EMMF vs QQQ
WisdomTree Emerging Markets Multifactor Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EMMF delivered stronger 1-year returns. EMMF offers more diversification with 204 holdings.
Side-by-Side Comparison
| Metric | EMMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.18% | |
| AUM | $181M | $496.3B | |
| Dividend Yield | 2.02% | 0.44% | |
| Holdings | 204 | 108 | |
| YTD Return | +19.04% | +16.23% | |
| 1Y Return | +31.24% | +26.23% | |
| 3Y Return (annualized) | +19.93% | +25.75% | |
| 5Y Return (annualized) | +11.32% | +14.78% | |
| Volatility (annualized) | 14.2% | 30.6% | |
| Max Drawdown | -34.9% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 10, 2018 | Mar 10, 1999 |
EMMF vs QQQ Performance
WisdomTree Emerging Markets Multifactor Fund (EMMF) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EMMF returned +31.24% while QQQ returned +26.23%. Year to date, EMMF is up 19.04% versus a gain of 16.23% for QQQ.
Over three years, EMMF compounded at +19.93% per year against +25.75% for QQQ; over five years the annualized figures are +11.32% and +14.78% respectively. Across the full 8-year window we track, QQQ has the edge at +13.02% annualized vs +7.17%. 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 14.2% for EMMF. 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 -34.9% for EMMF 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMMF charges 0.48% per year while QQQ charges 0.18%. On a $10,000 position that is $48 vs $18 annually, a gap of $30 per year that compounds over a long holding period. On income, EMMF currently yields 2.02% against 0.44% for QQQ.
Holdings Overlap
EMMF and QQQ share 1 holdings out of 305 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 EMMF | Weight in QQQ | Difference |
|---|---|---|---|
| MELI | 2.15% | 0.43% | 1.72% |
Frequently Asked Questions
Which is cheaper, EMMF or QQQ?
EMMF has an expense ratio of 0.48% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, EMMF or QQQ?
Over the past year EMMF returned +31.24% vs +26.23% for QQQ, so EMMF leads on 1-year performance. Over the longest common window we track (8 years), EMMF annualized +7.17% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, EMMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.2% for EMMF. Worst drawdown: EMMF -34.9% vs QQQ -83.0%.
Should I hold both EMMF and QQQ?
EMMF and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMMF and QQQ?
EMMF and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 305 unique securities.
Which pays a higher dividend, EMMF or QQQ?
EMMF yields 2.02% while QQQ yields 0.44%, so EMMF currently pays the higher dividend yield.
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