ETO vs QQQ
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Invesco QQQ Trust, Series 1
Which is better, ETO or QQQ?
Allocation/Balanced against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | ETO | QQQ |
|---|---|---|
| Expense Ratio | 1.15% | 0.18%Best |
| AUM | $388M | $486.1B |
| Dividend Yield | 6.07% | 0.44% |
| Holdings | 195 | 107 |
| YTD Return | +11.85% | +17.54%Best |
| 1Y Return | +23.92% | +25.59%Best |
| 3Y Return (annualized) | +20.20% | +24.63%Best |
| 5Y Return (annualized) | +7.04% | +14.18%Best |
| Volatility (annualized) | 23.1% | 18.3%Best |
| Max Drawdown | -75.2% | -53.5%Best |
| $10,000 over 5 years | $14,052 | $19,407Best |
| Fund Family | Eaton Vance | Invesco (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Growth |
| Inception | Apr 30, 2004 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 28, 2004 to Sep 4, 2026 (22.4 years).
ETO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ETO vs QQQ Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is an ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ETO returned +23.92% while QQQ returned +25.59%. Year to date, ETO is up 11.85% versus a gain of 17.54% for QQQ.
Over three years, ETO compounded at +20.20% per year against +24.63% for QQQ; over five years the annualized figures are +7.04% and +14.18% respectively. Across the full 22-year window we track, QQQ has the edge at +14.47% annualized vs +3.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 18.3% for QQQ. 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 -75.2% for ETO and -53.5% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETO charges 1.15% per year while QQQ charges 0.18%. On a $10,000 position that is $115 vs $18 annually, a gap of $97 per year that compounds over a long holding period. On income, ETO currently yields 6.07% against 0.44% for QQQ.
Holdings Overlap
At least 40.5% of QQQ's money is in holdings ETO also owns.
Stated as a floor: for ETO, our book for it covers 92.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 159 days apart, ETO as of Feb 27, 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.
16 positions in common, counted across the 156 positions we hold weights for in ETO and 102 in QQQ, against full books of 195 and 107.
Top Shared Holdings
| Stock | Weight in ETO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.93% | 8.44% | 4.51% |
| AAPLApple, Inc | 1.73% | 7.27% | 5.54% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.40% | 5.76% | 3.36% |
| GOOGAlphabet Inc. C | 4.97% | 3.13% | 1.84% |
| MUMicron Technology, Inc. | 3.54% | 4.43% | 0.89% |
| AMZNAmazon.Com Inc | 2.04% | 4.67% | 2.63% |
| AVGOBroadcom Inc | 1.07% | 3.16% | 2.09% |
| ISRGIntuitive Surgical Inc. | 0.62% | 0.58% | 0.04% |
| MARMarriott International, Inc. | 0.61% | 0.42% | 0.19% |
| TMUST-Mobile Us Inc Com Usd0.00001 | 0.18% | 0.82% | 0.64% |
40.5% of QQQ is already inside ETO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ETO or QQQ?
ETO has an expense ratio of 1.15% while QQQ charges 0.18%. QQQ is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, ETO or QQQ?
Over the past year ETO returned +23.92% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), ETO annualized +3.96% vs +14.47% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETO or QQQ?
ETO has been the more volatile fund at 23.1% annualized versus 18.3% for QQQ. Worst drawdown: ETO -75.2% vs QQQ -53.5%.
Should I hold both ETO and QQQ?
ETO and QQQ have a monthly-return correlation of 0.78, 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 ETO and QQQ?
At least 40.5% of QQQ's money is in holdings ETO also owns. Our book for ETO is partial, so the real figure is this or higher. They hold 16 positions in common, counted across the 156 positions we hold weights for in ETO and 102 in QQQ.
Which pays a higher dividend, ETO or QQQ?
ETO yields 6.07% while QQQ yields 0.44%, so ETO currently pays the higher dividend yield.
Is QQQ better than ETO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.