LTPZ vs QQQ
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund 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 | LTPZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $780M | $496.3B | |
| Dividend Yield | 6.33% | 0.44% | |
| Holdings | 17 | 108 | |
| YTD Return | -3.10% | +16.64% | |
| 1Y Return | -0.83% | +27.27% | |
| 3Y Return (annualized) | +0.01% | +25.96% | |
| 5Y Return (annualized) | -7.18% | +14.54% | |
| Volatility (annualized) | 11.8% | 30.6% | |
| Max Drawdown | -41.0% | -83.0% | |
| Fund Family | PIMCO (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 3, 2009 | Mar 10, 1999 |
LTPZ vs QQQ Performance
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is a ETF from PIMCO (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LTPZ returned -0.83% while QQQ returned +27.27%. Year to date, LTPZ is down 3.10% versus a gain of 16.64% for QQQ.
Over three years, LTPZ compounded at +0.01% per year against +25.96% for QQQ; over five years the annualized figures are -7.18% and +14.54% respectively. Across the full 17-year window we track, QQQ has the edge at +13.03% annualized vs +1.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.8% for LTPZ. 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 -41.0% for LTPZ 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LTPZ charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, LTPZ currently yields 6.33% against 0.44% for QQQ.
Holdings Overlap
LTPZ and QQQ share 0 holdings out of 116 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, LTPZ or QQQ?
LTPZ has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, LTPZ or QQQ?
Over the past year LTPZ returned -0.83% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (17 years), LTPZ annualized +1.32% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LTPZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.8% for LTPZ. Worst drawdown: LTPZ -41.0% vs QQQ -83.0%.
Should I hold both LTPZ and QQQ?
LTPZ and QQQ have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LTPZ and QQQ?
LTPZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, LTPZ or QQQ?
LTPZ yields 6.33% while QQQ yields 0.44%, so LTPZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.