QQQ vs UTRE
Invesco QQQ Trust, Series 1 vs F/m US Treasury 3 Year Note ETF
Quick Verdict
UTRE has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | UTRE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $496.3B | $11M | |
| Dividend Yield | 0.44% | 3.84% | |
| Holdings | 108 | 2 | |
| YTD Return | +16.64% | +0.32% | |
| 1Y Return | +27.27% | +2.07% | |
| 3Y Return (annualized) | +25.96% | +4.45% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 2.5% | |
| Max Drawdown | -83.0% | -2.8% | |
| Fund Family | Invesco (US) | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Mar 28, 2023 |
QQQ vs UTRE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and F/m US Treasury 3 Year Note ETF (UTRE) is a ETF from US Benchmark Series. Over the past year QQQ returned +27.27% while UTRE returned +2.07%. Year to date, QQQ is up 16.64% versus a gain of 0.32% for UTRE.
Over three years, QQQ compounded at +25.96% per year against +4.45% for UTRE. Across the full 3-year window we track, QQQ has the edge at +13.03% annualized vs +3.55%. 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 2.5% for UTRE. 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 -2.8% for UTRE. 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while UTRE charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.84% for UTRE.
Frequently Asked Questions
Which is cheaper, QQQ or UTRE?
QQQ has an expense ratio of 0.18% while UTRE charges 0.15%. UTRE is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or UTRE?
Over the past year QQQ returned +27.27% vs +2.07% for UTRE, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +3.55% for UTRE. Past performance does not guarantee future results.
Which is riskier, QQQ or UTRE?
QQQ has been the more volatile fund at 30.6% annualized versus 2.5% for UTRE. Worst drawdown: QQQ -83.0% vs UTRE -2.8%.
Should I hold both QQQ and UTRE?
QQQ and UTRE have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QQQ or UTRE?
QQQ yields 0.44% while UTRE yields 3.84%, so UTRE currently pays the higher dividend yield.
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