IQSZ vs QQQ
IQSZ vs QQQ
Invesco Global Equity Net Zero ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. IQSZ delivered stronger 1-year returns. IQSZ offers more diversification with 487 holdings.
Side-by-Side Comparison
| Metric | IQSZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $169M | $455.8B | |
| Dividend Yield | 1.43% | 0.41% | |
| Holdings | 506 | 108 | |
| YTD Return | +16.54% | +18.20% | |
| 1Y Return | +30.65% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 11.5% | 30.6% | |
| Max Drawdown | -9.1% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 16, 2025 | Mar 10, 1999 |
IQSZ vs QQQ Performance
Invesco Global Equity Net Zero ETF (IQSZ) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IQSZ returned +30.65% while QQQ returned +27.63%. Year to date, IQSZ is up 16.54% 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 11.5% for IQSZ. 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 -9.1% for IQSZ 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQSZ charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, IQSZ currently yields 1.43% against 0.41% for QQQ.
Holdings Overlap
IQSZ and QQQ share 56 holdings out of 534 unique holdings combined, representing a 32.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IQSZ | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 4.68% | 7.88% | 3.20% |
| AAPL | 4.27% | 7.46% | 3.19% |
| MSFT | 2.51% | 4.65% | 2.14% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings IQSZ shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IQSZ or QQQ?
IQSZ has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IQSZ or QQQ?
Over the past year IQSZ returned +30.65% vs +27.63% for QQQ, so IQSZ leads on 1-year performance. Over the longest common window we track (1 years), IQSZ annualized +30.41% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, IQSZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.5% for IQSZ. Worst drawdown: IQSZ -9.1% vs QQQ -83.0%.
Should I hold both IQSZ and QQQ?
IQSZ and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQSZ and QQQ?
IQSZ and QQQ share 56 common holdings with a 32.9% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, IQSZ or QQQ?
IQSZ yields 1.43% while QQQ yields 0.41%, so IQSZ currently pays the higher dividend yield.
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