LGI vs QQQ
LGI vs QQQ
Lazard Global Total Return and Income Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | LGI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.72% | 0.18% | |
| AUM | - | $455.8B | |
| Dividend Yield | 9.83% | 0.41% | |
| Holdings | 108 | 108 | |
| YTD Return | +11.07% | +18.34% | |
| 1Y Return | +20.02% | +28.94% | |
| 3Y Return (annualized) | +16.73% | +25.28% | |
| 5Y Return (annualized) | +6.98% | +15.22% | |
| Volatility (annualized) | 19.5% | 30.6% | |
| Max Drawdown | -67.2% | -83.0% | |
| Fund Family | Lazard Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2004 | Mar 10, 1999 |
LGI vs QQQ Performance
Lazard Global Total Return and Income Fund (LGI) is a ETF from Lazard Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LGI returned +20.02% while QQQ returned +28.94%. Year to date, LGI is up 11.07% versus a gain of 18.34% for QQQ.
Over three years, LGI compounded at +16.73% per year against +25.28% for QQQ; over five years the annualized figures are +6.98% and +15.22% respectively. Across the full 22-year window we track, QQQ has the edge at +13.12% annualized vs +1.90%. 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 19.5% for LGI. 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 -67.2% for LGI 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LGI charges 1.72% per year while QQQ charges 0.18%. On a $10,000 position that is $172 vs $18 annually, a gap of $154 per year that compounds over a long holding period. On income, LGI currently yields 9.83% against 0.41% for QQQ.
Holdings Overlap
LGI and QQQ share 6 holdings out of 165 unique holdings combined, representing a 14.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in LGI | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 4.69% | 7.46% | 2.77% |
| MSFT | 3.10% | 4.65% | 1.55% |
| AMZN | 3.00% | 4.26% | 1.26% |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
See all 6 holdings LGI 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, LGI or QQQ?
LGI has an expense ratio of 1.72% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $154 per year of difference.
Which performed better, LGI or QQQ?
Over the past year LGI returned +20.02% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (22 years), LGI annualized +1.90% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, LGI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.5% for LGI. Worst drawdown: LGI -67.2% vs QQQ -83.0%.
Should I hold both LGI and QQQ?
LGI and QQQ have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LGI and QQQ?
LGI and QQQ share 6 common holdings with a 14.7% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, LGI or QQQ?
LGI yields 9.83% while QQQ yields 0.41%, so LGI currently pays the higher dividend yield.
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