TBG vs. QQQ

Last updated Jun 26, 2026

TBG (TBG Dividend Focus ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TBG is a Large Cap Value Equities fund actively managed by EA Series Trust, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TBG is actively managed, while QQQ is passively managed. Over the past year, TBG returned 18.69% vs 33.02% for QQQ. At a 0.35 correlation, their price movements are largely independent. TBG charges 0.59%/yr vs 0.18%/yr for QQQ.

Performance

TBG vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TBG Dividend Focus ETF (TBG) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBG achieves a 11.05% return, which is significantly lower than QQQ's 16.89% return.

TBG

• 1D: 0.44%
• 1M: -0.38%
• YTD: 11.05%
• 6M: 9.93%
• 1Y: 18.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 0.81%
• 1M: -1.80%
• YTD: 16.89%
• 6M: 15.09%
• 1Y: 33.02%
• 3Y*: 26.78%
• 5Y*: 16.13%
• 10Y*: 22.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TBG vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TBG TBG Dividend Focus ETF	11.05%	7.50%	20.58%	9.55%
QQQ Invesco QQQ ETF	16.89%	20.77%	25.58%	11.20%

Correlation

The correlation between TBG and QQQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.35

The correlation between TBG and QQQ shifts across timeframes, from 0.22 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

TBG vs. QQQ - Sectors Allocation Comparison

Sectors	TBG	QQQ
Healthcare	15.4%	3.7%
Financial Services	13.7%	0.2%
Energy	13.6%	0.5%
Technology	12.6%	58.7%
Real Estate	12.5%	0.1%
Consumer Defensive	10.0%	6.4%
Utilities	6.8%	1.2%
Consumer Cyclical	6.5%	11.4%
Industrials	3.7%	2.6%
Communication Services	3.6%	14.3%
Basic Materials	1.7%	1.0%

Return for Risk

TBG vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBG

TBG Risk / Return Rank: 67
TBG Sharpe Ratio Rank: 70
TBG Sortino Ratio Rank: 72
TBG Omega Ratio Rank: 64
TBG Calmar Ratio Rank: 70
TBG Martin Ratio Rank: 60

QQQ

QQQ Risk / Return Rank: 64
QQQ Sharpe Ratio Rank: 66
QQQ Sortino Ratio Rank: 61
QQQ Omega Ratio Rank: 63
QQQ Calmar Ratio Rank: 65
QQQ Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TBG vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) 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.

	TBG	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.85	+0.10
Sortino ratio: Return per unit of downside risk	2.83	2.45	+0.38
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.06	2.77	+0.29
Martin ratio: Return relative to average drawdown	9.38	10.21	-0.83

TBG vs. QQQ - Sharpe Ratio Comparison

The current TBG Sharpe Ratio is 1.95, which is comparable to the QQQ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of TBG and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TBG vs. QQQ - Drawdown Comparison

The maximum TBG drawdown since its inception was -14.76%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TBG and QQQ.

Drawdown Indicators

	TBG	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-82.97%	+68.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.13%	-11.96%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.60%	-3.89%	+2.29%
Average Drawdown Average peak-to-trough decline	-2.08%	-32.72%	+30.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	3.24%	-1.24%

Volatility

TBG vs. QQQ - Volatility Comparison

The current volatility for TBG Dividend Focus ETF (TBG) is 3.03%, while Invesco QQQ ETF (QQQ) has a volatility of 9.02%. This indicates that TBG 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.

Volatility by Period

	TBG	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	9.02%	-5.99%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	14.55%	-7.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	17.91%	-8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	22.69%	-10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	22.41%	-10.23%

TBG vs. QQQ - Expense Ratio Comparison

TBG has a 0.59% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TBG vs. QQQ - Dividend Comparison

TBG's dividend yield for the trailing twelve months is around 2.68%, more than QQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.42%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TBG TBG Dividend Focus ETF	2.68%	2.80%	2.33%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TBG and QQQ in my portfolio?

TBG and QQQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBG or QQQ?

QQQ has higher volatility (9.02%) compared to TBG (3.03%). In terms of maximum drawdown, TBG dropped -14.76% vs QQQ's -82.97%.

Which ETF is better, TBG or QQQ?

On 1-year performance, QQQ leads with 33.02% vs 18.69% for TBG. On fees, QQQ is cheaper at 0.18% per year. On volatility, TBG has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TBG or QQQ?

Over the 1-year period, QQQ has performed better with a 33.02% return vs 18.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TBG or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.59% for TBG.

Which ETF pays a higher dividend yield, TBG or QQQ?

TBG has the higher dividend yield at 2.68%, compared with 0.42% for QQQ.

What is the main difference between TBG and QQQ?

TBG is categorized as Large Cap Value Equities, while QQQ is Nasdaq-100. They also come from different issuers: EA Series Trust and Invesco. Their fees differ too: 0.59% for TBG and 0.18% for QQQ.

Which has better risk-adjusted returns?

TBG currently has the higher Sharpe Ratio (1.95 vs 1.85), 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.