MKOR vs QQQ
Matthews Korea Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. MKOR delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MKOR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $137M | $496.3B | |
| Dividend Yield | 1.81% | 0.44% | |
| Holdings | 47 | 108 | |
| YTD Return | +67.98% | +16.23% | |
| 1Y Return | +129.66% | +26.23% | |
| 3Y Return (annualized) | +39.17% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 36.8% | 30.6% | |
| Max Drawdown | -29.4% | -83.0% | |
| Fund Family | Matthews Asia Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 29, 2010 | Mar 10, 1999 |
MKOR vs QQQ Performance
Matthews Korea Active ETF (MKOR) is a ETF from Matthews Asia Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MKOR returned +129.66% while QQQ returned +26.23%. Year to date, MKOR is up 67.98% versus a gain of 16.23% for QQQ.
Over three years, MKOR compounded at +39.17% per year against +25.75% for QQQ. Across the full 3-year window we track, MKOR has the edge at +33.84% annualized vs +13.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MKOR has been the more volatile fund, with annualized monthly volatility of 36.8% compared with 30.6% for QQQ. 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 -29.4% for MKOR 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MKOR charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, MKOR currently yields 1.81% against 0.44% for QQQ.
Holdings Overlap
MKOR and QQQ share 0 holdings out of 153 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, MKOR or QQQ?
MKOR has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, MKOR or QQQ?
Over the past year MKOR returned +129.66% vs +26.23% for QQQ, so MKOR leads on 1-year performance. Over the longest common window we track (3 years), MKOR annualized +33.84% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, MKOR or QQQ?
MKOR has been the more volatile fund at 36.8% annualized versus 30.6% for QQQ. Worst drawdown: MKOR -29.4% vs QQQ -83.0%.
Should I hold both MKOR and QQQ?
MKOR and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MKOR and QQQ?
MKOR and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 153 unique securities.
Which pays a higher dividend, MKOR or QQQ?
MKOR yields 1.81% while QQQ yields 0.44%, so MKOR currently pays the higher dividend yield.
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