ITEQ vs QQQ
Amplify BlueStar Israel Technology ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | ITEQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $120M | $496.3B | |
| Dividend Yield | 0.79% | 0.44% | |
| Holdings | 61 | 108 | |
| YTD Return | +7.41% | +16.23% | |
| 1Y Return | +19.09% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 17.9% | 30.6% | |
| Max Drawdown | -22.9% | -83.0% | |
| Fund Family | Amplify ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2015 | Mar 10, 1999 |
ITEQ vs QQQ Performance
Amplify BlueStar Israel Technology ETF (ITEQ) is a ETF from Amplify ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ITEQ returned +19.09% while QQQ returned +26.23%. Year to date, ITEQ is up 7.41% 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 17.9% for ITEQ. 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 ITEQ 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ITEQ charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, ITEQ currently yields 0.79% against 0.44% for QQQ.
Holdings Overlap
ITEQ and QQQ share 1 holdings out of 160 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ITEQ | Weight in QQQ | Difference |
|---|---|---|---|
| PANW | 9.96% | 1.30% | 8.66% |
Frequently Asked Questions
Which is cheaper, ITEQ or QQQ?
ITEQ has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, ITEQ or QQQ?
Over the past year ITEQ returned +19.09% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), ITEQ annualized +13.75% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, ITEQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.9% for ITEQ. Worst drawdown: ITEQ -22.9% vs QQQ -83.0%.
Should I hold both ITEQ and QQQ?
ITEQ and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ITEQ and QQQ?
ITEQ and QQQ share 1 common holdings with a 1.3% weight overlap. Combined, they hold 160 unique securities.
Which pays a higher dividend, ITEQ or QQQ?
ITEQ yields 0.79% while QQQ yields 0.44%, so ITEQ currently pays the higher dividend yield.
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