QQQ vs TFJL
Invesco QQQ Trust, Series 1 vs Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TFJL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $496.3B | $4M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 5 | |
| YTD Return | +16.64% | -5.11% | |
| 1Y Return | +27.27% | -4.83% | |
| 3Y Return (annualized) | +25.96% | -1.16% | |
| 5Y Return (annualized) | +14.54% | -4.63% | |
| Volatility (annualized) | 30.6% | 8.4% | |
| Max Drawdown | -83.0% | -25.4% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Aug 17, 2020 |
QQQ vs TFJL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +27.27% while TFJL returned -4.83%. Year to date, QQQ is up 16.64% versus a loss of 5.11% for TFJL.
Over three years, QQQ compounded at +25.96% per year against -1.16% for TFJL; over five years the annualized figures are +14.54% and -4.63% respectively. Across the full 6-year window we track, QQQ has the edge at +13.03% annualized vs -4.67%. 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 8.4% for TFJL. 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 -25.4% for TFJL. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TFJL charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TFJL.
Frequently Asked Questions
Which is cheaper, QQQ or TFJL?
QQQ has an expense ratio of 0.18% while TFJL charges 0.79%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, QQQ or TFJL?
Over the past year QQQ returned +27.27% vs -4.83% for TFJL, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.03% vs -4.67% for TFJL. Past performance does not guarantee future results.
Which is riskier, QQQ or TFJL?
QQQ has been the more volatile fund at 30.6% annualized versus 8.4% for TFJL. Worst drawdown: QQQ -83.0% vs TFJL -25.4%.
Should I hold both QQQ and TFJL?
QQQ and TFJL have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or TFJL?
QQQ yields 0.44% while TFJL yields 0.00%, so QQQ currently pays the higher dividend yield.
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