GMOV vs QQQ
GMO US Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GMOV delivered stronger 1-year returns. GMOV offers more diversification with 166 holdings.
Side-by-Side Comparison
| Metric | GMOV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $110M | $496.3B | |
| Dividend Yield | 1.88% | 0.44% | |
| Holdings | 166 | 108 | |
| YTD Return | +19.61% | +15.47% | |
| 1Y Return | +26.73% | +24.44% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 12.6% | 30.6% | |
| Max Drawdown | -17.0% | -83.0% | |
| Fund Family | GMO | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 28, 2024 | Mar 10, 1999 |
GMOV vs QQQ Performance
GMO US Value ETF (GMOV) is a ETF from GMO and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GMOV returned +26.73% while QQQ returned +24.44%. Year to date, GMOV is up 19.61% versus a gain of 15.47% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.6% 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 -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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.88% against 0.44% for QQQ.
Holdings Overlap
GMOV and QQQ share 16 holdings out of 252 unique holdings combined, representing a 12.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GMOV or QQQ?
Over the past year GMOV returned +26.73% vs +24.44% for QQQ, so GMOV leads on 1-year performance. Over the longest common window we track (2 years), GMOV annualized +18.48% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, GMOV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.6% for GMOV. Worst drawdown: GMOV -17.0% vs QQQ -83.0%.
Should I hold both GMOV and QQQ?
GMOV and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMOV and QQQ?
GMOV and QQQ share 16 common holdings with a 12.2% weight overlap. Combined, they hold 252 unique securities.
Which pays a higher dividend, GMOV or QQQ?
GMOV yields 1.88% while QQQ yields 0.44%, so GMOV currently pays the higher dividend yield.
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