GCC vs QQQ
WisdomTree Enhanced Commodity Strategy Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GCC delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | GCC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.18% | |
| AUM | $270M | $455.8B | |
| Dividend Yield | 6.21% | 0.41% | |
| Holdings | 37 | 108 | |
| YTD Return | +17.91% | +19.68% | |
| 1Y Return | +31.82% | +26.75% | |
| 3Y Return (annualized) | +17.21% | +26.25% | |
| 5Y Return (annualized) | +12.00% | +15.39% | |
| Volatility (annualized) | 15.0% | 30.6% | |
| Max Drawdown | -63.2% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Dec 21, 2020 | Mar 10, 1999 |
GCC vs QQQ Performance
WisdomTree Enhanced Commodity Strategy Fund (GCC) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GCC returned +31.82% while QQQ returned +26.75%. Year to date, GCC is up 17.91% versus a gain of 19.68% for QQQ.
Over three years, GCC compounded at +17.21% per year against +26.25% for QQQ; over five years the annualized figures are +12.00% and +15.39% respectively. Across the full 19-year window we track, QQQ has the edge at +13.15% annualized vs +1.27%. 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 15.0% for GCC. 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 -63.2% for GCC 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GCC charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, GCC currently yields 6.21% against 0.41% for QQQ.
Holdings Overlap
GCC and QQQ share 0 holdings out of 105 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, GCC or QQQ?
GCC has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, GCC or QQQ?
Over the past year GCC returned +31.82% vs +26.75% for QQQ, so GCC leads on 1-year performance. Over the longest common window we track (19 years), GCC annualized +1.27% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, GCC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.0% for GCC. Worst drawdown: GCC -63.2% vs QQQ -83.0%.
Should I hold both GCC and QQQ?
GCC and QQQ have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GCC and QQQ?
GCC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, GCC or QQQ?
GCC yields 6.21% while QQQ yields 0.41%, so GCC currently pays the higher dividend yield.
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