QQQ vs TTEQ
Invesco QQQ Trust, Series 1 vs T. Rowe Price Technology ETF
Which is better, QQQ or TTEQ?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. TTEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 47.7%.
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 | TTEQ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.63% |
| AUM | $498.6B | $480M |
| Dividend Yield | 0.42% | 0.00% |
| Holdings | 321 | 85 |
| YTD Return | +22.67% | +38.77%Best |
| 1Y Return | +24.33% | +38.73%Best |
| 3Y Return (annualized) | +29.05% | - |
| 5Y Return (annualized) | +17.00% | - |
| Volatility (annualized) | 18.4%Best | 27.3% |
| Max Drawdown | -22.8%Best | -27.0% |
| $10,000 over 1.9 years | $15,250 | $17,901Best |
| Top 10 Weight | 47.2%Best | 47.7% |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Oct 23, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 24, 2024 to Oct 2, 2026 (1.9 years).
QQQ vs TTEQ 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 1.9 years both funds cover.
QQQ vs TTEQ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Technology ETF (TTEQ) is an ETF from T.Rowe Price. Over the past year QQQ returned +24.33% while TTEQ returned +38.73%. Year to date, QQQ is up 22.67% versus a gain of 38.77% for TTEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TTEQ has been the more volatile fund, with annualized monthly volatility of 27.3% compared with 18.4% for QQQ. 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 -27.0% for TTEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while TTEQ charges 0.63%. On a $10,000 position that is $18 vs $63 annually, a gap of $45 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.00% for TTEQ.
Holdings Overlap
62.0% of QQQ's money is in holdings TTEQ also owns. 55.8% of TTEQ's money is in holdings QQQ also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 102 positions we hold weights for in QQQ and 74 in TTEQ, against full books of 321 and 85.
What only one of them owns
Our book lists 26 positions for TTEQ that do not appear in our book for QQQ (20.7% of the fund), and 71 for QQQ that do not appear in TTEQ (36.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TTEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 10.88% | 2.43% |
| AMDAdvanced Micro Devices Inc | 3.71% | 6.99% | 3.28% |
| AAPLApple, Inc | 7.80% | 2.01% | 5.79% |
| MUMicron Technology, Inc. | 4.85% | 3.24% | 1.61% |
| AVGOBroadcom Inc | 2.74% | 5.31% | 2.57% |
| AMZNAmazon.Com Inc | 4.41% | 3.24% | 1.17% |
| MSFTMicrosoft Corp | 5.88% | 1.22% | 4.66% |
| INTCIntel Corporation | 2.28% | 4.82% | 2.54% |
| METAMeta Platforms Inc | 3.07% | 2.56% | 0.51% |
| GOOGLAlphabet Inc,class A | 3.15% | 1.26% | 1.89% |
62.0% of QQQ is already inside TTEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TTEQ?
QQQ has an expense ratio of 0.18% while TTEQ charges 0.63%. QQQ is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, QQQ or TTEQ?
Over the past year QQQ returned +24.33% vs +38.73% for TTEQ, so TTEQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +24.87% vs +35.86% for TTEQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TTEQ?
TTEQ has been the more volatile fund at 27.3% annualized versus 18.4% for QQQ. Worst drawdown: QQQ -22.8% vs TTEQ -27.0%.
Should I hold both QQQ and TTEQ?
QQQ and TTEQ have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and TTEQ?
62.0% of QQQ's money is in holdings TTEQ also owns. 55.8% of TTEQ's is in holdings QQQ also owns. They hold 26 positions in common, counted across the 102 positions we hold weights for in QQQ and 74 in TTEQ.
Which pays a higher dividend, QQQ or TTEQ?
QQQ yields 0.42% while TTEQ yields 0.00%, so QQQ currently pays the higher dividend yield.
Is TTEQ better than QQQ?
QQQ has a lower expense ratio. TTEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 47.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.