GGUS vs QQQ
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GGUS has a lower expense ratio. QQQ delivered stronger 1-year returns. GGUS offers more diversification with 362 holdings.
Side-by-Side Comparison
| Metric | GGUS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $466M | $496.3B | |
| Dividend Yield | 0.43% | 0.44% | |
| Holdings | 362 | 108 | |
| YTD Return | +4.91% | +16.19% | |
| 1Y Return | +10.84% | +25.22% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.34% | |
| Volatility (annualized) | 15.3% | 30.6% | |
| Max Drawdown | -22.7% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | Mar 10, 1999 |
GGUS vs QQQ Performance
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGUS returned +10.84% while QQQ returned +25.22%. Year to date, GGUS is up 4.91% versus a gain of 16.19% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for GGUS. 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 -22.7% for GGUS 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GGUS charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, GGUS currently yields 0.43% against 0.44% for QQQ.
Holdings Overlap
GGUS and QQQ share 61 holdings out of 394 unique holdings combined, representing a 58.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, GGUS or QQQ?
GGUS has an expense ratio of 0.12% while QQQ charges 0.18%. GGUS is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GGUS or QQQ?
Over the past year GGUS returned +10.84% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), GGUS annualized +20.83% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGUS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for GGUS. Worst drawdown: GGUS -22.7% vs QQQ -83.0%.
Should I hold both GGUS and QQQ?
GGUS and QQQ have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GGUS and QQQ?
GGUS and QQQ share 61 common holdings with a 58.2% weight overlap. Combined, they hold 394 unique securities.
Which pays a higher dividend, GGUS or QQQ?
GGUS yields 0.43% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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