GIGB vs QQQ
Goldman Sachs Access Investment Grade Corporate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GIGB has a lower expense ratio. QQQ delivered stronger 1-year returns. GIGB offers more diversification with 2,467 holdings.
Side-by-Side Comparison
| Metric | GIGB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.18% | |
| AUM | $976M | $496.3B | |
| Dividend Yield | 4.70% | 0.44% | |
| Holdings | 2,467 | 108 | |
| YTD Return | -0.35% | +16.64% | |
| 1Y Return | +2.28% | +27.27% | |
| 3Y Return (annualized) | +5.33% | +25.96% | |
| 5Y Return (annualized) | -0.33% | +14.54% | |
| Volatility (annualized) | 7.2% | 30.6% | |
| Max Drawdown | -23.1% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 6, 2017 | Mar 10, 1999 |
GIGB vs QQQ Performance
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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 GIGB returned +2.28% while QQQ returned +27.27%. Year to date, GIGB is down 0.35% versus a gain of 16.64% for QQQ.
Over three years, GIGB compounded at +5.33% per year against +25.96% for QQQ; over five years the annualized figures are -0.33% and +14.54% respectively. Across the full 9-year window we track, QQQ has the edge at +13.03% annualized vs +1.07%. 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 7.2% for GIGB. 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 -23.1% for GIGB 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GIGB charges 0.08% per year while QQQ charges 0.18%. On a $10,000 position that is $8 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, GIGB currently yields 4.70% against 0.44% for QQQ.
Holdings Overlap
GIGB and QQQ share 1 holdings out of 1643 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GIGB | Weight in QQQ | Difference |
|---|---|---|---|
| KDP | 0.14% | 0.18% | 0.04% |
Frequently Asked Questions
Which is cheaper, GIGB or QQQ?
GIGB has an expense ratio of 0.08% while QQQ charges 0.18%. GIGB is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, GIGB or QQQ?
Over the past year GIGB returned +2.28% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), GIGB annualized +1.07% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GIGB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.2% for GIGB. Worst drawdown: GIGB -23.1% vs QQQ -83.0%.
Should I hold both GIGB and QQQ?
GIGB and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GIGB and QQQ?
GIGB and QQQ share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1643 unique securities.
Which pays a higher dividend, GIGB or QQQ?
GIGB yields 4.70% while QQQ yields 0.44%, so GIGB currently pays the higher dividend yield.
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