QQQ vs TLH
Invesco QQQ Trust, Series 1 vs iShares 10-20 Year Treasury Bond ETF
Quick Verdict
TLH has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TLH | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $496.3B | $11.0B | |
| Dividend Yield | 0.44% | 4.59% | |
| Holdings | 108 | 61 | |
| YTD Return | +16.64% | -2.22% | |
| 1Y Return | +27.27% | +0.83% | |
| 3Y Return (annualized) | +25.96% | +2.27% | |
| 5Y Return (annualized) | +14.54% | -5.38% | |
| Volatility (annualized) | 30.6% | 9.9% | |
| Max Drawdown | -83.0% | -42.1% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Jan 5, 2007 |
QQQ vs TLH Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares 10-20 Year Treasury Bond ETF (TLH) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +27.27% while TLH returned +0.83%. Year to date, QQQ is up 16.64% versus a loss of 2.22% for TLH.
Over three years, QQQ compounded at +25.96% per year against +2.27% for TLH; over five years the annualized figures are +14.54% and -5.38% respectively. Across the full 20-year window we track, QQQ has the edge at +13.03% annualized vs +0.77%. 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 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 -83.0% for QQQ and -42.1% for TLH. 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
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
QQQ and TLH share 0 holdings out of 159 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 TLH?
QQQ has an expense ratio of 0.18% while TLH charges 0.15%. TLH is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or TLH?
Over the past year QQQ returned +27.27% vs +0.83% for TLH, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), QQQ annualized +13.03% vs +0.77% for TLH. Past performance does not guarantee future results.
Which is riskier, QQQ or TLH?
QQQ has been the more volatile fund at 30.6% annualized versus 9.9% for TLH. Worst drawdown: QQQ -83.0% vs TLH -42.1%.
Should I hold both QQQ and TLH?
QQQ and TLH have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TLH?
QQQ and TLH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 159 unique securities.
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.
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