ELD vs QQQ
WisdomTree Emerging Markets Local Debt Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ELD offers more diversification with 235 holdings.
Side-by-Side Comparison
| Metric | ELD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $143M | $496.3B | |
| Dividend Yield | 5.98% | 0.44% | |
| Holdings | 235 | 108 | |
| YTD Return | +2.44% | +17.30% | |
| 1Y Return | +8.02% | +24.93% | |
| 3Y Return (annualized) | +7.79% | +26.19% | |
| 5Y Return (annualized) | +3.28% | +15.34% | |
| Volatility (annualized) | 11.1% | 30.6% | |
| Max Drawdown | -52.2% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 9, 2010 | Mar 10, 1999 |
ELD vs QQQ Performance
WisdomTree Emerging Markets Local Debt Fund (ELD) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ELD returned +8.02% while QQQ returned +24.93%. Year to date, ELD is up 2.44% versus a gain of 17.30% for QQQ.
Over three years, ELD compounded at +7.79% per year against +26.19% for QQQ; over five years the annualized figures are +3.28% and +15.34% respectively. Across the full 16-year window we track, QQQ has the edge at +13.06% annualized vs -1.69%. 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 11.1% for ELD. 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 -52.2% for ELD 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELD charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, ELD currently yields 5.98% against 0.44% for QQQ.
Holdings Overlap
ELD and QQQ share 0 holdings out of 104 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, ELD or QQQ?
ELD has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, ELD or QQQ?
Over the past year ELD returned +8.02% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), ELD annualized -1.69% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, ELD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.1% for ELD. Worst drawdown: ELD -52.2% vs QQQ -83.0%.
Should I hold both ELD and QQQ?
ELD and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELD and QQQ?
ELD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, ELD or QQQ?
ELD yields 5.98% while QQQ yields 0.44%, so ELD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.