EMTL vs. QQQ
EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - EMTL is a Emerging Markets Bonds fund actively managed by State Street, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. EMTL is actively managed, while QQQ is passively managed. Over the past 10 years, EMTL returned 3.30%/yr vs 22.48%/yr for QQQ. At a 0.30 correlation, their price movements are largely independent. EMTL charges 0.65%/yr vs 0.18%/yr for QQQ.
Performance
EMTL vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EMTL achieves a 0.72% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, EMTL has underperformed QQQ with an annualized return of 3.30%, while QQQ has yielded a comparatively higher 22.48% annualized return.
EMTL
- 1D
- -0.04%
- 1M
- 0.64%
- YTD
- 0.72%
- 6M
- 0.90%
- 1Y
- 4.64%
- 3Y*
- 6.77%
- 5Y*
- 1.63%
- 10Y*
- 3.30%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
EMTL vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.72% | 8.27% | 5.86% | 9.60% | -14.31% | 0.56% | 3.48% | 11.99% | -2.37% | 7.59% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between EMTL and QQQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.30 |
The correlation between EMTL and QQQ shifts across timeframes, from 0.30 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMTL vs. QQQ — Risk / Return Rank
EMTL
QQQ
EMTL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMTL | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.44 | -1.11 |
| Martin ratioReturn relative to average drawdown | 8.26 | 12.79 | -4.53 |
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Drawdowns
EMTL vs. QQQ - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EMTL and QQQ.
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Drawdown Indicators
| EMTL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -82.97% | +60.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -11.96% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -22.77% | +18.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -35.12% | +12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | -35.12% | +12.21% |
Current DrawdownCurrent decline from peak | -0.11% | -0.99% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -32.73% | +28.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 3.21% | -2.65% |
Volatility
EMTL vs. QQQ - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.66%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 8.47% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 14.20% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 17.67% | -15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 22.64% | -17.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 22.43% | -17.76% |
EMTL vs. QQQ - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
EMTL vs. QQQ - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 4.95%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.95% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
EMTL and QQQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.47%) compared to EMTL (0.66%). In terms of maximum drawdown, EMTL dropped -22.91% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 22.48% vs 3.30% for EMTL. On fees, QQQ is cheaper at 0.18% per year. On volatility, EMTL has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 22.48% return vs 3.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.65% for EMTL.
EMTL has the higher dividend yield at 4.95%, compared with 0.49% for QQQ.
EMTL is categorized as Emerging Markets Bonds, while QQQ is Nasdaq-100. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.65% for EMTL and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.33 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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