BCHI vs QQQ
GMO Beyond China ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BCHI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $18M | $455.8B | |
| Dividend Yield | 3.45% | 0.41% | |
| Holdings | 202 | 108 | |
| YTD Return | +10.23% | +18.31% | |
| 1Y Return | +24.12% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 22.5% | 30.6% | |
| Max Drawdown | -19.3% | -83.0% | |
| Fund Family | GMO | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2025 | Mar 10, 1999 |
BCHI vs QQQ Performance
GMO Beyond China ETF (BCHI) is a ETF from GMO and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BCHI returned +24.12% while QQQ returned +25.37%. Year to date, BCHI is up 10.23% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.5% for BCHI. 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 -19.3% for BCHI and -83.0% for QQQ. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BCHI charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, BCHI currently yields 3.45% against 0.41% for QQQ.
Holdings Overlap
BCHI and QQQ share 0 holdings out of 201 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BCHI or QQQ?
BCHI has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, BCHI or QQQ?
Over the past year BCHI returned +24.12% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), BCHI annualized +26.18% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, BCHI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.5% for BCHI. Worst drawdown: BCHI -19.3% vs QQQ -83.0%.
Should I hold both BCHI and QQQ?
BCHI and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCHI and QQQ?
BCHI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, BCHI or QQQ?
BCHI yields 3.45% while QQQ yields 0.41%, so BCHI currently pays the higher dividend yield.
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