QQQ vs XOEF
QQQ vs XOEF
Invesco QQQ Trust, Series 1 vs iShares S&P 500 ex S&P 100 ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. XOEF offers more diversification with 405 holdings.
Side-by-Side Comparison
| Metric | QQQ | XOEF | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.20% | |
| AUM | $455.8B | $23M | |
| Dividend Yield | 0.41% | 1.03% | |
| Holdings | 108 | 408 | |
| YTD Return | +16.83% | +15.91% | |
| 1Y Return | +26.58% | +22.83% | |
| 3Y Return (annualized) | +24.70% | - | |
| 5Y Return (annualized) | +14.88% | - | |
| Volatility (annualized) | 30.6% | 11.3% | |
| Max Drawdown | -83.0% | -7.7% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jul 8, 2025 |
QQQ vs XOEF Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares S&P 500 ex S&P 100 ETF (XOEF) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +26.58% while XOEF returned +22.83%. Year to date, QQQ is up 16.83% versus a gain of 15.91% for XOEF.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.3% for XOEF. 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 -7.7% for XOEF. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XOEF charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.03% for XOEF.
Holdings Overlap
QQQ and XOEF share 54 holdings out of 454 unique holdings combined, representing a 20.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in XOEF | Difference |
|---|---|---|---|
| KLAC | 1.28% | 1.68% | 0.40% |
| PANW | 1.19% | 1.60% | 0.41% |
| SNDK | 1.10% | 1.42% | 0.32% |
| MRVL | Pro | Pro | Pro |
| CRWD | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| VRTX | Pro | Pro | Pro |
See all 10 holdings QQQ shares with XOEF 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 XOEF?
QQQ has an expense ratio of 0.18% while XOEF charges 0.20%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, QQQ or XOEF?
Over the past year QQQ returned +26.58% vs +22.83% for XOEF, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.06% vs +20.08% for XOEF. Past performance does not guarantee future results.
Which is riskier, QQQ or XOEF?
QQQ has been the more volatile fund at 30.6% annualized versus 11.3% for XOEF. Worst drawdown: QQQ -83.0% vs XOEF -7.7%.
Should I hold both QQQ and XOEF?
QQQ and XOEF have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XOEF?
QQQ and XOEF share 54 common holdings with a 20.8% weight overlap. Combined, they hold 454 unique securities.
Which pays a higher dividend, QQQ or XOEF?
QQQ yields 0.41% while XOEF yields 1.03%, so XOEF currently pays the higher dividend yield.
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