QQQ vs TLTX
Invesco QQQ Trust, Series 1 vs Global X Treasury Bond Enhanced 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 | TLTX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.29% | |
| AUM | $496.3B | $15M | |
| Dividend Yield | 0.44% | 19.42% | |
| Holdings | 108 | 17 | |
| YTD Return | +16.64% | -12.05% | |
| 1Y Return | +27.27% | -10.27% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 9.3% | |
| Max Drawdown | -83.0% | -17.0% | |
| Fund Family | Invesco (US) | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jul 15, 2025 |
QQQ vs TLTX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Global X Treasury Bond Enhanced Income ETF (TLTX) is a ETF from Global X by mirae Asset. Over the past year QQQ returned +27.27% while TLTX returned -10.27%. Year to date, QQQ is up 16.64% versus a loss of 12.05% for TLTX.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 9.3% for TLTX. 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 -17.0% for TLTX. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLTX charges 0.29%. On a $10,000 position that is $18 vs $29 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 19.42% for TLTX.
Holdings Overlap
QQQ and TLTX 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 TLTX?
QQQ has an expense ratio of 0.18% while TLTX charges 0.29%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QQQ or TLTX?
Over the past year QQQ returned +27.27% vs -10.27% for TLTX, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.03% vs -7.87% for TLTX. Past performance does not guarantee future results.
Which is riskier, QQQ or TLTX?
QQQ has been the more volatile fund at 30.6% annualized versus 9.3% for TLTX. Worst drawdown: QQQ -83.0% vs TLTX -17.0%.
Should I hold both QQQ and TLTX?
QQQ and TLTX have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TLTX?
QQQ and TLTX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or TLTX?
QQQ yields 0.44% while TLTX yields 19.42%, so TLTX currently pays the higher dividend yield.
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