EXG vs QQQ
Eaton Vance Tax-Managed Global Diversified Equity Income Fund vs Invesco QQQ Trust, Series 1
Which is better, EXG or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. EXG is less concentrated, with 29.8% of the fund in its ten largest positions against 47.2%.
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 | EXG | QQQ |
|---|---|---|
| Expense Ratio | 1.07% | 0.18%Best |
| AUM | $3.2B | $498.6B |
| Dividend Yield | 7.33% | 0.42% |
| Holdings | 115 | 321 |
| YTD Return | +5.71% | +22.67%Best |
| 1Y Return | +11.78% | +24.33%Best |
| 3Y Return (annualized) | +19.70% | +29.05%Best |
| 5Y Return (annualized) | +7.97% | +17.00%Best |
| Volatility (annualized) | 18.7%Tie | 18.7%Tie |
| Max Drawdown | -76.1% | -53.5%Best |
| $10,000 over 5 years | $14,673 | $21,924Best |
| Top 10 Weight | 29.8%Best | 47.2% |
| Fund Family | Eaton Vance | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Feb 27, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Feb 23, 2007 to Oct 2, 2026 (19.6 years).
EXG 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.
EXG vs QQQ Performance
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is an ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year EXG returned +11.78% while QQQ returned +24.33%. Year to date, EXG is up 5.71% versus a gain of 22.67% for QQQ.
Over three years, EXG compounded at +19.70% per year against +29.05% for QQQ; over five years the annualized figures are +7.97% and +17.00% respectively. Across the full 20-year window we track, QQQ has the edge at +15.59% annualized vs -1.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EXG and QQQ have been equally volatile, both at 18.7% annualized.
The deepest peak-to-trough decline in our data was -76.1% for EXG 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EXG charges 1.07% per year while QQQ charges 0.18%. On a $10,000 position that is $107 vs $18 annually, a gap of $89 per year that compounds over a long holding period. On income, EXG currently yields 7.33% against 0.42% for QQQ.
Holdings Overlap
27.9% of EXG's money is in holdings QQQ also owns. 39.7% of QQQ's money is in holdings EXG also owns.
The two portfolios partly overlap.
The two holdings books were reported 200 days apart, EXG as of Feb 27, 2026 and QQQ as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 94 positions we hold weights for in EXG and 102 in QQQ, against full books of 115 and 321.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for EXG (58.7% of the fund), and 36 for EXG that do not appear in QQQ (30.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EXG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.68% | 8.45% | 4.77% |
| AAPLApple, Inc | 3.02% | 7.80% | 4.78% |
| MSFTMicrosoft Corp | 3.73% | 5.88% | 2.15% |
| GOOGAlphabet Inc. C | 5.45% | 2.93% | 2.52% |
| AMZNAmazon.Com Inc | 3.30% | 4.41% | 1.11% |
| MUMicron Technology, Inc. | 1.15% | 4.85% | 3.70% |
| AVGOBroadcom Inc | 1.52% | 2.74% | 1.22% |
| ASML:ASASML HOLDING NV | 2.70% | 0.69% | 2.01% |
| MCHPMicrochip Technology Inc. | 1.17% | 0.18% | 0.99% |
| ISRGIntuitive Surgical Inc. | 0.70% | 0.58% | 0.12% |
39.7% of QQQ is already inside EXG.
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, EXG or QQQ?
EXG has an expense ratio of 1.07% while QQQ charges 0.18%. QQQ is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, EXG or QQQ?
Over the past year EXG returned +11.78% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), EXG annualized -1.30% vs +15.59% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EXG or QQQ?
EXG and QQQ have been equally volatile, both at 18.7% annualized. Worst drawdown: EXG -76.1% vs QQQ -53.5%.
Should I hold both EXG and QQQ?
EXG and QQQ have a monthly-return correlation of 0.77, 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 EXG and QQQ?
39.7% of QQQ's money is in holdings EXG also owns. 39.7% of QQQ's is in holdings EXG also owns. They hold 13 positions in common, counted across the 94 positions we hold weights for in EXG and 102 in QQQ.
Which pays a higher dividend, EXG or QQQ?
EXG yields 7.33% while QQQ yields 0.42%, so EXG currently pays the higher dividend yield.
Is QQQ better than EXG?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. EXG is less concentrated, with 29.8% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.