QQQ vs TBIL
Invesco QQQ Trust, Series 1 vs F/m US Treasury 3 Month Bill ETF
Quick Verdict
TBIL has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | TBIL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $455.8B | $7.2B | |
| Dividend Yield | 0.41% | 4.12% | |
| Holdings | 108 | 4 | |
| YTD Return | +19.68% | +2.19% | |
| 1Y Return | +26.75% | +3.82% | |
| 3Y Return (annualized) | +26.25% | +4.55% | |
| 5Y Return (annualized) | +15.39% | - | |
| Volatility (annualized) | 30.6% | 0.3% | |
| Max Drawdown | -83.0% | -0.1% | |
| Fund Family | Invesco (US) | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Aug 8, 2022 |
QQQ vs TBIL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and F/m US Treasury 3 Month Bill ETF (TBIL) is a ETF from US Benchmark Series. Over the past year QQQ returned +26.75% while TBIL returned +3.82%. Year to date, QQQ is up 19.68% versus a gain of 2.19% for TBIL.
Over three years, QQQ compounded at +26.25% per year against +4.55% for TBIL. Across the full 4-year window we track, QQQ has the edge at +13.15% annualized vs +4.50%. 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 0.3% for TBIL. 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 -83.0% for QQQ and -0.1% for TBIL. 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 0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TBIL charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 4.12% for TBIL.
Holdings Overlap
QQQ and TBIL share 0 holdings out of 104 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, QQQ or TBIL?
QQQ has an expense ratio of 0.18% while TBIL charges 0.15%. TBIL is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or TBIL?
Over the past year QQQ returned +26.75% vs +3.82% for TBIL, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.15% vs +4.50% for TBIL. Past performance does not guarantee future results.
Which is riskier, QQQ or TBIL?
QQQ has been the more volatile fund at 30.6% annualized versus 0.3% for TBIL. Worst drawdown: QQQ -83.0% vs TBIL -0.1%.
Should I hold both QQQ and TBIL?
QQQ and TBIL have a monthly-return correlation of 0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TBIL?
QQQ and TBIL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or TBIL?
QQQ yields 0.41% while TBIL yields 4.12%, so TBIL currently pays the higher dividend yield.
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