QQQ vs TBIL
Invesco QQQ Trust, Series 1 vs F/m US Treasury 3 Month Bill ETF
Which is better, QQQ or TBIL?
Large Cap Growth against Short Term High Quality.
TBIL has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
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 | QQQ | TBIL |
|---|---|---|
| Expense Ratio | 0.18% | 0.15%Best |
| AUM | $483.5B | $7.2B |
| Dividend Yield | 0.44% | 4.00% |
| Holdings | 107 | 10 |
| YTD Return | +17.95%Best | +2.53% |
| 1Y Return | +21.77%Best | +3.72% |
| 3Y Return (annualized) | +25.63%Best | +4.48% |
| 5Y Return (annualized) | +15.24% | - |
| Volatility (annualized) | 18.9% | 0.3%Best |
| Max Drawdown | -22.8% | -0.1%Best |
| $10,000 over 4.1 years | $22,522Best | $11,968 |
| Fund Family | Invesco (US) | US Benchmark Series |
| Category | Equity | Fixed Income |
| Style | Large Cap Growth | Short Term High Quality |
| Inception | Mar 10, 1999 | Aug 8, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 18, 2022 to Sep 18, 2026 (4.1 years).
QQQ vs TBIL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs TBIL Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and F/m US Treasury 3 Month Bill ETF (TBIL) is an ETF from US Benchmark Series. Over the past year QQQ returned +21.77% while TBIL returned +3.72%. Year to date, QQQ is up 17.95% versus a gain of 2.53% for TBIL.
Over three years, QQQ compounded at +25.63% per year against +4.48% for TBIL. Across the full 4-year window we track, QQQ has the edge at +21.90% annualized vs +4.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -22.8% for QQQ and -0.1% for TBIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.08. They move largely independently of each other.
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 0.44% against 4.00% for TBIL.
You are not choosing between two funds in isolation.
Whichever of QQQ and TBIL 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, QQQ or TBIL?
QQQ has an expense ratio of 0.18% while TBIL charges 0.15%. TBIL is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, QQQ or TBIL?
Over the past year QQQ returned +21.77% vs +3.72% for TBIL, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +21.90% vs +4.48% for TBIL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TBIL?
QQQ has been the more volatile fund at 18.9% annualized versus 0.3% for TBIL. Worst drawdown: QQQ -22.8% vs TBIL -0.1%.
Should I hold both QQQ and TBIL?
QQQ and TBIL have a monthly-return correlation of 0.08, 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, QQQ or TBIL?
QQQ yields 0.44% while TBIL yields 4.00%, so TBIL currently pays the higher dividend yield.
Is TBIL better than QQQ?
TBIL has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.