KLMN vs QQQ
KLMN vs QQQ
Invesco MSCI North America Climate ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
KLMN has a lower expense ratio. QQQ delivered stronger 1-year returns. KLMN offers more diversification with 270 holdings.
Side-by-Side Comparison
| Metric | KLMN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.18% | |
| AUM | $2.3B | $455.8B | |
| Dividend Yield | 1.20% | 0.41% | |
| Holdings | 281 | 108 | |
| YTD Return | +10.30% | +12.48% | |
| 1Y Return | +20.25% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 13.3% | 30.6% | |
| Max Drawdown | -19.2% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 11, 2024 | Mar 10, 1999 |
KLMN vs QQQ Performance
Invesco MSCI North America Climate ETF (KLMN) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KLMN returned +20.25% while QQQ returned +22.35%. Year to date, KLMN is up 10.30% versus a gain of 12.48% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.3% for KLMN. 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 -19.2% for KLMN 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KLMN charges 0.09% per year while QQQ charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, KLMN currently yields 1.20% against 0.41% for QQQ.
Holdings Overlap
KLMN and QQQ share 75 holdings out of 298 unique holdings combined, representing a 52.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in KLMN | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 6.69% | 7.88% | 1.19% |
| AAPL | 6.15% | 7.46% | 1.31% |
| MSFT | 3.88% | 4.65% | 0.77% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings KLMN 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, KLMN or QQQ?
KLMN has an expense ratio of 0.09% while QQQ charges 0.18%. KLMN is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, KLMN or QQQ?
Over the past year KLMN returned +20.25% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), KLMN annualized +15.05% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, KLMN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.3% for KLMN. Worst drawdown: KLMN -19.2% vs QQQ -83.0%.
Should I hold both KLMN and QQQ?
KLMN and QQQ have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between KLMN and QQQ?
KLMN and QQQ share 75 common holdings with a 52.4% weight overlap. Combined, they hold 298 unique securities.
Which pays a higher dividend, KLMN or QQQ?
KLMN yields 1.20% while QQQ yields 0.41%, so KLMN currently pays the higher dividend yield.
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