QQQ vs TOLL
Invesco QQQ Trust, Series 1 vs Tema Durable Quality 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 | TOLL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.55% | |
| AUM | $496.3B | $59M | |
| Dividend Yield | 0.44% | 0.26% | |
| Holdings | 108 | 37 | |
| YTD Return | +16.64% | +11.61% | |
| 1Y Return | +27.27% | +16.58% | |
| 3Y Return (annualized) | +25.96% | +16.86% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 15.5% | |
| Max Drawdown | -83.0% | -15.5% | |
| Fund Family | Invesco (US) | Tema Global Limited | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | May 11, 2023 |
QQQ vs TOLL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Tema Durable Quality ETF (TOLL) is a ETF from Tema Global Limited. Over the past year QQQ returned +27.27% while TOLL returned +16.58%. Year to date, QQQ is up 16.64% versus a gain of 11.61% for TOLL.
Over three years, QQQ compounded at +25.96% per year against +16.86% for TOLL. Across the full 3-year window we track, TOLL has the edge at +15.02% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.5% for TOLL. 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 -15.5% for TOLL. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOLL charges 0.55%. On a $10,000 position that is $18 vs $55 annually, a gap of $37 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.26% for TOLL.
Holdings Overlap
QQQ and TOLL share 10 holdings out of 127 unique holdings combined, representing a 11.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or TOLL?
QQQ has an expense ratio of 0.18% while TOLL charges 0.55%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, QQQ or TOLL?
Over the past year QQQ returned +27.27% vs +16.58% for TOLL, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +15.02% for TOLL. Past performance does not guarantee future results.
Which is riskier, QQQ or TOLL?
QQQ has been the more volatile fund at 30.6% annualized versus 15.5% for TOLL. Worst drawdown: QQQ -83.0% vs TOLL -15.5%.
Should I hold both QQQ and TOLL?
QQQ and TOLL have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TOLL?
QQQ and TOLL share 10 common holdings with a 11.1% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, QQQ or TOLL?
QQQ yields 0.44% while TOLL yields 0.26%, so QQQ currently pays the higher dividend yield.
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