QQQ vs TLTP
Invesco QQQ Trust, Series 1 vs Amplify TLT US Treasury 12% Option Income 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 | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $496.3B | $25M | |
| Dividend Yield | 0.44% | 15.05% | |
| Holdings | 108 | 5 | |
| YTD Return | +16.64% | -8.91% | |
| 1Y Return | +27.27% | -6.89% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 8.7% | |
| Max Drawdown | -83.0% | -13.3% | |
| Fund Family | Invesco (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Oct 29, 2024 |
QQQ vs TLTP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year QQQ returned +27.27% while TLTP returned -6.89%. Year to date, QQQ is up 16.64% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLTP charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 15.05% for TLTP.
Holdings Overlap
QQQ and TLTP share 0 holdings out of 105 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 TLTP?
QQQ has an expense ratio of 0.18% while TLTP charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or TLTP?
Over the past year QQQ returned +27.27% vs -6.89% for TLTP, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, QQQ or TLTP?
QQQ has been the more volatile fund at 30.6% annualized versus 8.7% for TLTP. Worst drawdown: QQQ -83.0% vs TLTP -13.3%.
Should I hold both QQQ and TLTP?
QQQ and TLTP have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TLTP?
QQQ and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or TLTP?
QQQ yields 0.44% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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