FIXT vs QQQ
FIXT vs QQQ
TCW Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. FIXT offers more diversification with 259 holdings.
Side-by-Side Comparison
| Metric | FIXT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.18% | |
| AUM | $213M | $455.8B | |
| Dividend Yield | 5.51% | 0.41% | |
| Holdings | 578 | 108 | |
| YTD Return | -0.04% | +17.27% | |
| 1Y Return | +2.43% | +28.64% | |
| 3Y Return (annualized) | +11.06% | +24.88% | |
| 5Y Return (annualized) | - | +14.86% | |
| Volatility (annualized) | 17.6% | 30.6% | |
| Max Drawdown | -20.4% | -83.0% | |
| Fund Family | TCW ETFs | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2002 | Mar 10, 1999 |
FIXT vs QQQ Performance
TCW Core Plus Bond ETF (FIXT) is a ETF from TCW ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FIXT returned +2.43% while QQQ returned +28.64%. Year to date, FIXT is down 0.04% versus a gain of 17.27% for QQQ.
Over three years, FIXT compounded at +11.06% per year against +24.88% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.08% annualized vs +12.39%. 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 17.6% for FIXT. 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 -20.4% for FIXT 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
FIXT charges 0.40% per year while QQQ charges 0.18%. On a $10,000 position that is $40 vs $18 annually, a gap of $22 per year that compounds over a long holding period. On income, FIXT currently yields 5.51% against 0.41% for QQQ.
Holdings Overlap
FIXT and QQQ share 0 holdings out of 362 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, FIXT or QQQ?
FIXT has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FIXT or QQQ?
Over the past year FIXT returned +2.43% vs +28.64% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), FIXT annualized +12.39% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, FIXT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.6% for FIXT. Worst drawdown: FIXT -20.4% vs QQQ -83.0%.
Should I hold both FIXT and QQQ?
FIXT 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 FIXT and QQQ?
FIXT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 362 unique securities.
Which pays a higher dividend, FIXT or QQQ?
FIXT yields 5.51% while QQQ yields 0.41%, so FIXT currently pays the higher dividend yield.
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