GBLD vs QQQ
Invesco MSCI Green Building ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GBLD offers more diversification with 114 holdings.
Side-by-Side Comparison
| Metric | GBLD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 3.21% | 0.44% | |
| Holdings | 114 | 108 | |
| YTD Return | +4.28% | +16.64% | |
| 1Y Return | +18.62% | +27.27% | |
| 3Y Return (annualized) | +5.47% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 17.7% | 30.6% | |
| Max Drawdown | -39.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 22, 2021 | Mar 10, 1999 |
GBLD vs QQQ Performance
Invesco MSCI Green Building ETF (GBLD) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GBLD returned +18.62% while QQQ returned +27.27%. Year to date, GBLD is up 4.28% versus a gain of 16.64% for QQQ.
Over three years, GBLD compounded at +5.47% per year against +25.96% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs -1.90%. 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 17.7% for GBLD. 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 -39.7% for GBLD 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBLD charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, GBLD currently yields 3.21% against 0.44% for QQQ.
Holdings Overlap
GBLD and QQQ share 0 holdings out of 204 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, GBLD or QQQ?
GBLD has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GBLD or QQQ?
Over the past year GBLD returned +18.62% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), GBLD annualized -1.90% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GBLD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.7% for GBLD. Worst drawdown: GBLD -39.7% vs QQQ -83.0%.
Should I hold both GBLD and QQQ?
GBLD and QQQ have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBLD and QQQ?
GBLD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 204 unique securities.
Which pays a higher dividend, GBLD or QQQ?
GBLD yields 3.21% while QQQ yields 0.44%, so GBLD currently pays the higher dividend yield.
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