Data as of Oct 27, 2026.
QQQ vs TOAK: Differences, Returns & Fees
Over the year to Oct 27, 2026, QQQ returned +15.4% to TOAK's +3.6%, and QQQ charges 0.18% to TOAK's 0.26%.
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Net assets: $476.7bn on Oct 26, 2026 for Invesco QQQ Trust, Series 1, and $90m on May 31, 2026 for Manager Directed Portfolios Twin Oak Short Horizon Absolute Return ETF.
Pair scorecard
QQQ costs 0.08 points a year less; their one-year returns differ by 11.8 points.
| Measure | QQQ | TOAK |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.4% | +3.6% |
| Total return, 52 weeks | +3.6% | |
| Drawdown | ||
| Below its high | 5.1%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 0.1 points behind | |
| Cost and size | ||
| Expense ratio | 0.18% | 0.26% |
| Net assets, QQQ as of Oct 26, 2026 and TOAK as of May 31, 2026 | $476.7bn | $90m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.6% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.17 | |
| Beta to the S&P 500 | +0.04: about 0.04% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.02% | |
| Down-week capture | 1.9% | |
| Weeks the S&P 500 fell | 25 of 52, by 1.10% on average | |
Side by side
QQQ and TOAK on the fields both publish, as of Oct 27, 2026. Source: ETFIQ.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 27, 2026 it returned +15.4% with distributions reinvested, against +15.4% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 26, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.6%. It sat 5.1% below its high of Oct 6, 2026 on Oct 27, 2026.
TOAK
TOAK is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Oct 27, 2026, its weekly returns had a correlation of +0.17 with the S&P 500’s and a beta of +0.04, so for each 1% the index moved it moved about 0.04% the same way. The S&P 500 fell in 25 of those 52 weeks, by 1.10% on average. In the same weeks TOAK fell 0.02% on average, a down-week capture of 1.9%. Over the same 52 weeks TOAK returned +3.6% and a Treasury bill fund +3.7%, so it finished 0.1 percentage points behind cash.
Questions people ask
- Are QQQ and TOAK in the same category?
- QQQ is a stock ETF and TOAK is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQ or TOAK?
- In the year to Oct 27, 2026, with distributions reinvested, QQQ returned +15.4% and TOAK +3.6%.
- Which is cheaper, QQQ or TOAK?
- QQQ is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QQQ against TOAK, data as of Oct 27, 2026. https://etfiq.com/compare/any/qqq-vs-toak
ETFIQ. (Oct 27, 2026). QQQ against TOAK. Retrieved from https://etfiq.com/compare/any/qqq-vs-toak
[QQQ against TOAK (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/any/qqq-vs-toak)
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