GGZ vs QQQ
Gabelli Global Small and Mid Cap Value Trust vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GGZ offers more diversification with 312 holdings.
Side-by-Side Comparison
| Metric | GGZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.00% | 0.18% | |
| AUM | $169M | $496.3B | |
| Dividend Yield | 4.34% | 0.44% | |
| Holdings | 312 | 108 | |
| YTD Return | +13.36% | +16.64% | |
| 1Y Return | +24.80% | +27.27% | |
| 3Y Return (annualized) | +19.25% | +25.96% | |
| 5Y Return (annualized) | +6.86% | +14.54% | |
| Volatility (annualized) | 21.3% | 30.6% | |
| Max Drawdown | -59.0% | -83.0% | |
| Fund Family | Gabelli Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2014 | Mar 10, 1999 |
GGZ vs QQQ Performance
Gabelli Global Small and Mid Cap Value Trust (GGZ) is a ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GGZ returned +24.80% while QQQ returned +27.27%. Year to date, GGZ is up 13.36% versus a gain of 16.64% for QQQ.
Over three years, GGZ compounded at +19.25% per year against +25.96% for QQQ; over five years the annualized figures are +6.86% and +14.54% respectively. Across the full 12-year window we track, QQQ has the edge at +13.03% annualized vs +5.35%. 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 21.3% for GGZ. 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 -59.0% for GGZ 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGZ charges 3.00% per year while QQQ charges 0.18%. On a $10,000 position that is $300 vs $18 annually, a gap of $282 per year that compounds over a long holding period. On income, GGZ currently yields 4.34% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, GGZ or QQQ?
GGZ has an expense ratio of 3.00% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $282 per year of difference.
Which performed better, GGZ or QQQ?
Over the past year GGZ returned +24.80% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), GGZ annualized +5.35% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GGZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.3% for GGZ. Worst drawdown: GGZ -59.0% vs QQQ -83.0%.
Should I hold both GGZ and QQQ?
GGZ and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGZ and QQQ?
GGZ and QQQ share 2 common holdings with a 0.3% weight overlap. Combined, they hold 400 unique securities.
Which pays a higher dividend, GGZ or QQQ?
GGZ yields 4.34% while QQQ yields 0.44%, so GGZ currently pays the higher dividend yield.
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