QQQ vs XTEN
Invesco QQQ Trust, Series 1 vs BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
Quick Verdict
XTEN has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XTEN | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.08% | |
| AUM | $496.3B | $1.0B | |
| Dividend Yield | 0.44% | 4.42% | |
| Holdings | 108 | 72 | |
| YTD Return | +16.23% | -1.39% | |
| 1Y Return | +26.23% | +1.02% | |
| 3Y Return (annualized) | +25.75% | +3.16% | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 9.1% | |
| Max Drawdown | -83.0% | -13.9% | |
| Fund Family | Invesco (US) | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Sep 13, 2022 |
QQQ vs XTEN Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) is a ETF from BondBloxx. Over the past year QQQ returned +26.23% while XTEN returned +1.02%. Year to date, QQQ is up 16.23% versus a loss of 1.39% for XTEN.
Over three years, QQQ compounded at +25.75% per year against +3.16% for XTEN. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +1.05%. 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 9.1% for XTEN. 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 -13.9% for XTEN. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XTEN charges 0.08%. On a $10,000 position that is $18 vs $8 annually, a gap of $10 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 4.42% for XTEN.
Holdings Overlap
QQQ and XTEN share 0 holdings out of 166 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 XTEN?
QQQ has an expense ratio of 0.18% while XTEN charges 0.08%. XTEN is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, QQQ or XTEN?
Over the past year QQQ returned +26.23% vs +1.02% for XTEN, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.02% vs +1.05% for XTEN. Past performance does not guarantee future results.
Which is riskier, QQQ or XTEN?
QQQ has been the more volatile fund at 30.6% annualized versus 9.1% for XTEN. Worst drawdown: QQQ -83.0% vs XTEN -13.9%.
Should I hold both QQQ and XTEN?
QQQ and XTEN have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XTEN?
QQQ and XTEN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 166 unique securities.
Which pays a higher dividend, QQQ or XTEN?
QQQ yields 0.44% while XTEN yields 4.42%, so XTEN currently pays the higher dividend yield.
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