QQQ vs TOGA
Invesco QQQ Trust, Series 1 vs Tremblant Global 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 | TOGA | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.69% | |
| AUM | $496.3B | $184M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 29 | |
| YTD Return | +16.64% | -7.93% | |
| 1Y Return | +27.27% | -7.55% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 17.8% | |
| Max Drawdown | -83.0% | -28.5% | |
| Fund Family | Invesco (US) | Tremblant Advisors LP | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Aug 1, 2022 |
QQQ vs TOGA Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Tremblant Global ETF (TOGA) is a ETF from Tremblant Advisors LP. Over the past year QQQ returned +27.27% while TOGA returned -7.55%. Year to date, QQQ is up 16.64% versus a loss of 7.93% for TOGA.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.8% for TOGA. 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 -28.5% for TOGA. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOGA charges 0.69%. On a $10,000 position that is $18 vs $69 annually, a gap of $51 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for TOGA.
Holdings Overlap
QQQ and TOGA share 4 holdings out of 128 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or TOGA?
QQQ has an expense ratio of 0.18% while TOGA charges 0.69%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, QQQ or TOGA?
Over the past year QQQ returned +27.27% vs -7.55% for TOGA, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +9.43% for TOGA. Past performance does not guarantee future results.
Which is riskier, QQQ or TOGA?
QQQ has been the more volatile fund at 30.6% annualized versus 17.8% for TOGA. Worst drawdown: QQQ -83.0% vs TOGA -28.5%.
Should I hold both QQQ and TOGA?
QQQ and TOGA have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TOGA?
QQQ and TOGA share 4 common holdings with a 4.6% weight overlap. Combined, they hold 128 unique securities.
Which pays a higher dividend, QQQ or TOGA?
QQQ yields 0.44% while TOGA yields 0.00%, so QQQ currently pays the higher dividend yield.
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