GDIV vs QQQ
Harbor Dividend Growth Leaders ETF vs Invesco QQQ Trust, Series 1
Which is better, GDIV or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. GDIV is less concentrated, with 33.4% 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 | GDIV | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $240M | $483.5B |
| Dividend Yield | 1.12% | 0.44% |
| Holdings | 52 | 107 |
| YTD Return | +10.38% | +17.95%Best |
| 1Y Return | +16.03% | +21.77%Best |
| 3Y Return (annualized) | +15.31% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 14.2%Best | 20.0% |
| Max Drawdown | -18.9%Best | -22.8% |
| $10,000 over 4.3 years | $16,062 | $25,113Best |
| Top 10 Weight | 33.4%Best | 46.5% |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 29, 2010 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: May 23, 2022 to Sep 18, 2026 (4.3 years).
GDIV vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
GDIV vs QQQ Performance
Harbor Dividend Growth Leaders ETF (GDIV) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GDIV returned +16.03% while QQQ returned +21.77%. Year to date, GDIV is up 10.38% versus a gain of 17.95% for QQQ.
Over three years, GDIV compounded at +15.31% per year against +25.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +23.88% annualized vs +11.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 14.2% for GDIV. 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 -18.9% for GDIV and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GDIV charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GDIV currently yields 1.12% against 0.44% for QQQ.
Holdings Overlap
16.5% of GDIV's money is in holdings QQQ also owns. 18.3% of QQQ's money is in holdings GDIV also owns.
QQQ and GDIV share little of their money.
6 positions in common, counted across the 53 positions we hold weights for in GDIV and 102 in QQQ, against full books of 52 and 107.
What only one of them owns
Our book lists 90 positions for QQQ that do not appear in our book for GDIV (79.3% of the fund), and 46 for GDIV that do not appear in QQQ (78.1%).
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 GDIV 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, GDIV or QQQ?
GDIV has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GDIV or QQQ?
Over the past year GDIV returned +16.03% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), GDIV annualized +11.65% vs +23.88% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDIV or QQQ?
QQQ has been the more volatile fund at 20.0% annualized versus 14.2% for GDIV. Worst drawdown: GDIV -18.9% vs QQQ -22.8%.
Should I hold both GDIV and QQQ?
GDIV and QQQ have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GDIV and QQQ?
18.3% of QQQ's money is in holdings GDIV also owns. 18.3% of QQQ's is in holdings GDIV also owns. They hold 6 positions in common, counted across the 53 positions we hold weights for in GDIV and 102 in QQQ.
Which pays a higher dividend, GDIV or QQQ?
GDIV yields 1.12% while QQQ yields 0.44%, so GDIV currently pays the higher dividend yield.
Is QQQ better than GDIV?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. GDIV is less concentrated, with 33.4% 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.