GBIL vs QQQ
Goldman Sachs Access Treasury 0-1 Year ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GBIL has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GBIL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $7.6B | $496.3B | |
| Dividend Yield | 3.71% | 0.44% | |
| Holdings | 40 | 108 | |
| YTD Return | +2.20% | +16.64% | |
| 1Y Return | +3.78% | +27.27% | |
| 3Y Return (annualized) | +4.54% | +25.96% | |
| 5Y Return (annualized) | +3.49% | +14.54% | |
| Volatility (annualized) | 0.8% | 30.6% | |
| Max Drawdown | -1.0% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 6, 2016 | Mar 10, 1999 |
GBIL vs QQQ Performance
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GBIL returned +3.78% while QQQ returned +27.27%. Year to date, GBIL is up 2.20% versus a gain of 16.64% for QQQ.
Over three years, GBIL compounded at +4.54% per year against +25.96% for QQQ; over five years the annualized figures are +3.49% and +14.54% respectively. Across the full 10-year window we track, QQQ has the edge at +13.03% annualized vs +1.74%. 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 0.8% for GBIL. 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 -1.0% for GBIL 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
GBIL charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, GBIL currently yields 3.71% against 0.44% for QQQ.
Holdings Overlap
GBIL and QQQ share 0 holdings out of 118 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, GBIL or QQQ?
GBIL has an expense ratio of 0.12% while QQQ charges 0.18%. GBIL is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GBIL or QQQ?
Over the past year GBIL returned +3.78% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), GBIL annualized +1.74% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GBIL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.8% for GBIL. Worst drawdown: GBIL -1.0% vs QQQ -83.0%.
Should I hold both GBIL and QQQ?
GBIL 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 GBIL and QQQ?
GBIL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 118 unique securities.
Which pays a higher dividend, GBIL or QQQ?
GBIL yields 3.71% while QQQ yields 0.44%, so GBIL currently pays the higher dividend yield.
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