HYEM vs QQQ
VanEck Emerging Markets High Yield Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, HYEM or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | HYEM | QQQ |
|---|---|---|
| Expense Ratio | 0.40% | 0.18%Best |
| AUM | $522M | $483.5B |
| Dividend Yield | 6.77% | 0.44% |
| Holdings | 548 | 107 |
| YTD Return | +3.70% | +16.87%Best |
| 1Y Return | +4.77% | +22.98%Best |
| 3Y Return (annualized) | +10.21% | +24.98%Best |
| 5Y Return (annualized) | +2.87% | +14.39%Best |
| Volatility (annualized) | 8.6%Best | 17.4% |
| Max Drawdown | -39.3% | -35.1%Best |
| $10,000 over 5 years | $11,520 | $19,586Best |
| Fund Family | VanEck | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Growth |
| Inception | May 8, 2012 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 9, 2012 to Sep 11, 2026 (14.3 years).
HYEM 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.
HYEM vs QQQ Performance
VanEck Emerging Markets High Yield Bond ETF (HYEM) is an ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year HYEM returned +4.77% while QQQ returned +22.98%. Year to date, HYEM is up 3.70% versus a gain of 16.87% for QQQ.
Over three years, HYEM compounded at +10.21% per year against +24.98% for QQQ; over five years the annualized figures are +2.87% and +14.39% respectively. Across the full 14-year window we track, QQQ has the edge at +18.55% annualized vs +0.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 8.6% for HYEM. 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 -39.3% for HYEM and -35.1% 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 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HYEM charges 0.40% per year while QQQ charges 0.18%. On a $10,000 position that is $40 vs $18 annually, a gap of $22 per year that compounds over a long holding period. On income, HYEM currently yields 6.77% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 320 holdings in HYEM and 102 in QQQ, totalling 61.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 320 positions we hold weights for in HYEM and 102 in QQQ, against full books of 548 and 107.
You are not choosing between two funds in isolation.
Whichever of HYEM 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, HYEM or QQQ?
HYEM has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, HYEM or QQQ?
Over the past year HYEM returned +4.77% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), HYEM annualized +0.80% vs +18.55% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYEM or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 8.6% for HYEM. Worst drawdown: HYEM -39.3% vs QQQ -35.1%.
Should I hold both HYEM and QQQ?
HYEM and QQQ have a monthly-return correlation of 0.50, 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, HYEM or QQQ?
HYEM yields 6.77% while QQQ yields 0.44%, so HYEM currently pays the higher dividend yield.
Is QQQ better than HYEM?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.