CEFA vs QQQ
Global X S&P Catholic Values Developed ex-US ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CEFA offers more diversification with 367 holdings.
Side-by-Side Comparison
| Metric | CEFA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $59M | $496.3B | |
| Dividend Yield | 2.68% | 0.44% | |
| Holdings | 367 | 108 | |
| YTD Return | +13.06% | +19.52% | |
| 1Y Return | +20.86% | +26.68% | |
| 3Y Return (annualized) | +18.32% | +26.64% | |
| 5Y Return (annualized) | +8.23% | +15.36% | |
| Volatility (annualized) | 16.4% | 30.6% | |
| Max Drawdown | -32.0% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2020 | Mar 10, 1999 |
CEFA vs QQQ Performance
Global X S&P Catholic Values Developed ex-US ETF (CEFA) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CEFA returned +20.86% while QQQ returned +26.68%. Year to date, CEFA is up 13.06% versus a gain of 19.52% for QQQ.
Over three years, CEFA compounded at +18.32% per year against +26.64% for QQQ; over five years the annualized figures are +8.23% and +15.36% respectively. Across the full 6-year window we track, QQQ has the edge at +13.14% annualized vs +11.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.4% for CEFA. 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 -32.0% for CEFA 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CEFA charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, CEFA currently yields 2.68% against 0.44% for QQQ.
Holdings Overlap
CEFA and QQQ share 2 holdings out of 447 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CEFA or QQQ?
CEFA has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, CEFA or QQQ?
Over the past year CEFA returned +20.86% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), CEFA annualized +11.51% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, CEFA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.4% for CEFA. Worst drawdown: CEFA -32.0% vs QQQ -83.0%.
Should I hold both CEFA and QQQ?
CEFA and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CEFA and QQQ?
CEFA and QQQ share 2 common holdings with a 0.5% weight overlap. Combined, they hold 447 unique securities.
Which pays a higher dividend, CEFA or QQQ?
CEFA yields 2.68% while QQQ yields 0.44%, so CEFA currently pays the higher dividend yield.
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