INDE vs QQQ
Matthews India Active ETF vs Invesco QQQ Trust, Series 1
Which is better, INDE or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. INDE is less concentrated, with 42.7% 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 | INDE | QQQ |
|---|---|---|
| Expense Ratio | 0.79% | 0.18%Best |
| AUM | $18M | $483.5B |
| Dividend Yield | 1.74% | 0.44% |
| Holdings | 53 | 107 |
| YTD Return | -0.80% | +21.22%Best |
| 1Y Return | +0.13% | +23.58%Best |
| 3Y Return (annualized) | +6.97% | +28.18%Best |
| 5Y Return (annualized) | - | +15.82% |
| Volatility (annualized) | 13.6%Best | 17.3% |
| Max Drawdown | -22.9% | -22.8%Best |
| $10,000 over 3 years | $12,240 | $21,060Best |
| Top 10 Weight | 42.7%Best | 46.5% |
| Fund Family | Matthews Asia Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Sep 21, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 22, 2023 to Sep 21, 2026 (3 years).
INDE 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 3 years both funds cover.
INDE vs QQQ Performance
Matthews India Active ETF (INDE) is an ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year INDE returned +0.13% while QQQ returned +23.58%. Year to date, INDE is down 0.80% versus a gain of 21.22% for QQQ.
Over three years, INDE compounded at +6.97% per year against +28.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 13.6% for INDE. 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 -22.9% for INDE 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 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INDE charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, INDE currently yields 1.74% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 72 holdings in INDE and 102 in QQQ, totalling 99.8% 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 72 positions we hold weights for in INDE and 102 in QQQ, against full books of 53 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for INDE (97.5% of the fund), and 2 for INDE that do not appear in QQQ (2.1%).
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 INDE 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, INDE or QQQ?
INDE has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, INDE or QQQ?
Over the past year INDE returned +0.13% vs +23.58% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INDE or QQQ?
QQQ has been the more volatile fund at 17.3% annualized versus 13.6% for INDE. Worst drawdown: INDE -22.9% vs QQQ -22.8%.
Should I hold both INDE and QQQ?
INDE and QQQ have a monthly-return correlation of 0.30, 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, INDE or QQQ?
INDE yields 1.74% while QQQ yields 0.44%, so INDE currently pays the higher dividend yield.
Is QQQ better than INDE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. INDE is less concentrated, with 42.7% 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.