GGRW vs QQQ
Gabelli Growth Innovators ETF vs Invesco QQQ Trust, Series 1
Which is better, GGRW or QQQ?
QQQ has been ahead.
GGRW has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 49.2%.
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 | GGRW | QQQ |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.18% |
| AUM | $8M | $498.6B |
| Dividend Yield | 0.40% | 0.42% |
| Holdings | 84 | 321 |
| YTD Return | +8.77% | +22.95%Best |
| 1Y Return | +7.95% | +23.60%Best |
| 3Y Return (annualized) | +26.41% | +27.53%Best |
| 5Y Return (annualized) | +8.31% | +16.67%Best |
| Volatility (annualized) | 21.3% | 20.1%Best |
| Max Drawdown | -50.3% | -35.1%Best |
| $10,000 over 5 years | $14,905 | $21,617Best |
| Top 10 Weight | 49.2% | 47.2%Best |
| Fund Family | Gabelli Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 16, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Feb 16, 2021 to Oct 9, 2026 (5.6 years).
GGRW 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 5.6 years both funds cover.
GGRW vs QQQ Performance
Gabelli Growth Innovators ETF (GGRW) is an ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GGRW returned +7.95% while QQQ returned +23.60%. Year to date, GGRW is up 8.77% versus a gain of 22.95% for QQQ.
Over three years, GGRW compounded at +26.41% per year against +27.53% for QQQ; over five years the annualized figures are +8.31% and +16.67% respectively. Across the full 6-year window we track, QQQ has the edge at +16.04% annualized vs +7.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGRW has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 20.1% for QQQ. 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 -50.3% for GGRW 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GGRW charges 0.00% per year while QQQ charges 0.18%. On a $10,000 position that is $0 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, GGRW currently yields 0.40% against 0.42% for QQQ.
Holdings Overlap
58.5% of GGRW's money is in holdings QQQ also owns. 56.7% of QQQ's money is in holdings GGRW also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 41 positions we hold weights for in GGRW and 102 in QQQ, against full books of 84 and 321.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for GGRW (41.8% of the fund), and 21 for GGRW that do not appear in QQQ (41.2%).
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 GGRW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.48% | 8.45% | 1.03% |
| AAPLApple, Inc | 3.87% | 7.80% | 3.93% |
| AMZNAmazon.Com Inc | 5.91% | 4.41% | 1.50% |
| MSFTMicrosoft Corp | 4.43% | 5.88% | 1.45% |
| GOOGAlphabet Inc. C | 6.25% | 2.93% | 3.32% |
| METAMeta Platforms Inc | 4.11% | 3.07% | 1.04% |
| AVGOBroadcom Inc | 3.79% | 2.74% | 1.05% |
| MUMicron Technology, Inc. | 0.63% | 4.85% | 4.22% |
| AMDAdvanced Micro Devices Inc | 1.31% | 3.71% | 2.40% |
| TSLATesla Inc | 1.97% | 2.92% | 0.95% |
58.5% of GGRW is already inside QQQ.
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, GGRW or QQQ?
GGRW has an expense ratio of 0.00% while QQQ charges 0.18%. GGRW is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, GGRW or QQQ?
Over the past year GGRW returned +7.95% vs +23.60% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), GGRW annualized +7.86% vs +16.04% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GGRW or QQQ?
GGRW has been the more volatile fund at 21.3% annualized versus 20.1% for QQQ. Worst drawdown: GGRW -50.3% vs QQQ -35.1%.
Should I hold both GGRW and QQQ?
GGRW and QQQ have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GGRW and QQQ?
58.5% of GGRW's money is in holdings QQQ also owns. 56.7% of QQQ's is in holdings GGRW also owns. They hold 20 positions in common, counted across the 41 positions we hold weights for in GGRW and 102 in QQQ.
Which pays a higher dividend, GGRW or QQQ?
GGRW yields 0.40% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GGRW?
GGRW has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.