GGTL vs QQQ
Gabelli Global Technology Leaders ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GGTL has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GGTL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.18% | |
| AUM | $16M | $496.3B | |
| Dividend Yield | 0.91% | 0.44% | |
| Holdings | 52 | 108 | |
| YTD Return | +18.38% | +16.64% | |
| 1Y Return | +25.84% | +27.27% | |
| 3Y Return (annualized) | +19.24% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 18.8% | 30.6% | |
| Max Drawdown | -23.6% | -83.0% | |
| Fund Family | Gabelli Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 5, 2022 | Mar 10, 1999 |
GGTL vs QQQ Performance
Gabelli Global Technology Leaders ETF (GGTL) is a ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGTL returned +25.84% while QQQ returned +27.27%. Year to date, GGTL is up 18.38% versus a gain of 16.64% for QQQ.
Over three years, GGTL compounded at +19.24% per year against +25.96% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +10.42%. 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 18.8% for GGTL. 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 -23.6% for GGTL 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGTL 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, GGTL currently yields 0.91% against 0.44% for QQQ.
Holdings Overlap
GGTL and QQQ share 19 holdings out of 150 unique holdings combined, representing a 23.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGTL or QQQ?
GGTL has an expense ratio of 0.00% while QQQ charges 0.18%. GGTL is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, GGTL or QQQ?
Over the past year GGTL returned +25.84% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), GGTL annualized +10.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGTL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.8% for GGTL. Worst drawdown: GGTL -23.6% vs QQQ -83.0%.
Should I hold both GGTL and QQQ?
GGTL and QQQ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGTL and QQQ?
GGTL and QQQ share 19 common holdings with a 23.5% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, GGTL or QQQ?
GGTL yields 0.91% while QQQ yields 0.44%, so GGTL currently pays the higher dividend yield.
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