LTAX vs QQQ
Nomura Tax-Free USA ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LTAX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 2.02% | 0.44% | |
| Holdings | 85 | 108 | |
| YTD Return | +0.68% | +16.23% | |
| 1Y Return | - | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.2% | -83.0% | |
| Fund Family | Nomura Asset Management Co Ltd | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jan 12, 2026 | Mar 10, 1999 |
LTAX vs QQQ Performance
Nomura Tax-Free USA ETF (LTAX) is a ETF from Nomura Asset Management Co Ltd and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, LTAX is up 0.68% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.2% for LTAX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
LTAX charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, LTAX currently yields 2.02% against 0.44% for QQQ.
Holdings Overlap
LTAX and QQQ share 0 holdings out of 140 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LTAX or QQQ?
LTAX has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
What is the holdings overlap between LTAX and QQQ?
LTAX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, LTAX or QQQ?
LTAX yields 2.02% while QQQ yields 0.44%, so LTAX currently pays the higher dividend yield.
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