EMMF vs QQQ
WisdomTree Emerging Markets Multifactor Fund vs Invesco QQQ Trust, Series 1
Which is better, EMMF or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. EMMF led over 1Y, QQQ over 3Y, 5Y and the full window. EMMF is less concentrated, with 28.9% of the fund in its ten largest positions against 46.5%.
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 | EMMF | QQQ |
|---|---|---|
| Expense Ratio | 0.48% | 0.18%Best |
| AUM | $184M | $483.5B |
| Dividend Yield | 2.02% | 0.44% |
| Holdings | 204 | 107 |
| YTD Return | +20.79%Best | +16.87% |
| 1Y Return | +29.22%Best | +22.98% |
| 3Y Return (annualized) | +20.36% | +24.98%Best |
| 5Y Return (annualized) | +10.14% | +14.39%Best |
| Volatility (annualized) | 14.2%Best | 20.6% |
| Max Drawdown | -34.9%Best | -35.1% |
| $10,000 over 5 years | $16,208 | $19,586Best |
| Top 10 Weight | 28.9%Best | 46.5% |
| Fund Family | WisdomTree Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 10, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 10, 2018 to Sep 11, 2026 (8.1 years).
EMMF 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 8.1 years both funds cover.
EMMF vs QQQ Performance
WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EMMF returned +29.22% while QQQ returned +22.98%. Year to date, EMMF is up 20.79% versus a gain of 16.87% for QQQ.
Over three years, EMMF compounded at +20.36% per year against +24.98% for QQQ; over five years the annualized figures are +10.14% and +14.39% respectively. Across the full 8-year window we track, QQQ has the edge at +19.03% annualized vs +7.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.6% 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 -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 0.67. They move together some of the time, and apart the rest.
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
1.8% of EMMF's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings EMMF also owns.
EMMF and QQQ share little of their money.
1 positions in common, counted across the 202 positions we hold weights for in EMMF and 102 in QQQ, against full books of 204 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for EMMF (96.6% of the fund), and 4 for EMMF that do not appear in QQQ (2.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EMMF | Weight in QQQ | Difference |
|---|---|---|---|
| MELIMercadolibre Inc | 1.76% | 0.43% | 1.33% |
You are not choosing between two funds in isolation.
Whichever of EMMF 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, EMMF or QQQ?
EMMF has an expense ratio of 0.48% while QQQ charges 0.18%. QQQ is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, EMMF or QQQ?
Over the past year EMMF returned +29.22% vs +22.98% for QQQ, so EMMF leads on 1-year performance. Over the longest common window we track (8 years), EMMF annualized +7.31% vs +19.03% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMMF or QQQ?
QQQ has been the more volatile fund at 20.6% annualized versus 14.2% for EMMF. Worst drawdown: EMMF -34.9% vs QQQ -35.1%.
Should I hold both EMMF and QQQ?
EMMF and QQQ have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EMMF and QQQ?
1.8% of EMMF's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings EMMF also owns. They hold 1 positions in common, counted across the 202 positions we hold weights for in EMMF and 102 in QQQ.
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.
Is QQQ better than EMMF?
QQQ has a lower expense ratio. EMMF led over 1Y, QQQ over 3Y, 5Y and the full window. EMMF is less concentrated, with 28.9% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.