QQQ vs XONE
Invesco QQQ Trust, Series 1 vs BondBloxx Bloomberg One Year Target Duration US Treasury ETF
Quick Verdict
XONE has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XONE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $496.3B | $847M | |
| Dividend Yield | 0.44% | 4.01% | |
| Holdings | 108 | 55 | |
| YTD Return | +16.23% | +1.87% | |
| 1Y Return | +26.23% | +3.61% | |
| 3Y Return (annualized) | +25.75% | +4.53% | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 0.8% | |
| Max Drawdown | -83.0% | -0.4% | |
| Fund Family | Invesco (US) | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Sep 13, 2022 |
QQQ vs XONE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is a ETF from BondBloxx. Over the past year QQQ returned +26.23% while XONE returned +3.61%. Year to date, QQQ is up 16.23% versus a gain of 1.87% for XONE.
Over three years, QQQ compounded at +25.75% per year against +4.53% for XONE. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +4.20%. 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 0.8% for XONE. 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 -0.4% for XONE. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XONE 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 4.01% for XONE.
Holdings Overlap
QQQ and XONE share 0 holdings out of 150 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 XONE?
QQQ has an expense ratio of 0.18% while XONE charges 0.03%. XONE is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, QQQ or XONE?
Over the past year QQQ returned +26.23% vs +3.61% for XONE, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.02% vs +4.20% for XONE. Past performance does not guarantee future results.
Which is riskier, QQQ or XONE?
QQQ has been the more volatile fund at 30.6% annualized versus 0.8% for XONE. Worst drawdown: QQQ -83.0% vs XONE -0.4%.
Should I hold both QQQ and XONE?
QQQ and XONE have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XONE?
QQQ and XONE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, QQQ or XONE?
QQQ yields 0.44% while XONE yields 4.01%, so XONE currently pays the higher dividend yield.
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