GGTL vs QQQ
Gabelli Global Technology Leaders ETF vs Invesco QQQ Trust, Series 1
Which is better, GGTL or QQQ?
Large Cap Blend against Large Cap Growth.
GGTL has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. GGTL is less concentrated, with 37.5% 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 | GGTL | QQQ |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.18% |
| AUM | $15M | $483.5B |
| Dividend Yield | 0.86% | 0.44% |
| Holdings | 71 | 107 |
| YTD Return | +18.21%Best | +15.94% |
| 1Y Return | +17.91% | +20.44%Best |
| 3Y Return (annualized) | +19.12% | +24.86%Best |
| 5Y Return (annualized) | - | +14.26% |
| Volatility (annualized) | 18.7%Best | 20.9% |
| Max Drawdown | -23.6%Best | -32.4% |
| $10,000 over 4.7 years | $15,812 | $18,998Best |
| Top 10 Weight | 37.5%Best | 46.5% |
| Fund Family | Gabelli Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 5, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Jan 5, 2022 to Sep 14, 2026 (4.7 years).
GGTL 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 4.7 years both funds cover.
GGTL vs QQQ Performance
Gabelli Global Technology Leaders ETF (GGTL) is an ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GGTL returned +17.91% while QQQ returned +20.44%. Year to date, GGTL is up 18.21% versus a gain of 15.94% for QQQ.
Over three years, GGTL compounded at +19.12% per year against +24.86% 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 20.9% compared with 18.7% 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 -32.4% 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 0.80. 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 0.86% against 0.44% for QQQ.
Holdings Overlap
30.6% of GGTL's money is in holdings QQQ also owns. 44.0% of QQQ's money is in holdings GGTL also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 69 positions we hold weights for in GGTL and 102 in QQQ, against full books of 71 and 107.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for GGTL (54.3% of the fund), and 18 for GGTL that do not appear in QQQ (18.7%).
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 GGTL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.79% | 8.44% | 5.65% |
| MSFTMicrosoft Corp | 2.15% | 5.76% | 3.61% |
| AMDAdvanced Micro Devices Inc | 4.16% | 3.45% | 0.71% |
| MUMicron Technology, Inc. | 1.99% | 4.43% | 2.44% |
| AVGOBroadcom Inc | 3.12% | 3.16% | 0.04% |
| AMZNAmazon.Com Inc | 1.03% | 4.67% | 3.64% |
| GOOGLAlphabet Inc,class A | 0.37% | 3.36% | 2.99% |
| TXNTexas Instrument Inc | 2.10% | 1.12% | 0.98% |
| NFLXNetflix, Inc. | 1.22% | 1.37% | 0.15% |
| FTNTFortinet Inc | 2.03% | 0.53% | 1.50% |
44.0% of QQQ is already inside GGTL.
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, GGTL or QQQ?
GGTL has an expense ratio of 0.00% while QQQ charges 0.18%. GGTL is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, GGTL or QQQ?
Over the past year GGTL returned +17.91% vs +20.44% 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, GGTL or QQQ?
QQQ has been the more volatile fund at 20.9% annualized versus 18.7% for GGTL. Worst drawdown: GGTL -23.6% vs QQQ -32.4%.
Should I hold both GGTL and QQQ?
GGTL and QQQ have a monthly-return correlation of 0.80, 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 GGTL and QQQ?
44.0% of QQQ's money is in holdings GGTL also owns. 44.0% of QQQ's is in holdings GGTL also owns. They hold 19 positions in common, counted across the 69 positions we hold weights for in GGTL and 102 in QQQ.
Which pays a higher dividend, GGTL or QQQ?
GGTL yields 0.86% while QQQ yields 0.44%, so GGTL currently pays the higher dividend yield.
Is QQQ better than GGTL?
GGTL has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. GGTL is less concentrated, with 37.5% 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.