ETG vs QQQ
Eaton Vance Tax-Advantaged Global Dividend Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ETG offers more diversification with 193 holdings.
Side-by-Side Comparison
| Metric | ETG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.18% | |
| AUM | $1.3B | $496.3B | |
| Dividend Yield | 6.00% | 0.44% | |
| Holdings | 193 | 108 | |
| YTD Return | +8.77% | +16.64% | |
| 1Y Return | +25.66% | +27.27% | |
| 3Y Return (annualized) | +22.81% | +25.96% | |
| 5Y Return (annualized) | +10.17% | +14.54% | |
| Volatility (annualized) | 21.7% | 30.6% | |
| Max Drawdown | -78.3% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jan 30, 2004 | Mar 10, 1999 |
ETG vs QQQ Performance
Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETG returned +25.66% while QQQ returned +27.27%. Year to date, ETG is up 8.77% versus a gain of 16.64% for QQQ.
Over three years, ETG compounded at +22.81% per year against +25.96% for QQQ; over five years the annualized figures are +10.17% and +14.54% respectively. Across the full 23-year window we track, QQQ has the edge at +13.03% annualized vs +2.69%. 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 21.7% for ETG. 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 -78.3% for ETG 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETG charges 1.27% per year while QQQ charges 0.18%. On a $10,000 position that is $127 vs $18 annually, a gap of $109 per year that compounds over a long holding period. On income, ETG currently yields 6.00% against 0.44% for QQQ.
Holdings Overlap
ETG and QQQ share 16 holdings out of 240 unique holdings combined, representing a 19.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETG or QQQ?
ETG has an expense ratio of 1.27% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, ETG or QQQ?
Over the past year ETG returned +25.66% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), ETG annualized +2.69% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ETG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.7% for ETG. Worst drawdown: ETG -78.3% vs QQQ -83.0%.
Should I hold both ETG and QQQ?
ETG and QQQ have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETG and QQQ?
ETG and QQQ share 16 common holdings with a 19.8% weight overlap. Combined, they hold 240 unique securities.
Which pays a higher dividend, ETG or QQQ?
ETG yields 6.00% while QQQ yields 0.44%, so ETG currently pays the higher dividend yield.
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