EMM vs QQQ
Global X Emerging Markets ex-China ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EMM delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | EMM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.18% | |
| AUM | $57M | $496.3B | |
| Dividend Yield | 0.77% | 0.44% | |
| Holdings | 53 | 108 | |
| YTD Return | +25.20% | +16.23% | |
| 1Y Return | +46.39% | +26.23% | |
| 3Y Return (annualized) | +21.34% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 19.1% | 30.6% | |
| Max Drawdown | -22.0% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 24, 2010 | Mar 10, 1999 |
EMM vs QQQ Performance
Global X Emerging Markets ex-China ETF (EMM) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EMM returned +46.39% while QQQ returned +26.23%. Year to date, EMM is up 25.20% versus a gain of 16.23% for QQQ.
Over three years, EMM compounded at +21.34% per year against +25.75% for QQQ. Across the full 3-year window we track, EMM has the edge at +18.72% annualized vs +13.02%. 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 19.1% for EMM. 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 -22.0% for EMM 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMM charges 0.66% per year while QQQ charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, EMM currently yields 0.77% against 0.44% for QQQ.
Holdings Overlap
EMM and QQQ share 1 holdings out of 145 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EMM | Weight in QQQ | Difference |
|---|---|---|---|
| MELI | 1.15% | 0.43% | 0.72% |
Frequently Asked Questions
Which is cheaper, EMM or QQQ?
EMM has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, EMM or QQQ?
Over the past year EMM returned +46.39% vs +26.23% for QQQ, so EMM leads on 1-year performance. Over the longest common window we track (3 years), EMM annualized +18.72% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, EMM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.1% for EMM. Worst drawdown: EMM -22.0% vs QQQ -83.0%.
Should I hold both EMM and QQQ?
EMM and QQQ have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMM and QQQ?
EMM and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 145 unique securities.
Which pays a higher dividend, EMM or QQQ?
EMM yields 0.77% while QQQ yields 0.44%, so EMM currently pays the higher dividend yield.
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