QQQ vs TLH
Invesco QQQ Trust, Series 1 vs iShares 10-20 Year Treasury Bond ETF
Which is better, QQQ or TLH?
Large Cap Growth against Long Term Government Bond.
TLH has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y 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 | TLH |
|---|---|---|
| Expense Ratio | 0.18% | 0.15%Best |
| AUM | $483.5B | $11.0B |
| Dividend Yield | 0.44% | 4.59% |
| Holdings | 107 | 61 |
| YTD Return | +17.95%Best | -3.40% |
| 1Y Return | +21.77%Best | -3.36% |
| 3Y Return (annualized) | +25.63%Best | +1.84% |
| 5Y Return (annualized) | +15.24%Best | -5.60% |
| Volatility (annualized) | 18.8% | 9.9%Best |
| Max Drawdown | -53.5% | -42.1%Best |
| $10,000 over 5 years | $20,324Best | $7,497 |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Growth | Long Term Government Bond |
| Inception | Mar 10, 1999 | Jan 5, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 11, 2007 to Sep 18, 2026 (19.7 years).
QQQ vs TLH 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 TLH Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and iShares 10-20 Year Treasury Bond ETF (TLH) is an ETF from iShares by BlackRock (US). Over the past year QQQ returned +21.77% while TLH returned -3.36%. Year to date, QQQ is up 17.95% versus a loss of 3.40% for TLH.
Over three years, QQQ compounded at +25.63% per year against +1.84% for TLH; over five years the annualized figures are +15.24% and -5.60% respectively. Across the full 20-year window we track, QQQ has the edge at +15.32% annualized vs +0.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 9.9% for TLH. 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 -53.5% for QQQ and -42.1% for TLH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.01. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLH 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 4.59% for TLH.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 58 in TLH, totalling 99.9% and 91.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 58 in TLH, against full books of 107 and 61.
You are not choosing between two funds in isolation.
Whichever of QQQ and TLH 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 TLH?
QQQ has an expense ratio of 0.18% while TLH charges 0.15%. TLH is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, QQQ or TLH?
Over the past year QQQ returned +21.77% vs -3.36% for TLH, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +15.32% vs +0.70% for TLH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TLH?
QQQ has been the more volatile fund at 18.8% annualized versus 9.9% for TLH. Worst drawdown: QQQ -53.5% vs TLH -42.1%.
Should I hold both QQQ and TLH?
QQQ and TLH have a monthly-return correlation of 0.01, 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 TLH?
QQQ yields 0.44% while TLH yields 4.59%, so TLH currently pays the higher dividend yield.
Is TLH better than QQQ?
TLH has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.