QQQ vs TOKE
Invesco QQQ Trust, Series 1 vs Cambria Cannabis ETF
Which is better, QQQ or TOKE?
Large Cap Growth against Mid Cap Growth.
QQQ has a lower expense ratio. QQQ 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 | TOKE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.44% |
| AUM | $506.1B | $14M |
| Dividend Yield | 0.42% | 1.06% |
| Holdings | 321 | 24 |
| Volatility (annualized) | 20.2%Best | 35.5% |
| Max Drawdown | -35.1%Best | -83.3% |
| $10,000 over 6.7 years | $34,439Best | $2,670 |
| Fund Family | Invesco (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Mid Cap Growth |
| Inception | Mar 10, 1999 | Jul 25, 2019 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 180 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 14, 2026 and TOKE through Apr 17, 2026.
Volatility and max drawdown, and the $10,000 over 6.7 years row, are measured over the window both funds cover: Jul 25, 2019 to Apr 17, 2026 (6.7 years).
Risk: Volatility and Drawdowns
TOKE has been the more volatile fund, with annualized monthly volatility of 35.5% compared with 20.2% 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 -35.1% for QQQ and -83.3% for TOKE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOKE charges 0.44%. On a $10,000 position that is $18 vs $44 annually, a gap of $26 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 1.06% for TOKE.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 16 in TOKE, 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 244 days apart, QQQ as of Oct 1, 2026 and TOKE as of Jan 30, 2026, 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 16 in TOKE, against full books of 321 and 24.
You are not choosing between two funds in isolation.
Whichever of QQQ and TOKE 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 TOKE?
QQQ has an expense ratio of 0.18% while TOKE charges 0.44%. QQQ is the cheaper option, by $26 a year on a $10,000 investment.
Which is riskier, QQQ or TOKE?
TOKE has been the more volatile fund at 35.5% annualized versus 20.2% for QQQ. Worst drawdown: QQQ -35.1% vs TOKE -83.3%.
Should I hold both QQQ and TOKE?
QQQ and TOKE have a monthly-return correlation of 0.37, 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 TOKE?
QQQ yields 0.42% while TOKE yields 1.06%, so TOKE currently pays the higher dividend yield.
Is TOKE better than QQQ?
QQQ has a lower expense ratio. QQQ 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.