QQQ vs XHLF
Invesco QQQ Trust, Series 1 vs BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
Quick Verdict
XHLF has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XHLF | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $496.3B | $2.0B | |
| Dividend Yield | 0.44% | 3.81% | |
| Holdings | 108 | 28 | |
| YTD Return | +16.30% | +2.17% | |
| 1Y Return | +24.83% | +3.71% | |
| 3Y Return (annualized) | +25.48% | +4.42% | |
| 5Y Return (annualized) | +14.50% | - | |
| Volatility (annualized) | 30.6% | 0.4% | |
| Max Drawdown | -83.0% | -0.3% | |
| Fund Family | Invesco (US) | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Sep 13, 2022 |
QQQ vs XHLF Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is a ETF from BondBloxx. Over the past year QQQ returned +24.83% while XHLF returned +3.71%. Year to date, QQQ is up 16.30% versus a gain of 2.17% for XHLF.
Over three years, QQQ compounded at +25.48% per year against +4.42% for XHLF. Across the full 4-year window we track, QQQ has the edge at +13.01% annualized vs +4.31%. 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 0.4% for XHLF. 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 -0.3% for XHLF. 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 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XHLF charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.81% for XHLF.
Holdings Overlap
QQQ and XHLF 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 XHLF?
QQQ has an expense ratio of 0.18% while XHLF charges 0.03%. XHLF is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, QQQ or XHLF?
Over the past year QQQ returned +24.83% vs +3.71% for XHLF, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.01% vs +4.31% for XHLF. Past performance does not guarantee future results.
Which is riskier, QQQ or XHLF?
QQQ has been the more volatile fund at 30.6% annualized versus 0.4% for XHLF. Worst drawdown: QQQ -83.0% vs XHLF -0.3%.
Should I hold both QQQ and XHLF?
QQQ and XHLF have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XHLF?
QQQ and XHLF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or XHLF?
QQQ yields 0.44% while XHLF yields 3.81%, so XHLF currently pays the higher dividend yield.
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