QQQ vs XBIL
Invesco QQQ Trust, Series 1 vs F/m US Treasury 6 Month Bill ETF
Quick Verdict
XBIL has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XBIL | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $496.3B | $749M | |
| Dividend Yield | 0.44% | 4.02% | |
| Holdings | 108 | 2 | |
| YTD Return | +16.64% | +2.25% | |
| 1Y Return | +27.27% | +3.83% | |
| 3Y Return (annualized) | +25.96% | +4.98% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 0.5% | |
| Max Drawdown | -83.0% | -0.1% | |
| Fund Family | Invesco (US) | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Mar 7, 2023 |
QQQ vs XBIL Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and F/m US Treasury 6 Month Bill ETF (XBIL) is a ETF from US Benchmark Series. Over the past year QQQ returned +27.27% while XBIL returned +3.83%. Year to date, QQQ is up 16.64% versus a gain of 2.25% for XBIL.
Over three years, QQQ compounded at +25.96% per year against +4.98% for XBIL. Across the full 4-year window we track, QQQ has the edge at +13.03% annualized vs +4.97%. 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 0.5% for XBIL. 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 -0.1% for XBIL. 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XBIL 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 4.02% for XBIL.
Holdings Overlap
QQQ and XBIL share 0 holdings out of 103 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 XBIL?
QQQ has an expense ratio of 0.18% while XBIL charges 0.15%. XBIL is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or XBIL?
Over the past year QQQ returned +27.27% vs +3.83% for XBIL, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.03% vs +4.97% for XBIL. Past performance does not guarantee future results.
Which is riskier, QQQ or XBIL?
QQQ has been the more volatile fund at 30.6% annualized versus 0.5% for XBIL. Worst drawdown: QQQ -83.0% vs XBIL -0.1%.
Should I hold both QQQ and XBIL?
QQQ and XBIL have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XBIL?
QQQ and XBIL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or XBIL?
QQQ yields 0.44% while XBIL yields 4.02%, so XBIL currently pays the higher dividend yield.
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