DFGP vs QQQ
Dimensional Global Core Plus Fixed Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DFGP offers more diversification with 853 holdings.
Side-by-Side Comparison
| Metric | DFGP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.18% | |
| AUM | $3.4B | $455.8B | |
| Dividend Yield | 4.41% | 0.41% | |
| Holdings | 1,422 | 108 | |
| YTD Return | +0.94% | +17.46% | |
| 1Y Return | +2.81% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 4.6% | 30.6% | |
| Max Drawdown | -3.2% | -83.0% | |
| Fund Family | Dimensional | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2023 | Mar 10, 1999 |
DFGP vs QQQ Performance
Dimensional Global Core Plus Fixed Income ETF (DFGP) is a ETF from Dimensional and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DFGP returned +2.81% while QQQ returned +26.02%. Year to date, DFGP is up 0.94% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.6% for DFGP. 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 -3.2% for DFGP 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFGP charges 0.22% per year while QQQ charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, DFGP currently yields 4.41% against 0.41% for QQQ.
Holdings Overlap
DFGP and QQQ share 0 holdings out of 956 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, DFGP or QQQ?
DFGP has an expense ratio of 0.22% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, DFGP or QQQ?
Over the past year DFGP returned +2.81% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), DFGP annualized +6.75% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, DFGP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.6% for DFGP. Worst drawdown: DFGP -3.2% vs QQQ -83.0%.
Should I hold both DFGP and QQQ?
DFGP and QQQ have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFGP and QQQ?
DFGP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 956 unique securities.
Which pays a higher dividend, DFGP or QQQ?
DFGP yields 4.41% while QQQ yields 0.41%, so DFGP currently pays the higher dividend yield.
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