QQQ vs TLTI
Invesco QQQ Trust, Series 1 vs NEOS Enhanced Income 20+ Year Treasury Bond ETF
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 | TLTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.58% | |
| AUM | $496.3B | $17M | |
| Dividend Yield | 0.44% | 6.40% | |
| Holdings | 108 | 8 | |
| YTD Return | +16.64% | -5.90% | |
| 1Y Return | +27.27% | -3.55% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 9.2% | |
| Max Drawdown | -83.0% | -10.6% | |
| Fund Family | Invesco (US) | NEOS | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Dec 12, 2024 |
QQQ vs TLTI Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is a ETF from NEOS. Over the past year QQQ returned +27.27% while TLTI returned -3.55%. Year to date, QQQ is up 16.64% versus a loss of 5.90% for TLTI.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 9.2% for TLTI. 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 -10.6% for TLTI. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLTI charges 0.58%. On a $10,000 position that is $18 vs $58 annually, a gap of $40 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 6.40% for TLTI.
Holdings Overlap
QQQ and TLTI share 0 holdings out of 103 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 TLTI?
QQQ has an expense ratio of 0.18% while TLTI charges 0.58%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, QQQ or TLTI?
Over the past year QQQ returned +27.27% vs -3.55% for TLTI, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs -4.14% for TLTI. Past performance does not guarantee future results.
Which is riskier, QQQ or TLTI?
QQQ has been the more volatile fund at 30.6% annualized versus 9.2% for TLTI. Worst drawdown: QQQ -83.0% vs TLTI -10.6%.
Should I hold both QQQ and TLTI?
QQQ and TLTI have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TLTI?
QQQ and TLTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TLTI?
QQQ yields 0.44% while TLTI yields 6.40%, so TLTI currently pays the higher dividend yield.
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