QQQ vs TLTE
Invesco QQQ Trust, Series 1 vs Northern Trust Morningstar Emerging Markets Factor Tilt ETF
Which is better, QQQ or TLTE?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TLTE over 1Y.
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 | TLTE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.57% |
| AUM | $483.5B | $358M |
| Dividend Yield | 0.44% | 3.21% |
| Holdings | 107 | 3,106 |
| YTD Return | +15.86% | +19.30%Best |
| 1Y Return | +22.63% | +29.13%Best |
| 3Y Return (annualized) | +24.15%Best | +20.24% |
| 5Y Return (annualized) | +14.16%Best | +8.21% |
| Volatility (annualized) | 17.6% | 16.6%Best |
| Max Drawdown | -35.1%Best | -47.6% |
| $10,000 over 5 years | $19,390Best | $14,837 |
| Fund Family | Invesco (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 25, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2012 to Sep 10, 2026 (13.9 years).
QQQ vs TLTE 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 TLTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE) is an ETF from Northern Trust Asset Management. Over the past year QQQ returned +22.63% while TLTE returned +29.13%. Year to date, QQQ is up 15.86% versus a gain of 19.30% for TLTE.
Over three years, QQQ compounded at +24.15% per year against +20.24% for TLTE; over five years the annualized figures are +14.16% and +8.21% respectively. Across the full 14-year window we track, QQQ has the edge at +18.50% annualized vs +4.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.6% for TLTE. 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 -35.1% for QQQ and -47.6% for TLTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLTE charges 0.57%. On a $10,000 position that is $18 vs $57 annually, a gap of $39 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.21% for TLTE.
Holdings Overlap
At least 0.3% of QQQ's money is in holdings TLTE also owns.
Stated as a floor: for TLTE, our book for it covers 94.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 127 days apart, QQQ as of Aug 5, 2026 and TLTE as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 102 positions we hold weights for in QQQ and 2,965 in TLTE, against full books of 107 and 3,106.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TLTE | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc | 0.27% | 0.53% | 0.26% |
You are not choosing between two funds in isolation.
Whichever of QQQ and TLTE 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 TLTE?
QQQ has an expense ratio of 0.18% while TLTE charges 0.57%. QQQ is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, QQQ or TLTE?
Over the past year QQQ returned +22.63% vs +29.13% for TLTE, so TLTE leads on 1-year performance. Over the longest common window we track (14 years), QQQ annualized +18.50% vs +4.55% for TLTE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TLTE?
QQQ has been the more volatile fund at 17.6% annualized versus 16.6% for TLTE. Worst drawdown: QQQ -35.1% vs TLTE -47.6%.
Should I hold both QQQ and TLTE?
QQQ and TLTE have a monthly-return correlation of 0.62, 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 TLTE?
QQQ yields 0.44% while TLTE yields 3.21%, so TLTE currently pays the higher dividend yield.
Is TLTE better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TLTE over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.