QQQ vs YLDE
Invesco QQQ Trust, Series 1 vs Franklin ClearBridge Enhanced Income ETF
Which is better, QQQ or YLDE?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. YLDE is less concentrated, with 32.4% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | YLDE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.48% |
| AUM | $483.5B | $174M |
| Dividend Yield | 0.44% | 7.02% |
| Holdings | 107 | 58 |
| YTD Return | +15.86%Best | +7.89% |
| 1Y Return | +22.63%Best | +10.58% |
| 3Y Return (annualized) | +24.15%Best | +15.73% |
| 5Y Return (annualized) | +14.16%Best | +10.47% |
| Volatility (annualized) | 19.6% | 14.8%Best |
| Max Drawdown | -35.1% | -33.3%Best |
| $10,000 over 5 years | $19,390Best | $16,452 |
| Top 10 Weight | 46.5% | 32.4%Best |
| Fund Family | Invesco (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | May 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: May 23, 2017 to Sep 10, 2026 (9.3 years).
QQQ vs YLDE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.3 years both funds cover.
QQQ vs YLDE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Franklin ClearBridge Enhanced Income ETF (YLDE) is an ETF from Franklin Templeton Investments (US). Over the past year QQQ returned +22.63% while YLDE returned +10.58%. Year to date, QQQ is up 15.86% versus a gain of 7.89% for YLDE.
Over three years, QQQ compounded at +24.15% per year against +15.73% for YLDE; over five years the annualized figures are +14.16% and +10.47% respectively. Across the full 9-year window we track, QQQ has the edge at +19.54% annualized vs +11.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 14.8% for YLDE. 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 -35.1% for QQQ and -33.3% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while YLDE charges 0.48%. On a $10,000 position that is $18 vs $48 annually, a gap of $30 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 7.02% for YLDE.
Holdings Overlap
35.0% of QQQ's money is in holdings YLDE also owns. 27.9% of YLDE's money is in holdings QQQ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 102 positions we hold weights for in QQQ and 50 in YLDE, against full books of 107 and 58.
What only one of them owns
Our book lists 32 positions for YLDE that do not appear in our book for QQQ (65.0% of the fund), and 82 for QQQ that do not appear in YLDE (62.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in YLDE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 3.04% | 5.40% |
| AAPLApple, Inc | 7.27% | 1.93% | 5.34% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 3.33% | 2.43% |
| GOOGLAlphabet A Usd 0.001 | 3.36% | 3.60% | 0.24% |
| AVGOBroadcom Inc | 3.16% | 2.36% | 0.80% |
| METAMeta Platforms, Inc. | 2.78% | 1.61% | 1.17% |
| TXNTexas Instruments, Inc | 1.12% | 2.05% | 0.93% |
| ADPAutomatic Data Processing, Inc. | 0.47% | 2.34% | 1.87% |
| CMCSAComcast Corp. Class A | 0.39% | 2.14% | 1.75% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.82% | 1.67% | 0.85% |
35.0% of QQQ is already inside YLDE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or YLDE?
QQQ has an expense ratio of 0.18% while YLDE charges 0.48%. QQQ is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, QQQ or YLDE?
Over the past year QQQ returned +22.63% vs +10.58% for YLDE, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), QQQ annualized +19.54% vs +11.24% for YLDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or YLDE?
QQQ has been the more volatile fund at 19.6% annualized versus 14.8% for YLDE. Worst drawdown: QQQ -35.1% vs YLDE -33.3%.
Should I hold both QQQ and YLDE?
QQQ and YLDE have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and YLDE?
35.0% of QQQ's money is in holdings YLDE also owns. 27.9% of YLDE's is in holdings QQQ also owns. They hold 13 positions in common, counted across the 102 positions we hold weights for in QQQ and 50 in YLDE.
Which pays a higher dividend, QQQ or YLDE?
QQQ yields 0.44% while YLDE yields 7.02%, so YLDE currently pays the higher dividend yield.
Is YLDE better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. YLDE is less concentrated, with 32.4% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.