KLMN vs QQQ
Invesco MSCI North America Climate ETF vs Invesco QQQ Trust, Series 1
Which is better, KLMN or QQQ?
Large Cap Blend against Large Cap Growth.
KLMN has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. KLMN is less concentrated, with 35.3% 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 | KLMN | QQQ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.18% |
| AUM | $2.4B | $483.5B |
| Dividend Yield | 1.17% | 0.44% |
| Holdings | 277 | 107 |
| YTD Return | +12.90% | +16.87%Best |
| 1Y Return | +18.00% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 12.8%Best | 19.6% |
| Max Drawdown | -19.2%Best | -22.8% |
| $10,000 over 1.7 years | $12,781 | $13,495Best |
| Top 10 Weight | 35.3%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 11, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 11, 2024 to Sep 11, 2026 (1.7 years).
KLMN 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 1.7 years both funds cover.
KLMN vs QQQ Performance
Invesco MSCI North America Climate ETF (KLMN) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KLMN returned +18.00% while QQQ returned +22.98%. Year to date, KLMN is up 12.90% versus a gain of 16.87% 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 19.6% compared with 12.8% for KLMN. 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 -19.2% for KLMN 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KLMN charges 0.09% per year while QQQ charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, KLMN currently yields 1.17% against 0.44% for QQQ.
Holdings Overlap
52.8% of KLMN's money is in holdings QQQ also owns. 92.4% of QQQ's money is in holdings KLMN also owns.
Most of QQQ is already inside KLMN. Owning both mostly buys the same companies twice.
75 positions in common, counted across the 269 positions we hold weights for in KLMN and 102 in QQQ, against full books of 277 and 107.
What only one of them owns
Our book lists 21 positions for QQQ that do not appear in our book for KLMN (5.4% of the fund), and 168 for KLMN that do not appear in QQQ (42.0%).
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.
Top Shared Holdings
| Stock | Weight in KLMN | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.98% | 8.44% | 1.46% |
| AAPLApple, Inc | 6.49% | 7.27% | 0.78% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.99% | 5.76% | 0.77% |
| AMZNAmazon.Com Inc | 3.83% | 4.67% | 0.84% |
| GOOGLAlphabet A Usd 0.001 | 3.48% | 3.36% | 0.12% |
| MUMicron Technology, Inc. | 1.46% | 4.43% | 2.97% |
| AVGOBroadcom Inc | 2.69% | 3.16% | 0.47% |
| GOOGAlphabet Inc | 2.14% | 3.13% | 0.99% |
| AMDAdvanced Micro Devices Inc. | 1.24% | 3.45% | 2.21% |
| METAMeta Platforms, Inc. | 1.86% | 2.78% | 0.92% |
92.4% of QQQ is already inside KLMN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KLMN or QQQ?
KLMN has an expense ratio of 0.09% while QQQ charges 0.18%. KLMN is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, KLMN or QQQ?
Over the past year KLMN returned +18.00% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), KLMN annualized +15.53% vs +19.28% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KLMN or QQQ?
QQQ has been the more volatile fund at 19.6% annualized versus 12.8% for KLMN. Worst drawdown: KLMN -19.2% vs QQQ -22.8%.
Should I hold both KLMN and QQQ?
KLMN and QQQ have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between KLMN and QQQ?
92.4% of QQQ's money is in holdings KLMN also owns. 92.4% of QQQ's is in holdings KLMN also owns. They hold 75 positions in common, counted across the 269 positions we hold weights for in KLMN and 102 in QQQ.
Which pays a higher dividend, KLMN or QQQ?
KLMN yields 1.17% while QQQ yields 0.44%, so KLMN currently pays the higher dividend yield.
Is QQQ better than KLMN?
KLMN has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. KLMN is less concentrated, with 35.3% 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.