GNOV vs QQQ
FT Vest US Equity Moderate Buffer ETF - November vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GNOV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $300M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +7.01% | +16.64% | |
| 1Y Return | +14.57% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 5.4% | 30.6% | |
| Max Drawdown | -10.7% | -83.0% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 17, 2023 | Mar 10, 1999 |
GNOV vs QQQ Performance
FT Vest US Equity Moderate Buffer ETF - November (GNOV) is a ETF from First Trust Portfolios (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GNOV returned +14.57% while QQQ returned +27.27%. Year to date, GNOV is up 7.01% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.4% for GNOV. 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 -10.7% for GNOV 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GNOV charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, GNOV currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
GNOV and QQQ share 0 holdings out of 103 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, GNOV or QQQ?
GNOV has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, GNOV or QQQ?
Over the past year GNOV returned +14.57% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), GNOV annualized +12.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GNOV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.4% for GNOV. Worst drawdown: GNOV -10.7% vs QQQ -83.0%.
Should I hold both GNOV and QQQ?
GNOV and QQQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GNOV and QQQ?
GNOV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, GNOV or QQQ?
GNOV yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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