QEMM vs QQQ

QEMM vs QQQ

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.

Lower Fees: QQQHigher Returns: split

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

MetricQEMMQQQ
Expense Ratio0.30%0.18%Best
AUM$54M$437.3B
Dividend Yield4.64%0.43%
Holdings845208
YTD Return+15.45%Best+12.98%
1Y Return+16.75%Best+11.59%
3Y Return (annualized)+17.43%+23.05%Best
5Y Return (annualized)+6.72%+12.74%Best
Volatility (annualized)14.5%Best18.4%
Max Drawdown-40.5%-35.1%Best
$10,000 over 5 years$13,843$18,213Best
Fund FamilyState Street Investment ManagementInvesco (US)
CategoryEquityEquity
StyleLarge Cap BlendLarge Cap Growth
InceptionJun 4, 2014Mar 10, 1999

Not shown on this pair: Top 10 Weight.

Volatility and max drawdown are measured over the window both funds cover: Jun 5, 2014 to Nov 11, 2026 (12.4 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 12.4 years both funds cover.

QEMM vs QQQ Performance

State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QEMM returned +16.75% while QQQ returned +11.59%. Year to date, QEMM is up 15.45% versus a gain of 12.98% for QQQ.

Over three years, QEMM compounded at +17.43% per year against +23.05% for QQQ; over five years the annualized figures are +6.72% and +12.74% respectively. Across the full 12-year window we track, QQQ has the edge at +17.88% annualized vs +3.82%.

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 14.5% 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 0.67. 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 4.64% against 0.43% for QQQ.

Holdings Overlap

QQQ already in QEMM0.2%

At least 0.2% of QQQ's money is in holdings QEMM also owns.

Stated as a floor: for QEMM, our book for it covers 92.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.

We cannot see either book well enough to say how much of this pair is duplicated.

1 positions in common, counted across the 798 positions we hold weights for in QEMM and 101 in QQQ, against full books of 845 and 208.

Top Shared Holdings

StockWeight in QEMMWeight in QQQDifference
PDD:IEPdd Holdings Inc0.71%0.23%0.48%

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.

QEMMQQQ

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 +16.75% vs +11.59% for QQQ, so QEMM leads on 1-year performance. Over the longest common window we track (12 years), QEMM annualized +3.82% vs +17.88% 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 14.5% 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 0.67, 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 4.64% while QQQ yields 0.43%, 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. Which one suits a particular account depends on what it is for. This is information, not a recommendation.