EFAX vs QQQ
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EFAX offers more diversification with 671 holdings.
Side-by-Side Comparison
| Metric | EFAX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $518M | $496.3B | |
| Dividend Yield | 3.12% | 0.44% | |
| Holdings | 671 | 108 | |
| YTD Return | +11.05% | +17.07% | |
| 1Y Return | +18.35% | +26.39% | |
| 3Y Return (annualized) | +18.72% | +26.08% | |
| 5Y Return (annualized) | +8.76% | +15.18% | |
| Volatility (annualized) | 15.3% | 30.6% | |
| Max Drawdown | -36.2% | -83.0% | |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2016 | Mar 10, 1999 |
EFAX vs QQQ Performance
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) is a ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EFAX returned +18.35% while QQQ returned +26.39%. Year to date, EFAX is up 11.05% versus a gain of 17.07% for QQQ.
Over three years, EFAX compounded at +18.72% per year against +26.08% for QQQ; over five years the annualized figures are +8.76% and +15.18% respectively. Across the full 10-year window we track, QQQ has the edge at +13.05% annualized vs +8.10%. 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 15.3% for EFAX. 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 -36.2% for EFAX 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EFAX charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, EFAX currently yields 3.12% against 0.44% for QQQ.
Holdings Overlap
EFAX and QQQ share 4 holdings out of 727 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EFAX or QQQ?
EFAX has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, EFAX or QQQ?
Over the past year EFAX returned +18.35% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), EFAX annualized +8.10% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, EFAX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for EFAX. Worst drawdown: EFAX -36.2% vs QQQ -83.0%.
Should I hold both EFAX and QQQ?
EFAX and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFAX and QQQ?
EFAX and QQQ share 4 common holdings with a 1.1% weight overlap. Combined, they hold 727 unique securities.
Which pays a higher dividend, EFAX or QQQ?
EFAX yields 3.12% while QQQ yields 0.44%, so EFAX currently pays the higher dividend yield.
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