GMET vs QQQ
VanEck Green Metals ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GMET delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GMET | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.18% | |
| AUM | $26M | $496.3B | |
| Dividend Yield | 1.17% | 0.44% | |
| Holdings | 56 | 108 | |
| YTD Return | +19.32% | +16.64% | |
| 1Y Return | +103.96% | +27.27% | |
| 3Y Return (annualized) | +13.58% | +25.96% | |
| 5Y Return (annualized) | +7.04% | +14.54% | |
| Volatility (annualized) | 32.0% | 30.6% | |
| Max Drawdown | -53.9% | -83.0% | |
| Fund Family | VanEck | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 9, 2021 | Mar 10, 1999 |
GMET vs QQQ Performance
VanEck Green Metals ETF (GMET) is a ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GMET returned +103.96% while QQQ returned +27.27%. Year to date, GMET is up 19.32% versus a gain of 16.64% for QQQ.
Over three years, GMET compounded at +13.58% per year against +25.96% for QQQ; over five years the annualized figures are +7.04% and +14.54% respectively. Across the full 7-year window we track, QQQ has the edge at +13.03% annualized vs +7.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GMET has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 30.6% 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 -53.9% for GMET 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMET charges 0.61% per year while QQQ charges 0.18%. On a $10,000 position that is $61 vs $18 annually, a gap of $43 per year that compounds over a long holding period. On income, GMET currently yields 1.17% against 0.44% for QQQ.
Holdings Overlap
GMET and QQQ share 0 holdings out of 155 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GMET or QQQ?
GMET has an expense ratio of 0.61% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, GMET or QQQ?
Over the past year GMET returned +103.96% vs +27.27% for QQQ, so GMET leads on 1-year performance. Over the longest common window we track (7 years), GMET annualized +7.86% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GMET or QQQ?
GMET has been the more volatile fund at 32.0% annualized versus 30.6% for QQQ. Worst drawdown: GMET -53.9% vs QQQ -83.0%.
Should I hold both GMET and QQQ?
GMET and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMET and QQQ?
GMET and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 155 unique securities.
Which pays a higher dividend, GMET or QQQ?
GMET yields 1.17% while QQQ yields 0.44%, so GMET currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.