QEMM vs QQQ
State Street SPDR MSCI Emerging Markets StrategicFactors ETF vs Invesco QQQ Trust, Series 1
Which is better, QEMM or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QEMM led over 1Y, QQQ over 3Y, 5Y and the full window. QEMM is less concentrated, with 20.4% 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 | QEMM | QQQ |
|---|---|---|
| Expense Ratio | 0.30% | 0.18%Best |
| AUM | $62M | $483.5B |
| Dividend Yield | 4.30% | 0.44% |
| Holdings | 870 | 107 |
| YTD Return | +23.52%Best | +21.71% |
| 1Y Return | +31.33%Best | +25.89% |
| 3Y Return (annualized) | +20.64% | +28.80%Best |
| 5Y Return (annualized) | +8.44% | +15.67%Best |
| Volatility (annualized) | 14.4%Best | 18.4% |
| Max Drawdown | -40.5% | -35.1%Best |
| $10,000 over 5 years | $14,995 | $20,706Best |
| Top 10 Weight | 20.4%Best | 46.5% |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 4, 2014 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 5, 2014 to Sep 25, 2026 (12.3 years).
QEMM 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 12.3 years both funds cover.
QEMM vs QQQ Performance
State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QEMM returned +31.33% while QQQ returned +25.89%. Year to date, QEMM is up 23.52% versus a gain of 21.71% for QQQ.
Over three years, QEMM compounded at +20.64% per year against +28.80% for QQQ; over five years the annualized figures are +8.44% and +15.67% respectively. Across the full 12-year window we track, QQQ has the edge at +18.80% annualized vs +4.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.4% for QEMM. 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 -40.5% for QEMM and -35.1% 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QEMM charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, QEMM currently yields 4.30% against 0.44% for QQQ.
Holdings Overlap
0.8% of QEMM's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings QEMM also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 805 positions we hold weights for in QEMM and 102 in QQQ, against full books of 870 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for QEMM (97.5% of the fund), and 27 for QEMM that do not appear in QQQ (2.9%).
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 QEMM | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc. | 0.84% | 0.27% | 0.57% |
You are not choosing between two funds in isolation.
Whichever of QEMM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QEMM or QQQ?
QEMM has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QEMM or QQQ?
Over the past year QEMM returned +31.33% vs +25.89% for QQQ, so QEMM leads on 1-year performance. Over the longest common window we track (12 years), QEMM annualized +4.43% vs +18.80% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QEMM or QQQ?
QQQ has been the more volatile fund at 18.4% annualized versus 14.4% for QEMM. Worst drawdown: QEMM -40.5% vs QQQ -35.1%.
Should I hold both QEMM and QQQ?
QEMM and QQQ have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QEMM or QQQ?
QEMM yields 4.30% while QQQ yields 0.44%, so QEMM currently pays the higher dividend yield.
Is QQQ better than QEMM?
QQQ has a lower expense ratio. QEMM led over 1Y, QQQ over 3Y, 5Y and the full window. QEMM is less concentrated, with 20.4% 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.