QQQ vs TOK
QQQ vs TOK
Invesco QQQ Trust, Series 1 vs iShares MSCI Kokusai ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. TOK offers more diversification with 892 holdings.
Side-by-Side Comparison
| Metric | QQQ | TOK | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.25% | |
| AUM | $455.8B | $247M | |
| Dividend Yield | 0.41% | 1.31% | |
| Holdings | 108 | 1,136 | |
| YTD Return | +18.20% | +13.34% | |
| 1Y Return | +27.63% | +23.35% | |
| 3Y Return (annualized) | +25.54% | +20.68% | |
| 5Y Return (annualized) | +15.12% | +12.00% | |
| Volatility (annualized) | 30.6% | 16.5% | |
| Max Drawdown | -83.0% | -56.6% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Dec 10, 2007 |
QQQ vs TOK Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares MSCI Kokusai ETF (TOK) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +27.63% while TOK returned +23.35%. Year to date, QQQ is up 18.20% versus a gain of 13.34% for TOK.
Over three years, QQQ compounded at +25.54% per year against +20.68% for TOK; over five years the annualized figures are +15.12% and +12.00% respectively. Across the full 19-year window we track, QQQ has the edge at +13.11% annualized vs +6.96%. 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 16.5% for TOK. 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 -56.6% for TOK. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOK charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.31% for TOK.
Holdings Overlap
QQQ and TOK share 95 holdings out of 900 unique holdings combined, representing a 41.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TOK | Difference |
|---|---|---|---|
| NVDA | 7.88% | 5.32% | 2.56% |
| AAPL | 7.46% | 5.41% | 2.05% |
| MSFT | 4.65% | 3.22% | 1.43% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings QQQ shares with TOK 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 TOK?
QQQ has an expense ratio of 0.18% while TOK charges 0.25%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQQ or TOK?
Over the past year QQQ returned +27.63% vs +23.35% for TOK, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), QQQ annualized +13.11% vs +6.96% for TOK. Past performance does not guarantee future results.
Which is riskier, QQQ or TOK?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for TOK. Worst drawdown: QQQ -83.0% vs TOK -56.6%.
Should I hold both QQQ and TOK?
QQQ and TOK have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and TOK?
QQQ and TOK share 95 common holdings with a 41.5% weight overlap. Combined, they hold 900 unique securities.
Which pays a higher dividend, QQQ or TOK?
QQQ yields 0.41% while TOK yields 1.31%, so TOK currently pays the higher dividend yield.
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