IDEQ vs QQQ
Lazard International Dynamic Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. IDEQ delivered stronger 1-year returns. IDEQ offers more diversification with 278 holdings.
Side-by-Side Comparison
| Metric | IDEQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.18% | |
| AUM | $588M | $496.3B | |
| Dividend Yield | 2.42% | 0.44% | |
| Holdings | 278 | 108 | |
| YTD Return | +16.62% | +16.23% | |
| 1Y Return | +34.45% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 14.9% | 30.6% | |
| Max Drawdown | -12.9% | -83.0% | |
| Fund Family | Lazard Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 29, 2015 | Mar 10, 1999 |
IDEQ vs QQQ Performance
Lazard International Dynamic Equity ETF (IDEQ) is a ETF from Lazard Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IDEQ returned +34.45% while QQQ returned +26.23%. Year to date, IDEQ is up 16.62% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.9% for IDEQ. 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 -12.9% for IDEQ 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IDEQ 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, IDEQ currently yields 2.42% against 0.44% for QQQ.
Holdings Overlap
IDEQ and QQQ share 2 holdings out of 352 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IDEQ or QQQ?
IDEQ has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IDEQ or QQQ?
Over the past year IDEQ returned +34.45% vs +26.23% for QQQ, so IDEQ leads on 1-year performance. Over the longest common window we track (1 years), IDEQ annualized +35.94% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, IDEQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.9% for IDEQ. Worst drawdown: IDEQ -12.9% vs QQQ -83.0%.
Should I hold both IDEQ and QQQ?
IDEQ and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IDEQ and QQQ?
IDEQ and QQQ share 2 common holdings with a 0.9% weight overlap. Combined, they hold 352 unique securities.
Which pays a higher dividend, IDEQ or QQQ?
IDEQ yields 2.42% while QQQ yields 0.44%, so IDEQ currently pays the higher dividend yield.
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