GDOC vs QQQ
Goldman Sachs Future Health Care Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, GDOC or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 56.1%.
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 | GDOC | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $20M | $486.1B |
| Dividend Yield | 0.32% | 0.44% |
| Holdings | 45 | 107 |
| YTD Return | +3.92% | +17.44%Best |
| 1Y Return | +12.58% | +24.69%Best |
| 3Y Return (annualized) | +5.09% | +24.76%Best |
| 5Y Return (annualized) | - | +14.22% |
| Volatility (annualized) | 17.6%Best | 21.0% |
| Max Drawdown | -31.0%Best | -35.1% |
| $10,000 over 4.8 years | $9,543 | $18,867Best |
| Top 10 Weight | 56.1% | 46.5%Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Nov 9, 2021 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Nov 11, 2021 to Sep 8, 2026 (4.8 years).
GDOC 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 4.8 years both funds cover.
GDOC vs QQQ Performance
Goldman Sachs Future Health Care Equity ETF (GDOC) is an ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GDOC returned +12.58% while QQQ returned +24.69%. Year to date, GDOC is up 3.92% versus a gain of 17.44% for QQQ.
Over three years, GDOC compounded at +5.09% per year against +24.76% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 17.6% for GDOC. 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 -31.0% for GDOC and -35.1% 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GDOC charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, GDOC currently yields 0.32% against 0.44% for QQQ.
Holdings Overlap
9.7% of GDOC's money is in holdings QQQ also owns. 1.3% of QQQ's money is in holdings GDOC also owns.
GDOC and QQQ share little of their money.
3 positions in common, counted across the 39 positions we hold weights for in GDOC and 102 in QQQ, against full books of 45 and 107.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for GDOC (95.6% of the fund), and 25 for GDOC that do not appear in QQQ (69.2%).
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 GDOC 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, GDOC or QQQ?
GDOC has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, GDOC or QQQ?
Over the past year GDOC returned +12.58% vs +24.69% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDOC or QQQ?
QQQ has been the more volatile fund at 21.0% annualized versus 17.6% for GDOC. Worst drawdown: GDOC -31.0% vs QQQ -35.1%.
Should I hold both GDOC and QQQ?
GDOC and QQQ have a monthly-return correlation of 0.59, 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 GDOC and QQQ?
9.7% of GDOC's money is in holdings QQQ also owns. 1.3% of QQQ's is in holdings GDOC also owns. They hold 3 positions in common, counted across the 39 positions we hold weights for in GDOC and 102 in QQQ.
Which pays a higher dividend, GDOC or QQQ?
GDOC yields 0.32% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GDOC?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 56.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.