EMHC vs QQQ
State Street SPDR Bloomberg Emerging Markets USD Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, EMHC or QQQ?
Emerging Markets Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | EMHC | QQQ |
|---|---|---|
| Expense Ratio | 0.23% | 0.18%Best |
| AUM | $314M | $483.5B |
| Dividend Yield | 6.18% | 0.44% |
| Holdings | 555 | 107 |
| YTD Return | +0.40% | +17.21%Best |
| 1Y Return | +3.46% | +22.10%Best |
| 3Y Return (annualized) | +8.19% | +25.27%Best |
| 5Y Return (annualized) | +0.93% | +14.60%Best |
| Volatility (annualized) | 9.7%Best | 20.4% |
| Max Drawdown | -28.0%Best | -35.1% |
| $10,000 over 5 years | $10,474 | $19,766Best |
| Fund Family | State Street Investment Management | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Growth |
| Inception | Apr 6, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 7, 2021 to Sep 17, 2026 (5.4 years).
EMHC 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 5.4 years both funds cover.
EMHC vs QQQ Performance
State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is an ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EMHC returned +3.46% while QQQ returned +22.10%. Year to date, EMHC is up 0.40% versus a gain of 17.21% for QQQ.
Over three years, EMHC compounded at +8.19% per year against +25.27% for QQQ; over five years the annualized figures are +0.93% and +14.60% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 9.7% for EMHC. 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 -28.0% for EMHC and -35.1% 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMHC charges 0.23% per year while QQQ charges 0.18%. On a $10,000 position that is $23 vs $18 annually, a gap of $5 per year that compounds over a long holding period. On income, EMHC currently yields 6.18% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 187 holdings in EMHC and 102 in QQQ, totalling 38.8% 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 187 positions we hold weights for in EMHC and 102 in QQQ, against full books of 555 and 107.
You are not choosing between two funds in isolation.
Whichever of EMHC 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, EMHC or QQQ?
EMHC has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, EMHC or QQQ?
Over the past year EMHC returned +3.46% vs +22.10% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMHC or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 9.7% for EMHC. Worst drawdown: EMHC -28.0% vs QQQ -35.1%.
Should I hold both EMHC and QQQ?
EMHC and QQQ have a monthly-return correlation of 0.70, 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, EMHC or QQQ?
EMHC yields 6.18% while QQQ yields 0.44%, so EMHC currently pays the higher dividend yield.
Is QQQ better than EMHC?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.