GMOV vs QQQ
GMO US Value ETF vs Invesco QQQ Trust, Series 1
Which is better, GMOV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. GMOV led over 1Y, QQQ over the full window. GMOV is less concentrated, with 32.5% of the fund in its ten largest positions against 46.9%.
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 | GMOV | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $100M | $437.3B |
| Dividend Yield | 1.83% | 0.43% |
| Holdings | 333 | 208 |
| YTD Return | +22.24%Best | +12.98% |
| 1Y Return | +28.10%Best | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 12.5%Best | 19.1% |
| Max Drawdown | -17.0%Best | -22.8% |
| $10,000 over 2 years | $13,832 | $13,865Best |
| Top 10 Weight | 32.5%Best | 46.9% |
| Fund Family | GMO | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 28, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 29, 2024 to Nov 11, 2026 (2 years).
GMOV 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 2 years both funds cover.
GMOV vs QQQ Performance
GMO US Value ETF (GMOV) is an ETF from GMO and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GMOV returned +28.10% while QQQ returned +11.59%. Year to date, GMOV is up 22.24% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 12.5% for GMOV. 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 -17.0% for GMOV and -22.8% 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 0.23. They move largely independently of each other.
Fees and Cost Over Time
GMOV charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GMOV currently yields 1.83% against 0.43% for QQQ.
Holdings Overlap
23.3% of GMOV's money is in holdings QQQ also owns. 19.7% of QQQ's money is in holdings GMOV also owns.
GMOV and QQQ share little of their money.
15 positions in common, counted across the 166 positions we hold weights for in GMOV and 101 in QQQ, against full books of 333 and 208.
What only one of them owns
Our book lists 79 positions for QQQ that do not appear in our book for GMOV (77.5% of the fund), and 150 for GMOV that do not appear in QQQ (76.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GMOV | Weight in QQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 7.38% | 6.16% | 1.22% |
| METAMeta Platforms Inc | 5.45% | 3.37% | 2.08% |
| AMZNAmazon.Com Inc | 0.84% | 4.23% | 3.39% |
| QCOMQualcomm Inc. | 1.32% | 0.80% | 0.52% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.71% | 0.34% | 1.37% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.16% | 1.84% | 1.68% |
| PEPPepsico Inc | 1.19% | 0.74% | 0.45% |
| ADBEAdobe Systems | 1.39% | 0.42% | 0.97% |
| INTUIntuit, Inc. | 1.10% | 0.38% | 0.72% |
| PYPLPaypal Holdings Inc | 1.04% | 0.21% | 0.83% |
23.3% of GMOV is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMOV or QQQ?
GMOV has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GMOV or QQQ?
Over the past year GMOV returned +28.10% vs +11.59% for QQQ, so GMOV leads on 1-year performance. Over the longest common window we track (2 years), GMOV annualized +17.61% vs +17.75% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMOV or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 12.5% for GMOV. Worst drawdown: GMOV -17.0% vs QQQ -22.8%.
Should I hold both GMOV and QQQ?
GMOV and QQQ have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GMOV and QQQ?
23.3% of GMOV's money is in holdings QQQ also owns. 19.7% of QQQ's is in holdings GMOV also owns. They hold 15 positions in common, counted across the 166 positions we hold weights for in GMOV and 101 in QQQ.
Which pays a higher dividend, GMOV or QQQ?
GMOV yields 1.83% while QQQ yields 0.43%, so GMOV currently pays the higher dividend yield.
Is QQQ better than GMOV?
QQQ has a lower expense ratio. GMOV led over 1Y, QQQ over the full window. GMOV is less concentrated, with 32.5% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.