EUM vs QQQ
ProShares Short MSCI Emerging Markets vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EUM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $10M | $455.8B | |
| Dividend Yield | 4.31% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | -17.83% | +19.68% | |
| 1Y Return | -25.88% | +26.75% | |
| 3Y Return (annualized) | -15.92% | +26.25% | |
| 5Y Return (annualized) | -6.35% | +15.39% | |
| Volatility (annualized) | 19.5% | 30.6% | |
| Max Drawdown | -94.0% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2007 | Mar 10, 1999 |
EUM vs QQQ Performance
ProShares Short MSCI Emerging Markets (EUM) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EUM returned -25.88% while QQQ returned +26.75%. Year to date, EUM is down 17.83% versus a gain of 19.68% for QQQ.
Over three years, EUM compounded at -15.92% per year against +26.25% for QQQ; over five years the annualized figures are -6.35% and +15.39% respectively. Across the full 19-year window we track, QQQ has the edge at +13.15% annualized vs -10.47%. 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 19.5% for EUM. 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 -94.0% for EUM 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 -0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUM charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, EUM currently yields 4.31% against 0.41% for QQQ.
Holdings Overlap
EUM and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EUM or QQQ?
EUM has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, EUM or QQQ?
Over the past year EUM returned -25.88% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), EUM annualized -10.47% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EUM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.5% for EUM. Worst drawdown: EUM -94.0% vs QQQ -83.0%.
Should I hold both EUM and QQQ?
EUM and QQQ have a monthly-return correlation of -0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUM and QQQ?
EUM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, EUM or QQQ?
EUM yields 4.31% while QQQ yields 0.41%, so EUM currently pays the higher dividend yield.
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