QQQ vs TOAO
Invesco QQQ Trust, Series 1 vs Twin Oak Active Opportunities III ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | TOAO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.95% | |
| AUM | $496.3B | $448M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 49 | |
| YTD Return | +15.47% | +7.52% | |
| 1Y Return | +24.44% | - | |
| 3Y Return (annualized) | +25.47% | - | |
| 5Y Return (annualized) | +14.22% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | -4.2% | |
| Fund Family | Invesco (US) | Twin Oak | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 24, 2026 |
QQQ vs TOAO Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Twin Oak Active Opportunities III ETF (TOAO) is a ETF from Twin Oak. Year to date, QQQ is up 15.47% versus a gain of 7.52% for TOAO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and -4.2% for TOAO. 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 TOAO charges 0.95%. On a $10,000 position that is $18 vs $95 annually, a gap of $77 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TOAO.
Holdings Overlap
QQQ and TOAO share 11 holdings out of 119 unique holdings combined, representing a 29.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or TOAO?
QQQ has an expense ratio of 0.18% while TOAO charges 0.95%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
What is the holdings overlap between QQQ and TOAO?
QQQ and TOAO share 11 common holdings with a 29.6% weight overlap. Combined, they hold 119 unique securities.
Which pays a higher dividend, QQQ or TOAO?
QQQ yields 0.44% while TOAO yields 0.00%, so QQQ currently pays the higher dividend yield.
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