QQQ vs TEKX
Invesco QQQ Trust, Series 1 vs State Street Galaxy Transformative Tech Accelerators ETF
Which is better, QQQ or TEKX?
Large Cap Growth against Mid Cap Growth.
QQQ has a lower expense ratio. TEKX led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.7%.
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 | TEKX |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.65% |
| AUM | $483.5B | $15M |
| Dividend Yield | 0.44% | 0.23% |
| Holdings | 107 | 36 |
| YTD Return | +16.87% | +54.35%Best |
| 1Y Return | +22.98% | +73.90%Best |
| 3Y Return (annualized) | +24.98% | - |
| 5Y Return (annualized) | +14.39% | - |
| Volatility (annualized) | 18.6%Best | 46.8% |
| Max Drawdown | -22.8%Best | -43.8% |
| $10,000 over 2 years | $15,745 | $27,218Best |
| Top 10 Weight | 46.5%Best | 62.7% |
| Fund Family | Invesco (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Growth | Mid Cap Growth |
| Inception | Mar 10, 1999 | Sep 9, 2024 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 10, 2024 to Sep 11, 2026 (2 years).
QQQ vs TEKX 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 2 years both funds cover.
QQQ vs TEKX Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street Galaxy Transformative Tech Accelerators ETF (TEKX) is an ETF from SPDR State Street Global Advisors. Over the past year QQQ returned +22.98% while TEKX returned +73.90%. Year to date, QQQ is up 16.87% versus a gain of 54.35% for TEKX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEKX has been the more volatile fund, with annualized monthly volatility of 46.8% compared with 18.6% 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 -22.8% for QQQ and -43.8% for TEKX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TEKX charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.23% for TEKX.
Holdings Overlap
23.0% of QQQ's money is in holdings TEKX also owns. 20.4% of TEKX's money is in holdings QQQ also owns.
QQQ and TEKX share little of their money.
7 positions in common, counted across the 102 positions we hold weights for in QQQ and 35 in TEKX, against full books of 107 and 36.
What only one of them owns
Our book lists 23 positions for TEKX that do not appear in our book for QQQ (68.7% of the fund), and 88 for QQQ that do not appear in TEKX (74.1%).
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 TEKX | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 5.30% | 3.14% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.65% | 0.11% |
| MUMicron Technology, Inc. | 4.43% | 1.72% | 2.71% |
| CRWDCrowdstrike Holdings Inc. Class A | 0.94% | 3.17% | 2.23% |
| PANWPalo Alto Networks Inc. | 1.30% | 1.75% | 0.45% |
| LRCXLam Research Corp | 1.69% | 0.82% | 0.87% |
| DDOGDatadog Inc. Class A | 0.41% | 2.01% | 1.60% |
23.0% of QQQ is already inside TEKX.
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 TEKX?
QQQ has an expense ratio of 0.18% while TEKX charges 0.65%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, QQQ or TEKX?
Over the past year QQQ returned +22.98% vs +73.90% for TEKX, so TEKX leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +25.48% vs +64.98% for TEKX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TEKX?
TEKX has been the more volatile fund at 46.8% annualized versus 18.6% for QQQ. Worst drawdown: QQQ -22.8% vs TEKX -43.8%.
Should I hold both QQQ and TEKX?
QQQ and TEKX have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and TEKX?
23.0% of QQQ's money is in holdings TEKX also owns. 20.4% of TEKX's is in holdings QQQ also owns. They hold 7 positions in common, counted across the 102 positions we hold weights for in QQQ and 35 in TEKX.
Which pays a higher dividend, QQQ or TEKX?
QQQ yields 0.44% while TEKX yields 0.23%, so QQQ currently pays the higher dividend yield.
Is TEKX better than QQQ?
QQQ has a lower expense ratio. TEKX led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 62.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.