IGCB vs QQQ
IGCB vs QQQ
TCW Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. IGCB offers more diversification with 318 holdings.
Side-by-Side Comparison
| Metric | IGCB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | - | $455.8B | |
| Dividend Yield | 4.73% | 0.41% | |
| Holdings | 391 | 108 | |
| YTD Return | -0.92% | +18.20% | |
| 1Y Return | +1.29% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 4.0% | 30.6% | |
| Max Drawdown | -4.2% | -83.0% | |
| Fund Family | TCW ETFs | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2018 | Mar 10, 1999 |
IGCB vs QQQ Performance
TCW Corporate Bond ETF (IGCB) is a ETF from TCW ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IGCB returned +1.29% while QQQ returned +27.63%. Year to date, IGCB is down 0.92% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.0% for IGCB. 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 -4.2% for IGCB 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGCB charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, IGCB currently yields 4.73% against 0.41% for QQQ.
Holdings Overlap
IGCB and QQQ share 0 holdings out of 421 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, IGCB or QQQ?
IGCB has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IGCB or QQQ?
Over the past year IGCB returned +1.29% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), IGCB annualized +3.96% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, IGCB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.0% for IGCB. Worst drawdown: IGCB -4.2% vs QQQ -83.0%.
Should I hold both IGCB and QQQ?
IGCB and QQQ have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGCB and QQQ?
IGCB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 421 unique securities.
Which pays a higher dividend, IGCB or QQQ?
IGCB yields 4.73% while QQQ yields 0.41%, so IGCB currently pays the higher dividend yield.
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