QQQ vs TIPX
Invesco QQQ Trust, Series 1 vs State Street SPDR Bloomberg 1-10 Year TIPS ETF
Quick Verdict
TIPX has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | TIPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $455.8B | $2.0B | |
| Dividend Yield | 0.41% | 4.56% | |
| Holdings | 108 | 34 | |
| YTD Return | +17.46% | +0.52% | |
| 1Y Return | +26.02% | +1.60% | |
| 3Y Return (annualized) | +25.51% | +4.60% | |
| 5Y Return (annualized) | +15.12% | +1.65% | |
| Volatility (annualized) | 30.6% | 3.9% | |
| Max Drawdown | -83.0% | -10.1% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | May 29, 2013 |
QQQ vs TIPX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is a ETF from State Street Investment Management. Over the past year QQQ returned +26.02% while TIPX returned +1.60%. Year to date, QQQ is up 17.46% versus a gain of 0.52% for TIPX.
Over three years, QQQ compounded at +25.51% per year against +4.60% for TIPX; over five years the annualized figures are +15.12% and +1.65% respectively. Across the full 13-year window we track, QQQ has the edge at +13.08% annualized vs +1.27%. 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 3.9% for TIPX. 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 -10.1% for TIPX. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TIPX 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 4.56% for TIPX.
Holdings Overlap
QQQ and TIPX share 0 holdings out of 132 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 TIPX?
QQQ has an expense ratio of 0.18% while TIPX charges 0.15%. TIPX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or TIPX?
Over the past year QQQ returned +26.02% vs +1.60% for TIPX, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), QQQ annualized +13.08% vs +1.27% for TIPX. Past performance does not guarantee future results.
Which is riskier, QQQ or TIPX?
QQQ has been the more volatile fund at 30.6% annualized versus 3.9% for TIPX. Worst drawdown: QQQ -83.0% vs TIPX -10.1%.
Should I hold both QQQ and TIPX?
QQQ and TIPX have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TIPX?
QQQ and TIPX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, QQQ or TIPX?
QQQ yields 0.41% while TIPX yields 4.56%, so TIPX currently pays the higher dividend yield.
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