QQQ vs TWOX
Invesco QQQ Trust, Series 1 vs iShares Large Cap Accelerated Outcome 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 | TWOX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.50% | |
| AUM | $496.3B | $23M | |
| Dividend Yield | 0.44% | 0.49% | |
| Holdings | 108 | 6 | |
| YTD Return | +16.23% | +6.11% | |
| 1Y Return | +26.23% | +13.73% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 10.6% | |
| Max Drawdown | -83.0% | -19.4% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jan 15, 2025 |
QQQ vs TWOX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares Large Cap Accelerated Outcome ETF (TWOX) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +26.23% while TWOX returned +13.73%. Year to date, QQQ is up 16.23% versus a gain of 6.11% for TWOX.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.6% for TWOX. 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 -19.4% for TWOX. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TWOX charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.49% for TWOX.
Holdings Overlap
QQQ and TWOX share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or TWOX?
QQQ has an expense ratio of 0.18% while TWOX charges 0.50%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, QQQ or TWOX?
Over the past year QQQ returned +26.23% vs +13.73% for TWOX, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.02% vs +11.77% for TWOX. Past performance does not guarantee future results.
Which is riskier, QQQ or TWOX?
QQQ has been the more volatile fund at 30.6% annualized versus 10.6% for TWOX. Worst drawdown: QQQ -83.0% vs TWOX -19.4%.
Should I hold both QQQ and TWOX?
QQQ and TWOX have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TWOX?
QQQ and TWOX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or TWOX?
QQQ yields 0.44% while TWOX yields 0.49%, so TWOX currently pays the higher dividend yield.
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