CGGE vs QQQ
Capital Group Global Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, CGGE or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. CGGE is less concentrated, with 32.0% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGGE | QQQ |
|---|---|---|
| Expense Ratio | 0.47% | 0.18%Best |
| AUM | $3.1B | $483.5B |
| Dividend Yield | 0.36% | 0.44% |
| Holdings | 128 | 107 |
| YTD Return | +7.44% | +15.18%Best |
| 1Y Return | +12.08% | +19.65%Best |
| 3Y Return (annualized) | - | +24.60% |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 11.1%Best | 17.7% |
| Max Drawdown | -14.4%Best | -22.8% |
| $10,000 over 2.2 years | $13,796 | $14,736Best |
| Top 10 Weight | 32.0%Best | 46.5% |
| Fund Family | Capital Group (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 25, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 27, 2024 to Sep 15, 2026 (2.2 years).
CGGE vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CGGE vs QQQ Performance
Capital Group Global Equity ETF (CGGE) is an ETF from Capital Group (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CGGE returned +12.08% while QQQ returned +19.65%. Year to date, CGGE is up 7.44% versus a gain of 15.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.36% against 0.44% for QQQ.
Holdings Overlap
29.9% of CGGE's money is in holdings QQQ also owns. 52.3% of QQQ's money is in holdings CGGE also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 116 positions we hold weights for in CGGE and 102 in QQQ, against full books of 128 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for CGGE (45.3% of the fund), and 35 for CGGE that do not appear in QQQ (26.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CGGE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.28% | 8.44% | 6.16% |
| AAPLApple, Inc | 3.29% | 7.27% | 3.98% |
| MSFTMicrosoft Corp | 4.00% | 5.76% | 1.76% |
| GOOGLAlphabet Inc,class A | 4.63% | 3.36% | 1.27% |
| AVGOBroadcom Inc | 4.28% | 3.16% | 1.12% |
| AMZNAmazon.Com Inc | 1.95% | 4.67% | 2.72% |
| MUMicron Technology, Inc. | 1.48% | 4.43% | 2.95% |
| METAMeta Platforms Inc | 1.24% | 2.78% | 1.54% |
| INTCIntel Corporation | 0.48% | 2.23% | 1.75% |
| AMATApplied Materials, Inc. | 0.55% | 1.86% | 1.31% |
52.3% of QQQ is already inside CGGE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $29 a year on a $10,000 investment.
Which performed better, CGGE or QQQ?
Over the past year CGGE returned +12.08% vs +19.65% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CGGE annualized +15.75% vs +19.27% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGGE or QQQ?
QQQ has been the more volatile fund at 17.7% annualized versus 11.1% for CGGE. Worst drawdown: CGGE -14.4% vs QQQ -22.8%.
Should I hold both CGGE and QQQ?
CGGE and QQQ have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGGE and QQQ?
52.3% of QQQ's money is in holdings CGGE also owns. 52.3% of QQQ's is in holdings CGGE also owns. They hold 21 positions in common, counted across the 116 positions we hold weights for in CGGE and 102 in QQQ.
Which pays a higher dividend, CGGE or QQQ?
CGGE yields 0.36% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than CGGE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. CGGE is less concentrated, with 32.0% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.