EWD vs QQQ
iShares MSCI Sweden ETF 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 | EWD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.18% | |
| AUM | $535M | $455.8B | |
| Dividend Yield | 3.59% | 0.41% | |
| Holdings | 51 | 108 | |
| YTD Return | +9.51% | +17.46% | |
| 1Y Return | +21.58% | +26.02% | |
| 3Y Return (annualized) | +19.69% | +25.51% | |
| 5Y Return (annualized) | +5.11% | +15.12% | |
| Volatility (annualized) | 24.7% | 30.6% | |
| Max Drawdown | -79.9% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | Mar 10, 1999 |
EWD vs QQQ Performance
iShares MSCI Sweden ETF (EWD) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EWD returned +21.58% while QQQ returned +26.02%. Year to date, EWD is up 9.51% versus a gain of 17.46% for QQQ.
Over three years, EWD compounded at +19.69% per year against +25.51% for QQQ; over five years the annualized figures are +5.11% and +15.12% respectively. Across the full 27-year window we track, QQQ has the edge at +13.08% annualized vs +5.31%. 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 24.7% for EWD. 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 -79.9% for EWD 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWD charges 0.51% per year while QQQ charges 0.18%. On a $10,000 position that is $51 vs $18 annually, a gap of $33 per year that compounds over a long holding period. On income, EWD currently yields 3.59% against 0.41% for QQQ.
Holdings Overlap
EWD and QQQ share 0 holdings out of 147 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, EWD or QQQ?
EWD has an expense ratio of 0.51% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, EWD or QQQ?
Over the past year EWD returned +21.58% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (27 years), EWD annualized +5.31% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, EWD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.7% for EWD. Worst drawdown: EWD -79.9% vs QQQ -83.0%.
Should I hold both EWD and QQQ?
EWD and QQQ have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWD and QQQ?
EWD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 147 unique securities.
Which pays a higher dividend, EWD or QQQ?
EWD yields 3.59% while QQQ yields 0.41%, so EWD currently pays the higher dividend yield.
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