QQQ vs TLTE
Invesco QQQ Trust, Series 1 vs Northern Trust Morningstar Emerging Markets Factor Tilt ETF
Which is better, QQQ or TLTE?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TLTE over 1Y. TLTE is less concentrated, with 23.8% 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 | QQQ | TLTE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.57% |
| AUM | $506.1B | $345M |
| Dividend Yield | 0.42% | 3.28% |
| Holdings | 321 | 3,106 |
| YTD Return | +19.30%Best | +15.08% |
| 1Y Return | +22.47% | +22.81%Best |
| 3Y Return (annualized) | +26.18%Best | +19.81% |
| 5Y Return (annualized) | +15.42%Best | +7.74% |
| Volatility (annualized) | 17.5% | 16.6%Best |
| Max Drawdown | -35.1%Best | -47.6% |
| $10,000 over 5 years | $20,484Best | $14,517 |
| Top 10 Weight | 46.7% | 23.8%Best |
| Fund Family | Invesco (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 25, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2012 to Oct 14, 2026 (14 years).
QQQ vs TLTE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs TLTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE) is an ETF from Northern Trust Asset Management. Over the past year QQQ returned +22.47% while TLTE returned +22.81%. Year to date, QQQ is up 19.30% versus a gain of 15.08% for TLTE.
Over three years, QQQ compounded at +26.18% per year against +19.81% for TLTE; over five years the annualized figures are +15.42% and +7.74% respectively. Across the full 14-year window we track, QQQ has the edge at +18.61% annualized vs +4.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 16.6% for TLTE. 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 -47.6% for TLTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TLTE charges 0.57%. On a $10,000 position that is $18 vs $57 annually, a gap of $39 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 3.28% for TLTE.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 2,920 in TLTE, totalling 99.6% and 96.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 101 positions we hold weights for in QQQ and 2,920 in TLTE, against full books of 321 and 3,106.
What only one of them owns
Our book lists 12 positions for TLTE that do not appear in our book for QQQ (0.3% of the fund), and 93 for QQQ that do not appear in TLTE (96.3%).
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 QQQ and TLTE 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, QQQ or TLTE?
QQQ has an expense ratio of 0.18% while TLTE charges 0.57%. QQQ is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, QQQ or TLTE?
Over the past year QQQ returned +22.47% vs +22.81% for TLTE, so TLTE leads on 1-year performance. Over the longest common window we track (14 years), QQQ annualized +18.61% vs +4.25% for TLTE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TLTE?
QQQ has been the more volatile fund at 17.5% annualized versus 16.6% for TLTE. Worst drawdown: QQQ -35.1% vs TLTE -47.6%.
Should I hold both QQQ and TLTE?
QQQ and TLTE have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or TLTE?
QQQ yields 0.42% while TLTE yields 3.28%, so TLTE currently pays the higher dividend yield.
Is TLTE better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, TLTE over 1Y. TLTE is less concentrated, with 23.8% 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.