HEAT vs QQQ
Touchstone Climate Transition ETF vs Invesco QQQ Trust, Series 1
Which is better, HEAT or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | HEAT | QQQ |
|---|---|---|
| Expense Ratio | 0.69% | 0.18%Best |
| AUM | $14M | $498.6B |
| Dividend Yield | 0.53% | 0.42% |
| Holdings | 64 | 321 |
| Volatility (annualized) | 15.7% | 14.7%Best |
| Max Drawdown | -20.7%Best | -22.8% |
| $10,000 over 2.6 years | $12,259 | $19,443Best |
| Fund Family | Touchstone Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 28, 2023 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 297 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HEAT has data through Dec 19, 2025 and QQQ through Oct 12, 2026.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: May 2, 2023 to Dec 19, 2025 (2.6 years).
Risk: Volatility and Drawdowns
HEAT has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.7% for QQQ. 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 -20.7% for HEAT and -22.8% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEAT charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, HEAT currently yields 0.53% against 0.42% for QQQ.
You are not choosing between two funds in isolation.
Whichever of HEAT and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEAT or QQQ?
HEAT has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option, by $51 a year on a $10,000 investment.
Which is riskier, HEAT or QQQ?
HEAT has been the more volatile fund at 15.7% annualized versus 14.7% for QQQ. Worst drawdown: HEAT -20.7% vs QQQ -22.8%.
Should I hold both HEAT and QQQ?
HEAT and QQQ have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HEAT or QQQ?
HEAT yields 0.53% while QQQ yields 0.42%, so HEAT currently pays the higher dividend yield.
Is QQQ better than HEAT?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.