QQQ vs TMET
Invesco QQQ Trust, Series 1 vs iShares Transition-Enabling Metals ETF
Which is better, QQQ or TMET?
Large Cap Growth against Commodities.
QQQ has a lower expense ratio. TMET led over 1Y and the full window.
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 | TMET |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.48% |
| AUM | $506.1B | $13M |
| Dividend Yield | 0.42% | 12.93% |
| Holdings | 321 | 20 |
| Volatility (annualized) | 17.3%Best | 22.4% |
| Max Drawdown | -22.8% | -22.2%Best |
| $10,000 over 2.7 years | $21,062 | $25,132Best |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Commodity |
| Style | Large Cap Growth | Commodities |
| Inception | Mar 10, 1999 | Sep 26, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 140 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Oct 15, 2026 and TMET through May 28, 2026.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Sep 28, 2023 to May 28, 2026 (2.7 years).
Risk: Volatility and Drawdowns
TMET has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 17.3% 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 -22.8% for QQQ and -22.2% for TMET. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.04. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMET 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 0.42% against 12.93% for TMET.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 2 in TMET, totalling 99.6% and 69.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 274 days apart, QQQ as of Oct 1, 2026 and TMET as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 101 positions we hold weights for in QQQ and 2 in TMET, against full books of 321 and 20.
You are not choosing between two funds in isolation.
Whichever of QQQ and TMET 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 TMET?
QQQ has an expense ratio of 0.18% while TMET charges 0.48%. QQQ is the cheaper option, by $30 a year on a $10,000 investment.
Which is riskier, QQQ or TMET?
TMET has been the more volatile fund at 22.4% annualized versus 17.3% for QQQ. Worst drawdown: QQQ -22.8% vs TMET -22.2%.
Should I hold both QQQ and TMET?
QQQ and TMET have a monthly-return correlation of -0.04, 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 TMET?
QQQ yields 0.42% while TMET yields 12.93%, so TMET currently pays the higher dividend yield.
Is TMET better than QQQ?
QQQ has a lower expense ratio. TMET led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.