GGT vs QQQ
Gabelli MultiMedia Trust vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GGT offers more diversification with 226 holdings.
Side-by-Side Comparison
| Metric | GGT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.70% | 0.18% | |
| AUM | $259M | $496.3B | |
| Dividend Yield | 24.06% | 0.44% | |
| Holdings | 226 | 108 | |
| YTD Return | +11.03% | +16.64% | |
| 1Y Return | +18.69% | +27.27% | |
| 3Y Return (annualized) | +7.03% | +25.96% | |
| 5Y Return (annualized) | -0.89% | +14.54% | |
| Volatility (annualized) | 26.1% | 30.6% | |
| Max Drawdown | -82.7% | -83.0% | |
| Fund Family | Gabelli Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 15, 1994 | Mar 10, 1999 |
GGT vs QQQ Performance
Gabelli MultiMedia Trust (GGT) is a ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGT returned +18.69% while QQQ returned +27.27%. Year to date, GGT is up 11.03% versus a gain of 16.64% for QQQ.
Over three years, GGT compounded at +7.03% per year against +25.96% for QQQ; over five years the annualized figures are -0.89% and +14.54% respectively. Across the full 24-year window we track, QQQ has the edge at +13.03% annualized vs +0.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 26.1% for GGT. 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 -82.7% for GGT 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGT charges 1.70% per year while QQQ charges 0.18%. On a $10,000 position that is $170 vs $18 annually, a gap of $152 per year that compounds over a long holding period. On income, GGT currently yields 24.06% against 0.44% for QQQ.
Holdings Overlap
GGT and QQQ share 14 holdings out of 298 unique holdings combined, representing a 14.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGT or QQQ?
GGT has an expense ratio of 1.70% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $152 per year of difference.
Which performed better, GGT or QQQ?
Over the past year GGT returned +18.69% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (24 years), GGT annualized +0.18% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 26.1% for GGT. Worst drawdown: GGT -82.7% vs QQQ -83.0%.
Should I hold both GGT and QQQ?
GGT and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGT and QQQ?
GGT and QQQ share 14 common holdings with a 14.5% weight overlap. Combined, they hold 298 unique securities.
Which pays a higher dividend, GGT or QQQ?
GGT yields 24.06% while QQQ yields 0.44%, so GGT currently pays the higher dividend yield.
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