QQQ vs TOLL
Invesco QQQ Trust, Series 1 vs Tema Durable Quality ETF
Which is better, QQQ or TOLL?
Each has led over a different period.
QQQ has a lower expense ratio. QQQ led over 3Y and the full window, TOLL over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | TOLL |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.55% |
| AUM | $437.3B | $40M |
| Dividend Yield | 0.43% | 0.25% |
| Holdings | 208 | 75 |
| YTD Return | +12.98% | +15.91%Best |
| 1Y Return | +11.59% | +17.70%Best |
| 3Y Return (annualized) | +23.05%Best | +18.02% |
| 5Y Return (annualized) | +12.74% | - |
| Volatility (annualized) | 17.4% | 15.1%Best |
| Max Drawdown | -22.8% | -15.5%Best |
| $10,000 over 3.5 years | $21,563Best | $16,424 |
| Fund Family | Invesco (US) | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | May 11, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: May 11, 2023 to Nov 11, 2026 (3.5 years).
QQQ vs TOLL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
QQQ vs TOLL Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Tema Durable Quality ETF (TOLL) is an ETF from Tema Global Limited. Over the past year QQQ returned +11.59% while TOLL returned +17.70%. Year to date, QQQ is up 12.98% versus a gain of 15.91% for TOLL.
Over three years, QQQ compounded at +23.05% per year against +18.02% for TOLL. Across the full 4-year window we track, QQQ has the edge at +24.55% annualized vs +15.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.1% 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 -22.8% for QQQ and -15.5% for TOLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.43% against 0.25% for TOLL.
Holdings Overlap
At least 13.1% of QQQ's money is in holdings TOLL also owns.
Stated as a floor: for TOLL, our book for it covers 85.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and TOLL share little of their money.
11 positions in common, counted across the 101 positions we hold weights for in QQQ and 36 in TOLL, against full books of 208 and 75.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TOLL | Difference |
|---|---|---|---|
| LRCXLam Research Corp | 1.47% | 4.69% | 3.22% |
| AVGOBroadcom Inc | 2.52% | 3.09% | 0.57% |
| AMDAdvanced Micro Devices Inc | 3.90% | 1.11% | 2.79% |
| KLACKla Corp. | 0.97% | 3.87% | 2.90% |
| FTNTFortinet Inc | 0.57% | 4.08% | 3.51% |
| AMATApplied Material | 1.45% | 2.63% | 1.18% |
| GILDGilead Sciences | 0.83% | 2.21% | 1.38% |
| SNPSSynopsys | 0.38% | 2.45% | 2.07% |
| VRTXVertex Pharmaceuticals Inc | 0.55% | 1.66% | 1.11% |
| FER:ASFerrovial Se | 0.15% | 2.01% | 1.86% |
You are not choosing between two funds in isolation.
Whichever of QQQ and TOLL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $37 a year on a $10,000 investment.
Which performed better, QQQ or TOLL?
Over the past year QQQ returned +11.59% vs +17.70% for TOLL, so TOLL leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +24.55% vs +15.23% for TOLL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TOLL?
QQQ has been the more volatile fund at 17.4% annualized versus 15.1% for TOLL. Worst drawdown: QQQ -22.8% vs TOLL -15.5%.
Should I hold both QQQ and TOLL?
QQQ and TOLL have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and TOLL?
At least 13.1% of QQQ's money is in holdings TOLL also owns. Our book for TOLL is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 101 positions we hold weights for in QQQ and 36 in TOLL.
Which pays a higher dividend, QQQ or TOLL?
QQQ yields 0.43% while TOLL yields 0.25%, so QQQ currently pays the higher dividend yield.
Is TOLL better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y and the full window, TOLL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.