GGZ vs QQQ
Gabelli Global Small and Mid Cap Value Trust vs Invesco QQQ Trust, Series 1
Which is better, GGZ or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | GGZ | QQQ |
|---|---|---|
| Expense Ratio | 3.00% | 0.18%Best |
| AUM | $165M | $483.5B |
| Dividend Yield | 4.34% | 0.44% |
| Holdings | 312 | 107 |
| YTD Return | +10.27% | +16.87%Best |
| 1Y Return | +16.95% | +22.98%Best |
| 3Y Return (annualized) | +19.06% | +24.98%Best |
| 5Y Return (annualized) | +5.86% | +14.39%Best |
| Volatility (annualized) | 21.3% | 18.4%Best |
| Max Drawdown | -59.0% | -35.1%Best |
| $10,000 over 5 years | $13,294 | $19,586Best |
| Fund Family | Gabelli Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Jun 23, 2014 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 12, 2014 to Sep 11, 2026 (12.2 years).
GGZ 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 12.2 years both funds cover.
GGZ vs QQQ Performance
Gabelli Global Small and Mid Cap Value Trust (GGZ) is an ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GGZ returned +16.95% while QQQ returned +22.98%. Year to date, GGZ is up 10.27% versus a gain of 16.87% for QQQ.
Over three years, GGZ compounded at +19.06% per year against +24.98% for QQQ; over five years the annualized figures are +5.86% and +14.39% respectively. Across the full 12-year window we track, QQQ has the edge at +18.53% annualized vs +5.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGZ has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 18.4% for QQQ. 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 -35.1% 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 0.68. They move together some of the time, and apart the rest.
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
At least 0.5% of QQQ's money is in holdings GGZ also owns.
Only one direction is shown: for GGZ, our book for it lists positions totalling 106.9% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 127 days apart, GGZ as of Mar 31, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 300 positions we hold weights for in GGZ and 102 in QQQ, against full books of 312 and 107.
You are not choosing between two funds in isolation.
Whichever of GGZ and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $282 a year on a $10,000 investment.
Which performed better, GGZ or QQQ?
Over the past year GGZ returned +16.95% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), GGZ annualized +5.09% vs +18.53% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GGZ or QQQ?
GGZ has been the more volatile fund at 21.3% annualized versus 18.4% for QQQ. Worst drawdown: GGZ -59.0% vs QQQ -35.1%.
Should I hold both GGZ and QQQ?
GGZ and QQQ have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is QQQ better than GGZ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.