GGOV vs QQQ
iShares Global Government Bond USD Hedged Active ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GGOV offers more diversification with 990 holdings.
Side-by-Side Comparison
| Metric | GGOV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $3.0B | $496.3B | |
| Dividend Yield | 3.24% | 0.44% | |
| Holdings | 990 | 108 | |
| YTD Return | +3.00% | +16.30% | |
| 1Y Return | +3.35% | +24.83% | |
| 3Y Return (annualized) | - | +25.48% | |
| 5Y Return (annualized) | - | +14.50% | |
| Volatility (annualized) | 1.8% | 30.6% | |
| Max Drawdown | -1.5% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | Mar 10, 1999 |
GGOV vs QQQ Performance
iShares Global Government Bond USD Hedged Active ETF (GGOV) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGOV returned +3.35% while QQQ returned +24.83%. Year to date, GGOV is up 3.00% versus a gain of 16.30% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 1.8% for GGOV. 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 -1.5% for GGOV 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGOV charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, GGOV currently yields 3.24% against 0.44% for QQQ.
Holdings Overlap
GGOV and QQQ share 0 holdings out of 179 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, GGOV or QQQ?
GGOV has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GGOV or QQQ?
Over the past year GGOV returned +3.35% vs +24.83% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), GGOV annualized +2.93% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGOV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.8% for GGOV. Worst drawdown: GGOV -1.5% vs QQQ -83.0%.
Should I hold both GGOV and QQQ?
GGOV and QQQ have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGOV and QQQ?
GGOV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 179 unique securities.
Which pays a higher dividend, GGOV or QQQ?
GGOV yields 3.24% while QQQ yields 0.44%, so GGOV currently pays the higher dividend yield.
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