EMTL vs QQQ
State Street DoubleLine Emerging Markets Fixed Income ETF vs Invesco QQQ Trust, Series 1
Which is better, EMTL or QQQ?
Emerging Markets Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. EMTL is less concentrated, with 25.0% 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 | EMTL | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $67M | $483.5B |
| Dividend Yield | 4.95% | 0.44% |
| Holdings | 119 | 107 |
| Volatility (annualized) | 7.1%Best | 18.8% |
| Max Drawdown | -22.9%Best | -35.1% |
| $10,000 over 10.3 years | $13,709 | $66,416Best |
| Top 10 Weight | 25.0%Best | 46.5% |
| Fund Family | State Street Investment Management | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Growth |
| Inception | Apr 13, 2016 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 55 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. EMTL has data through Jul 21, 2026 and QQQ through Sep 14, 2026.
Volatility and max drawdown, and the $10,000 over 10.3 years row, are measured over the window both funds cover: Apr 14, 2016 to Jul 21, 2026 (10.3 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 7.1% for EMTL. 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 -22.9% for EMTL 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 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EMTL charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, EMTL currently yields 4.95% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 114 holdings in EMTL and 102 in QQQ, totalling 98.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 127 days apart, EMTL as of Mar 31, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 114 positions we hold weights for in EMTL and 102 in QQQ, against full books of 119 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for EMTL (97.5% of the fund), and 104 for EMTL that do not appear in QQQ (98.5%).
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.
You are not choosing between two funds in isolation.
Whichever of EMTL 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, EMTL or QQQ?
EMTL has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, EMTL or QQQ?
QQQ has been the more volatile fund at 18.8% annualized versus 7.1% for EMTL. Worst drawdown: EMTL -22.9% vs QQQ -35.1%.
Should I hold both EMTL and QQQ?
EMTL and QQQ have a monthly-return correlation of 0.57, 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, EMTL or QQQ?
EMTL yields 4.95% while QQQ yields 0.44%, so EMTL currently pays the higher dividend yield.
Is QQQ better than EMTL?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. EMTL is less concentrated, with 25.0% 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.