KLMT vs QQQ
Invesco MSCI Global Climate 500 ETF vs Invesco QQQ Trust, Series 1
Which is better, KLMT or QQQ?
Large Cap Blend against Large Cap Growth.
KLMT has a lower expense ratio. QQQ led over 1Y and the full window. KLMT is less concentrated, with 24.9% 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 | KLMT | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $1.6B | $486.1B |
| Dividend Yield | 1.77% | 0.44% |
| Holdings | 517 | 107 |
| YTD Return | +14.54% | +17.44%Best |
| 1Y Return | +21.33% | +24.69%Best |
| 3Y Return (annualized) | - | +24.76% |
| 5Y Return (annualized) | - | +14.22% |
| Volatility (annualized) | 10.8%Best | 17.6% |
| Max Drawdown | -16.9%Best | -22.8% |
| $10,000 over 2.2 years | $14,568 | $15,108Best |
| Top 10 Weight | 24.9%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 26, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 26, 2024 to Sep 8, 2026 (2.2 years).
KLMT 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 2.2 years both funds cover.
KLMT vs QQQ Performance
Invesco MSCI Global Climate 500 ETF (KLMT) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KLMT returned +21.33% while QQQ returned +24.69%. Year to date, KLMT is up 14.54% versus a gain of 17.44% 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 17.6% compared with 10.8% for KLMT. 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 -16.9% for KLMT 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KLMT 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, KLMT currently yields 1.77% against 0.44% for QQQ.
Holdings Overlap
36.1% of KLMT's money is in holdings QQQ also owns. 90.1% of QQQ's money is in holdings KLMT also owns.
Most of QQQ is already inside KLMT. Owning both mostly buys the same companies twice.
80 positions in common, counted across the 499 positions we hold weights for in KLMT and 102 in QQQ, against full books of 517 and 107.
What only one of them owns
Our book lists 19 positions for QQQ that do not appear in our book for KLMT (8.8% of the fund), and 182 for KLMT that do not appear in QQQ (31.0%).
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 KLMT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.75% | 8.44% | 3.69% |
| AAPLApple Inc Ord | 4.41% | 7.27% | 2.86% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.39% | 5.76% | 2.37% |
| AMZNAmazon.Com Inc | 2.60% | 4.67% | 2.07% |
| GOOGL Alphabet Inc. Class A | 2.37% | 3.36% | 0.99% |
| MUMicron Technology, Inc. | 0.99% | 4.43% | 3.44% |
| AVGOBroadcom Inc | 1.83% | 3.16% | 1.33% |
| GOOGAlphabet, Inc., Class C | 1.45% | 3.13% | 1.68% |
| METAMeta Platform Inc | 1.27% | 2.78% | 1.51% |
| TSLATesla Motors Inc | 0.90% | 2.56% | 1.66% |
90.1% of QQQ is already inside KLMT.
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, KLMT or QQQ?
KLMT has an expense ratio of 0.10% while QQQ charges 0.18%. KLMT is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, KLMT or QQQ?
Over the past year KLMT returned +21.33% vs +24.69% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), KLMT annualized +18.65% vs +20.63% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KLMT or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 10.8% for KLMT. Worst drawdown: KLMT -16.9% vs QQQ -22.8%.
Should I hold both KLMT and QQQ?
KLMT and QQQ have a monthly-return correlation of 0.86, 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 KLMT and QQQ?
90.1% of QQQ's money is in holdings KLMT also owns. 90.1% of QQQ's is in holdings KLMT also owns. They hold 80 positions in common, counted across the 499 positions we hold weights for in KLMT and 102 in QQQ.
Which pays a higher dividend, KLMT or QQQ?
KLMT yields 1.77% while QQQ yields 0.44%, so KLMT currently pays the higher dividend yield.
Is QQQ better than KLMT?
KLMT has a lower expense ratio. QQQ led over 1Y and the full window. KLMT is less concentrated, with 24.9% 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.