QQQ vs TMET
Invesco QQQ Trust, Series 1 vs iShares Transition-Enabling Metals ETF
Quick Verdict
QQQ has a lower expense ratio. TMET delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TMET | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.48% | |
| AUM | $496.3B | $13M | |
| Dividend Yield | 0.44% | 12.93% | |
| Holdings | 108 | 20 | |
| YTD Return | +16.64% | +12.70% | |
| 1Y Return | +27.27% | +63.60% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 22.4% | |
| Max Drawdown | -83.0% | -22.2% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Commodity | |
| Inception | Mar 10, 1999 | Sep 26, 2023 |
QQQ vs TMET Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares Transition-Enabling Metals ETF (TMET) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +27.27% while TMET returned +63.60%. Year to date, QQQ is up 16.64% versus a gain of 12.70% for TMET.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.4% for TMET. 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 -22.2% for TMET. 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMET charges 0.48%. On a $10,000 position that is $18 vs $48 annually, a gap of $30 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 12.93% for TMET.
Holdings Overlap
QQQ and TMET share 0 holdings out of 104 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 TMET?
QQQ has an expense ratio of 0.18% while TMET charges 0.48%. QQQ is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, QQQ or TMET?
Over the past year QQQ returned +27.27% vs +63.60% for TMET, so TMET leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +40.68% for TMET. Past performance does not guarantee future results.
Which is riskier, QQQ or TMET?
QQQ has been the more volatile fund at 30.6% annualized versus 22.4% for TMET. Worst drawdown: QQQ -83.0% vs TMET -22.2%.
Should I hold both QQQ and TMET?
QQQ and TMET have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TMET?
QQQ and TMET share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or TMET?
QQQ yields 0.44% while TMET yields 12.93%, so TMET currently pays the higher dividend yield.
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