CGRO vs QQQ
CoreValues Alpha Greater China Growth 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 108 holdings.
Side-by-Side Comparison
| Metric | CGRO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.18% | |
| AUM | $2M | $455.8B | |
| Dividend Yield | 3.69% | 0.41% | |
| Holdings | 33 | 108 | |
| YTD Return | -19.35% | +19.68% | |
| 1Y Return | -18.79% | +26.75% | |
| 3Y Return (annualized) | +5.04% | +26.25% | |
| 5Y Return (annualized) | +5.04% | +15.39% | |
| Volatility (annualized) | 62.6% | 30.6% | |
| Max Drawdown | -42.1% | -83.0% | |
| Fund Family | CORE VALUES ALPHA | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 16, 2023 | Mar 10, 1999 |
CGRO vs QQQ Performance
CoreValues Alpha Greater China Growth ETF (CGRO) is a ETF from CORE VALUES ALPHA and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CGRO returned -18.79% while QQQ returned +26.75%. Year to date, CGRO is down 19.35% versus a gain of 19.68% for QQQ.
Over three years, CGRO compounded at +5.04% per year against +26.25% for QQQ; over five years the annualized figures are +5.04% and +15.39% respectively. Across the full 6-year window we track, CGRO has the edge at +15.01% annualized vs +13.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGRO has been the more volatile fund, with annualized monthly volatility of 62.6% compared with 30.6% for QQQ. 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 -42.1% for CGRO 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGRO charges 0.89% per year while QQQ charges 0.18%. On a $10,000 position that is $89 vs $18 annually, a gap of $71 per year that compounds over a long holding period. On income, CGRO currently yields 3.69% against 0.41% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, CGRO or QQQ?
CGRO has an expense ratio of 0.89% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, CGRO or QQQ?
Over the past year CGRO returned -18.79% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), CGRO annualized +15.01% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CGRO or QQQ?
CGRO has been the more volatile fund at 62.6% annualized versus 30.6% for QQQ. Worst drawdown: CGRO -42.1% vs QQQ -83.0%.
Should I hold both CGRO and QQQ?
CGRO and QQQ have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGRO and QQQ?
CGRO and QQQ share 2 common holdings with a 3.4% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, CGRO or QQQ?
CGRO yields 3.69% while QQQ yields 0.41%, so CGRO currently pays the higher dividend yield.
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