EMHC vs QQQ
State Street SPDR Bloomberg Emerging Markets USD Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EMHC offers more diversification with 542 holdings.
Side-by-Side Comparison
| Metric | EMHC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.18% | |
| AUM | $292M | $496.3B | |
| Dividend Yield | 6.20% | 0.44% | |
| Holdings | 542 | 108 | |
| YTD Return | +1.16% | +16.64% | |
| 1Y Return | +6.53% | +27.27% | |
| 3Y Return (annualized) | +8.79% | +25.96% | |
| 5Y Return (annualized) | +1.12% | +14.54% | |
| Volatility (annualized) | 9.7% | 30.6% | |
| Max Drawdown | -28.0% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 6, 2021 | Mar 10, 1999 |
EMHC vs QQQ Performance
State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EMHC returned +6.53% while QQQ returned +27.27%. Year to date, EMHC is up 1.16% versus a gain of 16.64% for QQQ.
Over three years, EMHC compounded at +8.79% per year against +25.96% for QQQ; over five years the annualized figures are +1.12% and +14.54% respectively. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +1.67%. 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 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 -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 0.70. 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 6.20% against 0.44% for QQQ.
Holdings Overlap
EMHC and QQQ share 0 holdings out of 110 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, EMHC or QQQ?
EMHC has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, EMHC or QQQ?
Over the past year EMHC returned +6.53% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), EMHC annualized +1.67% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, EMHC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 9.7% for EMHC. Worst drawdown: EMHC -28.0% vs QQQ -83.0%.
Should I hold both EMHC and QQQ?
EMHC and QQQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMHC and QQQ?
EMHC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 110 unique securities.
Which pays a higher dividend, EMHC or QQQ?
EMHC yields 6.20% while QQQ yields 0.44%, so EMHC currently pays the higher dividend yield.
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