EXUS vs QQQ
Nomura Focused International Core 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 108 holdings.
Side-by-Side Comparison
| Metric | EXUS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | - | $455.8B | |
| Dividend Yield | - | 0.41% | |
| Holdings | 54 | 108 | |
| YTD Return | +10.19% | +19.68% | |
| 1Y Return | +13.84% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 17.1% | 30.6% | |
| Max Drawdown | -15.3% | -83.0% | |
| Fund Family | Macquarie Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 17, 2025 | Mar 10, 1999 |
EXUS vs QQQ Performance
Nomura Focused International Core ETF (EXUS) is a ETF from Macquarie Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EXUS returned +13.84% while QQQ returned +26.75%. Year to date, EXUS is up 10.19% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.1% for EXUS. 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 -15.3% for EXUS 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EXUS charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period.
Holdings Overlap
EXUS and QQQ share 3 holdings out of 146 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EXUS or QQQ?
EXUS has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, EXUS or QQQ?
Over the past year EXUS returned +13.84% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), EXUS annualized +14.39% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, EXUS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.1% for EXUS. Worst drawdown: EXUS -15.3% vs QQQ -83.0%.
Should I hold both EXUS and QQQ?
EXUS and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EXUS and QQQ?
EXUS and QQQ share 3 common holdings with a 1.7% weight overlap. Combined, they hold 146 unique securities.
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