EMEQ vs QQQ
Nomura Focused Emerging Markets Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EMEQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EMEQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.18% | |
| AUM | $581M | $455.8B | |
| Dividend Yield | 1.55% | 0.41% | |
| Holdings | 60 | 108 | |
| YTD Return | +48.70% | +17.46% | |
| 1Y Return | +108.76% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 34.2% | 30.6% | |
| Max Drawdown | -26.3% | -83.0% | |
| Fund Family | Macquarie Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 4, 2024 | Mar 10, 1999 |
EMEQ vs QQQ Performance
Nomura Focused Emerging Markets Equity ETF (EMEQ) is a ETF from Macquarie Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EMEQ returned +108.76% while QQQ returned +26.02%. Year to date, EMEQ is up 48.70% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
EMEQ has been the more volatile fund, with annualized monthly volatility of 34.2% 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 -26.3% for EMEQ 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
EMEQ charges 0.86% per year while QQQ charges 0.18%. On a $10,000 position that is $86 vs $18 annually, a gap of $68 per year that compounds over a long holding period. On income, EMEQ currently yields 1.55% against 0.41% for QQQ.
Holdings Overlap
EMEQ and QQQ share 1 holdings out of 154 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EMEQ | Weight in QQQ | Difference |
|---|---|---|---|
| PDD | 0.89% | 0.25% | 0.64% |
Frequently Asked Questions
Which is cheaper, EMEQ or QQQ?
EMEQ has an expense ratio of 0.86% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, EMEQ or QQQ?
Over the past year EMEQ returned +108.76% vs +26.02% for QQQ, so EMEQ leads on 1-year performance. Over the longest common window we track (2 years), EMEQ annualized +64.20% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, EMEQ or QQQ?
EMEQ has been the more volatile fund at 34.2% annualized versus 30.6% for QQQ. Worst drawdown: EMEQ -26.3% vs QQQ -83.0%.
Should I hold both EMEQ and QQQ?
EMEQ 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 EMEQ and QQQ?
EMEQ and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 154 unique securities.
Which pays a higher dividend, EMEQ or QQQ?
EMEQ yields 1.55% while QQQ yields 0.41%, so EMEQ 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.