EWP vs QQQ
iShares MSCI Spain ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EWP delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | EWP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $2.2B | $496.3B | |
| Dividend Yield | 2.71% | 0.44% | |
| Holdings | 30 | 108 | |
| YTD Return | +16.74% | +19.52% | |
| 1Y Return | +33.71% | +26.68% | |
| 3Y Return (annualized) | +35.22% | +26.64% | |
| 5Y Return (annualized) | +21.04% | +15.36% | |
| Volatility (annualized) | 23.4% | 30.6% | |
| Max Drawdown | -73.7% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | Mar 10, 1999 |
EWP vs QQQ Performance
iShares MSCI Spain ETF (EWP) 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 EWP returned +33.71% while QQQ returned +26.68%. Year to date, EWP is up 16.74% versus a gain of 19.52% for QQQ.
Over three years, EWP compounded at +35.22% per year against +26.64% for QQQ; over five years the annualized figures are +21.04% and +15.36% respectively. Across the full 27-year window we track, QQQ has the edge at +13.14% annualized vs +5.73%. 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 23.4% for EWP. 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 -73.7% for EWP 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWP charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, EWP currently yields 2.71% against 0.44% for QQQ.
Holdings Overlap
EWP and QQQ share 1 holdings out of 123 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EWP | Weight in QQQ | Difference |
|---|---|---|---|
| FER:AS | 4.05% | 0.21% | 3.84% |
Frequently Asked Questions
Which is cheaper, EWP or QQQ?
EWP has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, EWP or QQQ?
Over the past year EWP returned +33.71% vs +26.68% for QQQ, so EWP leads on 1-year performance. Over the longest common window we track (27 years), EWP annualized +5.73% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, EWP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 23.4% for EWP. Worst drawdown: EWP -73.7% vs QQQ -83.0%.
Should I hold both EWP and QQQ?
EWP and QQQ have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWP and QQQ?
EWP and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 123 unique securities.
Which pays a higher dividend, EWP or QQQ?
EWP yields 2.71% while QQQ yields 0.44%, so EWP currently pays the higher dividend yield.
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