBIT or QQQ?
Over the past year EBIT returned +19.67% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), EBIT annualized +16.41% vs +18.63% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EBIT or QQQ?
QQQ has been the more volatile fund at 17.8% annualized versus 15.4% for EBIT. Worst drawdown: EBIT -26.6% vs QQQ -22.8%.
Should I hold both EBIT and QQQ?
EBIT and QQQ have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EBIT or QQQ?
EBIT yields 1.68% while QQQ yields 0.44%, so EBIT currently pays the higher dividend yield.
Is QQQ better than EBIT?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. EBIT is less concentrated, with 7.8% 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.