QQQ vs TMLP
Invesco QQQ Trust, Series 1 vs Tortoise MLP ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | TMLP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.50% | |
| AUM | $455.8B | $43M | |
| Dividend Yield | 0.41% | 3.92% | |
| Holdings | 108 | 25 | |
| YTD Return | +18.20% | +20.35% | |
| 1Y Return | +27.63% | - | |
| 3Y Return (annualized) | +25.54% | - | |
| 5Y Return (annualized) | +15.12% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -8.6% | |
| Fund Family | Invesco (US) | Tortoise Capital | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Dec 23, 2025 |
QQQ vs TMLP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Tortoise MLP ETF (TMLP) is a ETF from Tortoise Capital. Year to date, QQQ is up 18.20% versus a gain of 20.35% for TMLP.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -8.6% for TMLP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMLP charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 3.92% for TMLP.
Holdings Overlap
QQQ and TMLP share 0 holdings out of 125 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 TMLP?
QQQ has an expense ratio of 0.18% while TMLP charges 0.50%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
What is the holdings overlap between QQQ and TMLP?
QQQ and TMLP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, QQQ or TMLP?
QQQ yields 0.41% while TMLP yields 3.92%, so TMLP currently pays the higher dividend yield.
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