CGGE vs QQQ
Capital Group Global Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CGGE offers more diversification with 253 holdings.
Side-by-Side Comparison
| Metric | CGGE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.18% | |
| AUM | $3.1B | $496.3B | |
| Dividend Yield | 0.37% | 0.44% | |
| Holdings | 253 | 108 | |
| YTD Return | +11.04% | +16.19% | |
| 1Y Return | +19.44% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 11.1% | 30.6% | |
| Max Drawdown | -14.4% | -83.0% | |
| Fund Family | Capital Group (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Mar 10, 1999 |
CGGE vs QQQ Performance
Capital Group Global Equity ETF (CGGE) is a ETF from Capital Group (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CGGE returned +19.44% while QQQ returned +25.22%. Year to date, CGGE is up 11.04% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.1% for CGGE. 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 -14.4% for CGGE 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGGE charges 0.47% per year while QQQ charges 0.18%. On a $10,000 position that is $47 vs $18 annually, a gap of $29 per year that compounds over a long holding period. On income, CGGE currently yields 0.37% against 0.44% for QQQ.
Holdings Overlap
CGGE and QQQ share 21 holdings out of 197 unique holdings combined, representing a 26.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGGE or QQQ?
CGGE has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, CGGE or QQQ?
Over the past year CGGE returned +19.44% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CGGE annualized +17.99% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, CGGE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.1% for CGGE. Worst drawdown: CGGE -14.4% vs QQQ -83.0%.
Should I hold both CGGE and QQQ?
CGGE and QQQ have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGGE and QQQ?
CGGE and QQQ share 21 common holdings with a 26.1% weight overlap. Combined, they hold 197 unique securities.
Which pays a higher dividend, CGGE or QQQ?
CGGE yields 0.37% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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