CANC vs QQQ
Tema Oncology ETF vs Invesco QQQ Trust, Series 1
Which is better, CANC or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. CANC led over 1Y, QQQ over 3Y and the full window. CANC is less concentrated, with 40.0% of the fund in its ten largest positions against 46.7%.
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 | CANC | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $197M | $506.1B |
| Dividend Yield | 0.05% | 0.42% |
| Holdings | 118 | 321 |
| YTD Return | +14.86% | +19.30%Best |
| 1Y Return | +34.85%Best | +22.47% |
| 3Y Return (annualized) | +22.41% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 19.4% | 17.4%Best |
| Max Drawdown | -26.1% | -22.8%Best |
| $10,000 over 3.2 years | $16,937 | $20,423Best |
| Top 10 Weight | 40.0%Best | 46.7% |
| Fund Family | Tema Global Limited | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Aug 15, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
CANC vs QQQ 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 3.2 years both funds cover.
CANC vs QQQ Performance
Tema Oncology ETF (CANC) is an ETF from Tema Global Limited and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CANC returned +34.85% while QQQ returned +22.47%. Year to date, CANC is up 14.86% versus a gain of 19.30% for QQQ.
Over three years, CANC compounded at +22.41% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CANC has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 17.4% for QQQ. 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 -26.1% for CANC and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CANC charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, CANC currently yields 0.05% against 0.42% for QQQ.
Holdings Overlap
2.4% of CANC's money is in holdings QQQ also owns. 1.7% of QQQ's money is in holdings CANC also owns.
CANC and QQQ share little of their money.
2 positions in common, counted across the 59 positions we hold weights for in CANC and 101 in QQQ, against full books of 118 and 321.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for CANC (94.6% of the fund), and 47 for CANC that do not appear in QQQ (78.7%).
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.
You are not choosing between two funds in isolation.
Whichever of CANC and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CANC or QQQ?
CANC has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, CANC or QQQ?
Over the past year CANC returned +34.85% vs +22.47% for QQQ, so CANC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANC or QQQ?
CANC has been the more volatile fund at 19.4% annualized versus 17.4% for QQQ. Worst drawdown: CANC -26.1% vs QQQ -22.8%.
Should I hold both CANC and QQQ?
CANC and QQQ have a monthly-return correlation of 0.35, 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 CANC and QQQ?
2.4% of CANC's money is in holdings QQQ also owns. 1.7% of QQQ's is in holdings CANC also owns. They hold 2 positions in common, counted across the 59 positions we hold weights for in CANC and 101 in QQQ.
Which pays a higher dividend, CANC or QQQ?
CANC yields 0.05% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than CANC?
QQQ has a lower expense ratio. CANC led over 1Y, QQQ over 3Y and the full window. CANC is less concentrated, with 40.0% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.