NOEQ vs QQQ
Northern Trust US Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
NOEQ has a lower expense ratio. NOEQ offers more diversification with 406 holdings.
Side-by-Side Comparison
| Metric | NOEQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $906M | $496.3B | |
| Dividend Yield | 0.17% | 0.44% | |
| Holdings | 406 | 108 | |
| YTD Return | +17.77% | +16.64% | |
| 1Y Return | - | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.7% | -83.0% | |
| Fund Family | Northern Trust Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 20, 2026 | Mar 10, 1999 |
NOEQ vs QQQ Performance
Northern Trust US Equity ETF (NOEQ) is a ETF from Northern Trust Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, NOEQ is up 17.77% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.7% for NOEQ 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
NOEQ charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, NOEQ currently yields 0.17% against 0.44% for QQQ.
Holdings Overlap
NOEQ and QQQ share 49 holdings out of 459 unique holdings combined, representing a 18.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NOEQ or QQQ?
NOEQ has an expense ratio of 0.12% while QQQ charges 0.18%. NOEQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
What is the holdings overlap between NOEQ and QQQ?
NOEQ and QQQ share 49 common holdings with a 18.4% weight overlap. Combined, they hold 459 unique securities.
Which pays a higher dividend, NOEQ or QQQ?
NOEQ yields 0.17% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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