QQQ vs TEQI
QQQ vs TEQI
Invesco QQQ Trust, Series 1 vs T. Rowe Price Equity Income ETF
Quick Verdict
QQQ has a lower expense ratio. TEQI delivered stronger 1-year returns. TEQI offers more diversification with 117 holdings.
Side-by-Side Comparison
| Metric | QQQ | TEQI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.54% | |
| AUM | $455.8B | $455M | |
| Dividend Yield | 0.41% | 1.54% | |
| Holdings | 108 | 118 | |
| YTD Return | +16.83% | +16.66% | |
| 1Y Return | +26.58% | +27.37% | |
| 3Y Return (annualized) | +24.70% | +16.06% | |
| 5Y Return (annualized) | +14.88% | +11.03% | |
| Volatility (annualized) | 30.6% | 15.6% | |
| Max Drawdown | -83.0% | -17.8% | |
| Fund Family | Invesco (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Aug 4, 2020 |
QQQ vs TEQI Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and T. Rowe Price Equity Income ETF (TEQI) is a ETF from T.Rowe Price. Over the past year QQQ returned +26.58% while TEQI returned +27.37%. Year to date, QQQ is up 16.83% versus a gain of 16.66% for TEQI.
Over three years, QQQ compounded at +24.70% per year against +16.06% for TEQI; over five years the annualized figures are +14.88% and +11.03% respectively. Across the full 6-year window we track, TEQI has the edge at +15.28% annualized vs +13.06%. 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 15.6% for TEQI. 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 -83.0% for QQQ and -17.8% for TEQI. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while TEQI charges 0.54%. On a $10,000 position that is $18 vs $54 annually, a gap of $36 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.54% for TEQI.
Holdings Overlap
QQQ and TEQI share 16 holdings out of 204 unique holdings combined, representing a 12.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TEQI | Difference |
|---|---|---|---|
| MSFT | 4.65% | 0.95% | 3.70% |
| AMZN | 4.26% | 1.32% | 2.94% |
| GOOG | 3.06% | 1.76% | 1.30% |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| NXPI | Pro | Pro | Pro |
See all 10 holdings QQQ shares with TEQI 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, QQQ or TEQI?
QQQ has an expense ratio of 0.18% while TEQI charges 0.54%. QQQ is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, QQQ or TEQI?
Over the past year QQQ returned +26.58% vs +27.37% for TEQI, so TEQI leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.06% vs +15.28% for TEQI. Past performance does not guarantee future results.
Which is riskier, QQQ or TEQI?
QQQ has been the more volatile fund at 30.6% annualized versus 15.6% for TEQI. Worst drawdown: QQQ -83.0% vs TEQI -17.8%.
Should I hold both QQQ and TEQI?
QQQ and TEQI have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TEQI?
QQQ and TEQI share 16 common holdings with a 12.2% weight overlap. Combined, they hold 204 unique securities.
Which pays a higher dividend, QQQ or TEQI?
QQQ yields 0.41% while TEQI yields 1.54%, so TEQI currently pays the higher dividend yield.
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