GMF vs QQQ
State Street SPDR S&P Emerging Asia Pacific ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GMF offers more diversification with 1,290 holdings.
Side-by-Side Comparison
| Metric | GMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.18% | |
| AUM | $434M | $496.3B | |
| Dividend Yield | 1.22% | 0.44% | |
| Holdings | 1,290 | 108 | |
| YTD Return | +9.16% | +16.23% | |
| 1Y Return | +19.97% | +26.23% | |
| 3Y Return (annualized) | +18.55% | +25.75% | |
| 5Y Return (annualized) | +7.31% | +14.78% | |
| Volatility (annualized) | 20.8% | 30.6% | |
| Max Drawdown | -67.6% | -83.0% | |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 19, 2007 | Mar 10, 1999 |
GMF vs QQQ Performance
State Street SPDR S&P Emerging Asia Pacific ETF (GMF) is a ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GMF returned +19.97% while QQQ returned +26.23%. Year to date, GMF is up 9.16% versus a gain of 16.23% for QQQ.
Over three years, GMF compounded at +18.55% per year against +25.75% for QQQ; over five years the annualized figures are +7.31% and +14.78% respectively. Across the full 19-year window we track, QQQ has the edge at +13.02% annualized vs +5.42%. 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 20.8% for GMF. 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 -67.6% for GMF 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMF charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, GMF currently yields 1.22% against 0.44% for QQQ.
Holdings Overlap
GMF and QQQ share 1 holdings out of 1341 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GMF | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 0.82% | 0.27% | 0.55% |
Frequently Asked Questions
Which is cheaper, GMF or QQQ?
GMF has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, GMF or QQQ?
Over the past year GMF returned +19.97% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), GMF annualized +5.42% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, GMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.8% for GMF. Worst drawdown: GMF -67.6% vs QQQ -83.0%.
Should I hold both GMF and QQQ?
GMF and QQQ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMF and QQQ?
GMF and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 1341 unique securities.
Which pays a higher dividend, GMF or QQQ?
GMF yields 1.22% while QQQ yields 0.44%, so GMF 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.