GEW vs QQQ
Cambria Global EW ETF vs Invesco QQQ Trust, Series 1
Which is better, GEW or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y. GEW is less concentrated, with 17.5% 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 | GEW | QQQ |
|---|---|---|
| Expense Ratio | 0.30% | 0.18%Best |
| AUM | $144M | $483.5B |
| Dividend Yield | 1.24% | 0.44% |
| Holdings | 453 | 107 |
| YTD Return | +8.88% | +17.95%Best |
| 1Y Return | +13.38% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 10.3%Best | 21.9% |
| Top 10 Weight | 17.5%Best | 46.5% |
| Fund Family | Cambria Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Sep 25, 2025 | Mar 10, 1999 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GEW 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GEW vs QQQ Performance
Cambria Global EW ETF (GEW) is an ETF from Cambria Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GEW returned +13.38% while QQQ returned +21.77%. Year to date, GEW is up 8.88% versus a gain of 17.95% 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 21.9% compared with 10.3% for GEW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GEW charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, GEW currently yields 1.24% against 0.44% for QQQ.
Holdings Overlap
18.3% of GEW's money is in holdings QQQ also owns. 92.8% of QQQ's money is in holdings GEW also owns.
Most of QQQ is already inside GEW. Owning both mostly buys the same companies twice.
79 positions in common, counted across the 444 positions we hold weights for in GEW and 102 in QQQ, against full books of 453 and 107.
What only one of them owns
Our book lists 19 positions for QQQ that do not appear in our book for GEW (6.2% of the fund), and 177 for GEW that do not appear in QQQ (46.2%).
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.
Top Shared Holdings
| Stock | Weight in GEW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.86% | 8.44% | 7.58% |
| AAPLApple, Inc | 0.92% | 7.27% | 6.35% |
| MSFTMicrosoft Corp | 0.88% | 5.76% | 4.88% |
| AMZNAmazon.Com Inc | 0.80% | 4.67% | 3.87% |
| MUMicron Technology, Inc. | 0.42% | 4.43% | 4.01% |
| GOOGLAlphabet Inc,class A | 0.75% | 3.36% | 2.61% |
| WMTWalmart, Inc. | 1.67% | 2.41% | 0.74% |
| AVGOBroadcom Inc | 0.84% | 3.16% | 2.32% |
| AMDAdvanced Micro Devices Inc | 0.35% | 3.45% | 3.10% |
| GOOGAlphabet Inc | 0.51% | 3.13% | 2.62% |
92.8% of QQQ is already inside GEW.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GEW or QQQ?
GEW has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, GEW or QQQ?
Over the past year GEW returned +13.38% vs +21.77% 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, GEW or QQQ?
QQQ has been the more volatile fund at 21.9% annualized versus 10.3% for GEW.
Should I hold both GEW and QQQ?
GEW and QQQ have a monthly-return correlation of 0.66, 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 GEW and QQQ?
92.8% of QQQ's money is in holdings GEW also owns. 92.8% of QQQ's is in holdings GEW also owns. They hold 79 positions in common, counted across the 444 positions we hold weights for in GEW and 102 in QQQ.
Which pays a higher dividend, GEW or QQQ?
GEW yields 1.24% while QQQ yields 0.44%, so GEW currently pays the higher dividend yield.
Is QQQ better than GEW?
QQQ has a lower expense ratio. QQQ led over 1Y. GEW is less concentrated, with 17.5% 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.