EMTL vs QQQ
EMTL vs QQQ
State Street DoubleLine Emerging Markets Fixed Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EMTL offers more diversification with 114 holdings.
Side-by-Side Comparison
| Metric | EMTL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $67M | $455.8B | |
| Dividend Yield | 4.95% | 0.41% | |
| Holdings | 119 | 108 | |
| YTD Return | -1.71% | +18.34% | |
| 1Y Return | +1.23% | +28.94% | |
| 3Y Return (annualized) | +5.65% | +25.28% | |
| 5Y Return (annualized) | +1.03% | +15.22% | |
| Volatility (annualized) | 7.1% | 30.6% | |
| Max Drawdown | -22.9% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 13, 2016 | Mar 10, 1999 |
EMTL vs QQQ Performance
State Street DoubleLine Emerging Markets Fixed Income ETF (EMTL) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EMTL returned +1.23% while QQQ returned +28.94%. Year to date, EMTL is down 1.71% versus a gain of 18.34% for QQQ.
Over three years, EMTL compounded at +5.65% per year against +25.28% for QQQ; over five years the annualized figures are +1.03% and +15.22% respectively. Across the full 10-year window we track, QQQ has the edge at +13.12% annualized vs +3.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.1% for EMTL. 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 -22.9% for EMTL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMTL charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, EMTL currently yields 4.95% against 0.41% for QQQ.
Holdings Overlap
EMTL and QQQ share 0 holdings out of 217 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMTL or QQQ?
EMTL has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, EMTL or QQQ?
Over the past year EMTL returned +1.23% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), EMTL annualized +3.11% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, EMTL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.1% for EMTL. Worst drawdown: EMTL -22.9% vs QQQ -83.0%.
Should I hold both EMTL and QQQ?
EMTL and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMTL and QQQ?
EMTL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 217 unique securities.
Which pays a higher dividend, EMTL or QQQ?
EMTL yields 4.95% while QQQ yields 0.41%, so EMTL currently pays the higher dividend yield.
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