GMOI vs QQQ
GMO International Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GMOI delivered stronger 1-year returns. GMOI offers more diversification with 163 holdings.
Side-by-Side Comparison
| Metric | GMOI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $658M | $496.3B | |
| Dividend Yield | 2.64% | 0.44% | |
| Holdings | 163 | 108 | |
| YTD Return | +21.36% | +16.23% | |
| 1Y Return | +36.28% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 10.8% | 30.6% | |
| Max Drawdown | -14.7% | -83.0% | |
| Fund Family | GMO | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 28, 2024 | Mar 10, 1999 |
GMOI vs QQQ Performance
GMO International Value ETF (GMOI) is a ETF from GMO and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GMOI returned +36.28% while QQQ returned +26.23%. Year to date, GMOI is up 21.36% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.8% for GMOI. 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 -14.7% for GMOI 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMOI charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, GMOI currently yields 2.64% against 0.44% for QQQ.
Holdings Overlap
GMOI and QQQ share 0 holdings out of 280 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, GMOI or QQQ?
GMOI has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, GMOI or QQQ?
Over the past year GMOI returned +36.28% vs +26.23% for QQQ, so GMOI leads on 1-year performance. Over the longest common window we track (2 years), GMOI annualized +34.42% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, GMOI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.8% for GMOI. Worst drawdown: GMOI -14.7% vs QQQ -83.0%.
Should I hold both GMOI and QQQ?
GMOI and QQQ have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMOI and QQQ?
GMOI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 280 unique securities.
Which pays a higher dividend, GMOI or QQQ?
GMOI yields 2.64% while QQQ yields 0.44%, so GMOI currently pays the higher dividend yield.
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