GDFN vs QQQ
Tema International Defense Innovation ETF vs Invesco QQQ Trust, Series 1
Which is better, GDFN or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. GDFN is less concentrated, with 44.0% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GDFN | QQQ |
|---|---|---|
| Expense Ratio | 0.68% | 0.18%Best |
| AUM | $1M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 32 | 107 |
| Top 10 Weight | 44.0%Best | 46.5% |
| Fund Family | Tema Global Limited | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Sep 25, 2025 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
The two price series end 178 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GDFN has data through Mar 30, 2026 and QQQ through Sep 24, 2026.
Fees and Cost Over Time
GDFN charges 0.68% per year while QQQ charges 0.18%. On a $10,000 position that is $68 vs $18 annually, a gap of $50 per year that compounds over a long holding period. On income, GDFN currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
6.8% of GDFN's money is in holdings QQQ also owns. 1.8% of QQQ's money is in holdings GDFN also owns.
GDFN and QQQ share little of their money.
The two holdings books were reported 217 days apart, GDFN as of Dec 31, 2025 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 31 positions we hold weights for in GDFN and 102 in QQQ, against full books of 32 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for GDFN (95.8% of the fund), and 9 for GDFN that do not appear in QQQ (16.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GDFN and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GDFN or QQQ?
GDFN has an expense ratio of 0.68% while QQQ charges 0.18%. QQQ is the cheaper option, by $50 a year on a $10,000 investment.
What is the holdings overlap between GDFN and QQQ?
6.8% of GDFN's money is in holdings QQQ also owns. 1.8% of QQQ's is in holdings GDFN also owns. They hold 2 positions in common, counted across the 31 positions we hold weights for in GDFN and 102 in QQQ.
Which pays a higher dividend, GDFN or QQQ?
GDFN yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GDFN?
QQQ has a lower expense ratio. GDFN is less concentrated, with 44.0% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.