IEUR vs QQQ
iShares Core MSCI Europe ETF vs Invesco QQQ Trust, Series 1
Which is better, IEUR or QQQ?
Large Cap Blend against Large Cap Growth.
IEUR has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IEUR is less concentrated, with 18.8% of the fund in its ten largest positions against 46.5%.
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 | IEUR | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $9.3B | $483.5B |
| Dividend Yield | 3.09% | 0.44% |
| Holdings | 1,024 | 107 |
| YTD Return | +7.37% | +15.94%Best |
| 1Y Return | +14.64% | +20.44%Best |
| 3Y Return (annualized) | +16.53% | +24.86%Best |
| 5Y Return (annualized) | +8.11% | +14.26%Best |
| Volatility (annualized) | 16.2%Best | 18.4% |
| Max Drawdown | -41.1% | -35.1%Best |
| $10,000 over 5 years | $14,768 | $19,475Best |
| Top 10 Weight | 18.8%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 10, 2014 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 12, 2014 to Sep 14, 2026 (12.3 years).
IEUR 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 covers the 12.3 years both funds cover.
IEUR vs QQQ Performance
iShares Core MSCI Europe ETF (IEUR) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IEUR returned +14.64% while QQQ returned +20.44%. Year to date, IEUR is up 7.37% versus a gain of 15.94% for QQQ.
Over three years, IEUR compounded at +16.53% per year against +24.86% for QQQ; over five years the annualized figures are +8.11% and +14.26% respectively. Across the full 12-year window we track, QQQ has the edge at +18.44% annualized vs +4.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 16.2% for IEUR. 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 -41.1% for IEUR 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IEUR charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, IEUR currently yields 3.09% against 0.44% for QQQ.
Holdings Overlap
2.1% of IEUR's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings IEUR also owns.
IEUR and QQQ share little of their money.
2 positions in common, counted across the 879 positions we hold weights for in IEUR and 102 in QQQ, against full books of 1,024 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for IEUR (97.4% of the fund), and 18 for IEUR that do not appear in QQQ (4.2%).
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.
You are not choosing between two funds in isolation.
Whichever of IEUR 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, IEUR or QQQ?
IEUR has an expense ratio of 0.10% while QQQ charges 0.18%. IEUR is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, IEUR or QQQ?
Over the past year IEUR returned +14.64% vs +20.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), IEUR annualized +4.75% vs +18.44% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IEUR or QQQ?
QQQ has been the more volatile fund at 18.4% annualized versus 16.2% for IEUR. Worst drawdown: IEUR -41.1% vs QQQ -35.1%.
Should I hold both IEUR and QQQ?
IEUR and QQQ have a monthly-return correlation of 0.68, 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 IEUR and QQQ?
2.1% of IEUR's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings IEUR also owns. They hold 2 positions in common, counted across the 879 positions we hold weights for in IEUR and 102 in QQQ.
Which pays a higher dividend, IEUR or QQQ?
IEUR yields 3.09% while QQQ yields 0.44%, so IEUR currently pays the higher dividend yield.
Is QQQ better than IEUR?
IEUR has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IEUR is less concentrated, with 18.8% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.