QQQ vs TEC
Invesco QQQ Trust, Series 1 vs Harbor Transformative Technologies ETF
Which is better, QQQ or TEC?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. TEC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.2%.
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 | TEC |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.69% |
| AUM | $483.5B | $7M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 107 | 45 |
| YTD Return | +17.21% | +18.36%Best |
| 1Y Return | +22.10% | +22.68%Best |
| 3Y Return (annualized) | +25.27% | - |
| 5Y Return (annualized) | +14.60% | - |
| Volatility (annualized) | 19.7%Best | 22.0% |
| Max Drawdown | -12.0%Best | -17.5% |
| $10,000 over 1.4 years | $16,139 | $17,014Best |
| Top 10 Weight | 46.5%Best | 52.2% |
| Fund Family | Invesco (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Apr 16, 2025 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 17, 2025 to Sep 17, 2026 (1.4 years).
QQQ vs TEC 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 1.4 years both funds cover.
QQQ vs TEC Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Harbor Transformative Technologies ETF (TEC) is an ETF from Harbor Funds. Over the past year QQQ returned +22.10% while TEC returned +22.68%. Year to date, QQQ is up 17.21% versus a gain of 18.36% for TEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEC has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 19.7% for QQQ. 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 -12.0% for QQQ and -17.5% for TEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while TEC charges 0.69%. On a $10,000 position that is $18 vs $69 annually, a gap of $51 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TEC.
Holdings Overlap
58.7% of QQQ's money is in holdings TEC also owns. 73.8% of TEC's money is in holdings QQQ also owns.
Most of TEC is already inside QQQ. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 102 positions we hold weights for in QQQ and 44 in TEC, against full books of 107 and 45.
What only one of them owns
Our book lists 14 positions for TEC that do not appear in our book for QQQ (18.0% of the fund), and 71 for QQQ that do not appear in TEC (39.6%).
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 QQQ | Weight in TEC | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.27% | 8.41% | 1.14% |
| NVDANvidia Corp | 8.44% | 6.95% | 1.49% |
| MSFTMicrosoft Corp | 5.76% | 6.20% | 0.44% |
| AMZNAmazon.Com Inc | 4.67% | 5.50% | 0.83% |
| GOOGLAlphabet Inc,class A | 3.36% | 5.85% | 2.49% |
| AVGOBroadcom Inc | 3.16% | 4.88% | 1.72% |
| AMDAdvanced Micro Devices Inc | 3.45% | 4.14% | 0.69% |
| MUMicron Technology, Inc. | 4.43% | 2.80% | 1.63% |
| LRCXLrcx Uw Equity | 1.69% | 3.98% | 2.29% |
| METAMeta Platforms Inc | 2.78% | 2.73% | 0.05% |
73.8% of TEC is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TEC?
QQQ has an expense ratio of 0.18% while TEC charges 0.69%. QQQ is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, QQQ or TEC?
Over the past year QQQ returned +22.10% vs +22.68% for TEC, so TEC leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +40.76% vs +46.17% for TEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TEC?
TEC has been the more volatile fund at 22.0% annualized versus 19.7% for QQQ. Worst drawdown: QQQ -12.0% vs TEC -17.5%.
Should I hold both QQQ and TEC?
QQQ and TEC have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and TEC?
73.8% of TEC's money is in holdings QQQ also owns. 73.8% of TEC's is in holdings QQQ also owns. They hold 26 positions in common, counted across the 102 positions we hold weights for in QQQ and 44 in TEC.
Which pays a higher dividend, QQQ or TEC?
QQQ yields 0.44% while TEC yields 0.00%, so QQQ currently pays the higher dividend yield.
Is TEC better than QQQ?
QQQ has a lower expense ratio. TEC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.